Is demonetization really checking black money?

955 Views Updated: 05 Jan 2017
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Is demonetization really checking black money?

Demonetization is being said to check black money as people have to transact through banks to exchange 500 and 1000 notes, but Is demonetization really checking black money

Don't you think that hard cash earned by business class or employees or even politicians are accounted for?

share your opinion here

Is demonetization really checking black money? 

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Posted by: sen46.anindita Posts: (57) Opinions: (61) Points: 5,146 Rank: 23
4
Opinion
No

The demonetization can well trigger a recession, while not entirely addressing the black economy. This will affect only those individuals who hold cash. Others who have already converted their money into assets, and invested in gold and other luxury items will be only marginally affected.

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