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Showing posts from December, 2016

Demonitisation - Old 500 and 1000 INR not valid any more

Is Demonetization a good thing or a bad thing? Recently, I have read a lot of positive and negative news: Major Positives: Black Money will be eliminated for now. Terrorism activities will be curtailed for at least 3 months (in Srinagar, daily activities like stone throwing, bombing etc have been reduced and people have come out in public and schools have been reopened, maoists and naxalites activities reduced) Inflation will be reduced. GDP will grow. Major Negatives: People who have been standing in ques for countless hours (This might be also to the fact that lot of black money might be distributed to various people who come to stand in line to deposit and to take the deposited money) 60+ people dying (This is not Government's fact.  It is the mob's fault) Small business affected, probably. We have to define small business, today even vegetable vendors make more money and evade tax. Businesses who come to our house regularly, selling petty things, who make