An Essay/ Article on Demonetisation ( नोट बंदी) in India with its social and economic impact – भारत में नोटबंदी पर निबंध / लेख – Read Nov 2018 Historic Decision of the Union BJP Govt
When PM Modi announced that Rs with the denomination of 500/- and 1000/- would cease to be the legal tender from 9th of Nov, the whole country was stunned. This decision caused sensation in the whole country. Social Media was flooded with messages and information. People started counting the trash they had accumulated for years illegally.
हिंदी में नोटबंदी पर लेख / निबंध यहाँ से पढ़ें
Rumours became rife. People devised new ways for saving their hard earned money !. Some tried to invest their dying currency in gold. Some contacted their near and dear ones in this miserable hour. People could get only Rs 4000/ of old denomination exchanged with the new one. Big queues before the banks and ATMs became the order of the day.
Instead of getting shorter, these queues were getting longer with every passing day. The last date for the whole process was 30th of December. The persons could deposit the old cash worth Rs 2.5 lac till the said date.
The main objective of this move was to curb the black money, corruption and fake money menace. All the people but those who were indulged in malpractices welcomed the move. The whole opposition shook hand against this move under one pretence or the other. They called this decision a draconian law and wanted the govt to roll it back. Tirades were made to target the decision. Govt also carried out counter attacks.
The new currency which replaced the old one was in the denomination of 500/- and 2000/-. Though the people faced a lot of inconvenience owing to shortage of funds, they did not criticize the govt for the move.
Rather they lauded the Modi govt for this historic move. Prime Minister also addressed the people many times telling the people that it was a mahayajna (महायज्ञ ) and they must offer their own ahuti ( आहुति ) in it.
He further said he was aware of the hardships they were suffering from but he sought only 50 days for setting the things right. He jibed at the chief political leaders who had stashed big amount of money and therefore, joined hands to force govt to rollback its decision.
The most interesting thing regarding the demonetisation was that people had devised various unique methods for transforming their black money in to white one. Some of these methods were as follows –
- Depositing money in the accounts of their poor relatives and friends.
- Enticing the people with some percentage of money for exchange.
- Asking their employees to stand in the long queues in front of Banks and ATMs for getting money exchanged.
- Hiring labors for some Rupees ranging from Rs 500/- to 700/- for becoming the part of long queues in front of banks/ ATMs.
- Converting black money in to gold.
- Paying a few months salaries in advance.
- Paying back loans forcibly.
- Using their influence / links with bank employees and so on.
Impact of Demonetization on Indian Society/ Economy –
We saw a great impact of this move of the Central Govt on Indian Society and Economy. The first impact was that people had to lower expenditure power. With that they could not purchase luxurious things.
There were no ostentatious expenditures on marriages and other ceremonies. So the society grew lesser materialistic and people more prudent. With the fake money destroyed, Indian economy was expected to see a big boom and resultant so-far-booming-real-estate-sector fell on the ground.
People had the following expectations – The things would be cheaper. Indian Currency might get respect at the international market. There might be a great check on the terror-related funding and therefore, on terrorist activities. Corruption would be down to a great extent as people would stop the tendency of accumulating money using wrong means.
2019 Lok Sabha Election was contested on this issue. Mr. Rahul Gandhi has criticized Indian Govt on this issue as well.
This big move was greatly expected certainly to abridge the gap between the haves and the have-nots. “However, there might be some difficulties for a couple of months. But this inconvenience would temporary and for short-term” had assured the govt.
On the first anniversary of Demonetization, read what big leaders of the country had said –
Former Finance Minister Arun Jaitley – It was ethical drive, watershed moment …
Former PM Manmohan Singh – Demonetization was organized loot, hit economy …
PM Modi – I bow to the people of India …
Unexpected things the people felt –
- Recession in the business
- Not much control on the corruption
- No receiving of much expected black money from Swiss Banks and so on ….
Read Important Facts/ Questions on Demonetisation in India
Nice Essay but bit lengthy. Although, it is an informative essay, next time please keep it simple and short to help students as well as any researchers to read
To good essay for us
Nice but a long essay
very nice essay
Very helpful , good article .
Very nice essay writing I can easily mug up this essay tx for writing nice essay
thanxs for a wonderful essay on demonitisation
this website have more information continue this
I want to write an essay on demonetization.So,how can I begin the essay.Can someone pls help???
Nice
Nice information
As u see I have fetched good marks in ASL :-it is a test conducted by board of 20 marks
You can fetch good marks in the board
Nice sentencesong….limited and good
Love this……..nice sentences…… Limited and good
Awesome…
Thanks 4 dis
It helped me a lit in my test
It Is awesome it helped me out in essay writing competition
Informative and good eassay
it is a good eassay.Heplfull to me i know i will got good marks for rhis eassay
nice article but nit impactfull yet enough but it delivers the main aim set behind demonetisation
Need a help
Yooooo!!!awesome.this website made me to complete my project work and get 20 marks in my board
Amazing
We need other help and your also helped but you think about that why it create dimonetisation (wgm) and wins
not so bad, far too short!!!!
