The withdrawn of highest currency notes 500 and 1000 as legal tender is the bold steps and moving forward to next steps , to demolish corruption and black money . The people those who are with unaccounted cash are profoundly entrapped after this decision . Decison is quick and spontaneous which will bring more people in the tax net and subtle chance to hide their money or evade tax.
Today India has Unaccounted wealth $479 billion dollar as per the rating agency Crisil. Such money are used for fueling terrorism and also sponsoring sabotage activities . This decision has potential to check counterfeit currency.
One thing should be taken care and ensure that poor people and farmers are trample in this step due to not availability of their bank account or identification . Step is favourable in national interest and praiseful.
Shivendra kumar
Today India has Unaccounted wealth $479 billion dollar as per the rating agency Crisil. Such money are used for fueling terrorism and also sponsoring sabotage activities . This decision has potential to check counterfeit currency.
One thing should be taken care and ensure that poor people and farmers are trample in this step due to not availability of their bank account or identification . Step is favourable in national interest and praiseful.
Shivendra kumar
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| Courtesy :- shivendra kumar |
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