Post-demonetization, the Prime Minister of India, sought the citizenrys response to his governments move to demonetize the old ?500 and ?1000 currency, in an attempt to delete the existence of a parallel economy being run by black money. The team of Jan Ki Baat received a ton of messages responding to Mr Modis question. The messages sung praises for the Modi governemnts decision, commending his governments move of demonetization. A flood of responses, all featured celebratory mood of the people, noted the courage behind the Modi teams agenda.
When PM Modi declared his, and his governments, idea to sweep the nation, on 8th November 2016, the demonetization drive had begun. Getting rid of black money was a major portion of BJPs 2014 list of goals. Sudden withdrawal of the legal tender of ?1000 and ?500 was questioned by many. Though demonization was lauded for its noble goal, it was at the same time critiqued the in-built flaws it had.
The effects that demonetization has had on the residents of India have been poles apart, with some calling it a good enough cause to unite Indians and cultivate honesty and others seeing it as anti-poor, anti-middle class policy. The diverse reactions to it need to be recorded to understand the variety of effects financial policies have on different social classes and sections.
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