Hai friends,
Today i would like to speak about the good and bad aspects of 500 and 1000 rupee note ban.
This issue has made good effect as well as bad effect on Indian economy and common people.


Lets talk about the bad impacts.

1.The rural areas in India will get affected because about 6.8 lakh villages in India do not have
bank accounts.They will get suffer..Most of tham donot know about how to exchange this money.

2.This will not affect the people having account on foreign banks such as SWISS, PANAMA etc,..
So big shots will always escape.

3.It will affect the upcoming 5 state elections.

4.It will affect owners of consumer perishable products such as MILK,VEGETABLES,FRUITS etc...

5.This will surely affect the big money shots but affect the common people more because of their increased number

6.The medical field will also get affected because,Even though the government hospitals have the eligibility to accept old notes, most of the cases if the government doctor prescribed some medicine which are not available on the government dispenseries,common people will not be able to buy these from the private hospitals or pharmaceuticals.

7.The tourists coming to India will affected because they will not be able to exchange money because of this rush.

Now we can see the good effects

1.About 30 lakh crore black money is estimated now which is equal to 20% of total India's GDP.This GDP is greater than the GDP of  ARGENTINA and  THAILAND.This will get Eradicated.

2.People are prefering gold and real estate because of the insecurity of currency notes.The unauthorised gold and real estate merchants will get affected.

3.The people will start card transactions instead of cash transactions,which will reduce the risk and
cost in printing and  carrying it. Risk of being robbed will be reduced.

4.The bank deposits will reach its peak which will give both the bank and consumers more interest cum profit and more money lendings.

5.Dowry problems can be take to a new level of solutions