It’s superb it very helpful
Vishal sr thx A lot coz u hv put the grt n unique information on this site it …..Really a grt information for all of us…..Gen salute for ur positive thinking….Jai. hind Sr….. Sumit….
It really best one and also helpful for my broad exam and for holiday homework.
This will definitely help me and lead me to a rank in essay writing competition…
Definitely the essay is very helpful for exams & homework.We can get much information on demonetization.Thanks a lot.
awesome essay
Definitely will help me in my final examinations
Thank u so much sire it helps me in exams of class 9th . But this is the topic of higher class . On this basis thanks again . Plz send replay or send email od i want to talk with u sire
Really helpful THANK YOU …..
nice one bro…………..
it is really helpfull..
Its superb
Really nice one. I wish that like it helped me, it will help others too
everything is done for the name and fame
Article is so nice it will definitely help in my board examination
One of the best essay I have ever read
It helped me a lot….really clear explanation
Very nice work sir thanks a lot for writing.
Good explanation
Surly it will help in my board examination
good explaination ,I’m from manipur 11 arts student my name is Max.
I like it
Clear cut explanation I’ve ever seen
I loved this article…It will definitely help me for my ssc cgl exams … Thanks a lot
I like this article very much i hope that this topic mudt come in my isc board paper so i can write it in this excellent method .
thanks
it wll hlp on my boards exmntion
good article i am impressed
Very good article
Too gud article…appreciate
Today is my board exam I live In vadodara and I loved the fanatic way u explained its just monotonous enough for me…it really helped a lot____!
Thanks it will use for my board exams
Good article …… Thank you……… it’s really informative ………
I gate use full for me thank as
Thank you PM Modi I support this decision. Tomorrow is my SSC board exam and English paper and this will help me a lot. GUJARAT
There is a english paper on 15 th march and this essay will be helful inmy board exam
I like this decision . Thanks Prie minister
Tomorrow is my board exams hope topic related to this comes
good article it is informative.
Excellently explained thnk u so much……it will be very helpful for my boards
The way this essay has been written is just appropriate and the language is good enough to understand thanks it helped me for my boards!
Today is my board . I will see how far is it helful
It will help in ICSE exams
Nice essey it will help in my board examination today
Very nice
Good
It will help me in my board exam in my eng paper.
Thank a lot I think this essay will surely be helpful to me in my ICSE BOARD EXAM and I think I can score good marks in language thanks for essay …
Helpful for board exams!!
Up me namo sarkar
It should show the bad impact too .
By the way it will help me for my ICSE exams tomorrow.
Thanks.
Nice comprehension. …..my language ICSE exam will held tomorrow and this will be useful to me
A fabulous essay . This has provided me with some pt which will help me
Nice essay it will help me in ICSE exams
very good essay ! Will surely help all students facing the board exams hopefully!
Useful for my ICSE board examination
Need more improvement in impact containing both good and bad . Especially about effect on economy.
Nice essay very helpful
I like it it is the best decision of modi ji thanks
Very good essay.It will be helpful for ise board exam
Good thought but badly organised
Thanks for this essay. It had really helped me in writting the essay on the topic of “DEMONITIZATION”which had came in my exam.
And keep up the good work Modi!
A big master piece
It will help in my boards today
Thankyou
Thnx for your excellent article!✌
Today I have exam of English!! It will surely Help me
awesome man what a essay i am finding demonitisation essay from 2 hours and now i got it
bhagwan kare bas icse mai aajaye….then full marks
thanks vishal gupta
9 ko CBSE Mei article aayega.
It’s a very nice and easy language essay which will help me in my boaRd exam. It’s a value based topic.
Typical language
Sry but I don’t like it
This is very helpful in english 2017 board. Good work
It would greately help me for my forth coming icse exam on 10th march
The essay is very interesing and pleasing for the fact that it has only the advantages of demonetisation but think urself have we achieved any of those impacts promised by modi rather we have paid a big price for this demonetisation……….. N our economy has gone back several years
Nice article if come in my board exam
A good essay,it will really help me for boards
Loved both the move and the essay
Nice article i like it
It was good and would help me in my boards. Thanks!
Good essay.Useful to study for board exams
Ya this was very very very very very very useful for my Icse board exams on 10th March 2017 .
This article will surely help if it comes in my board xams on 10th march
Thanks for wizards article on demonetisation
It is a very good essay students can get better help for their examinations nd can also increase their general knowledge
Thanx
Vry nice decision
Thnxx modi jee
Thanks for this help
It will help me in writing essays on this type of topics in boards of 2017
Thanks
Wonderful essay
I think this is a right step taken by the government to curb corruption
This Article is very helpful for me
I have my board class
I have exam in 10th March I would like to do my composition in this only…
Super article I liked it very much and it is useful
This article was a great help
article was amazing
it was really awesome
i welcomed htese things from my heart……
thank u modi ji………….
nice article…..luv it
Thanks to examweb.in for the essay
I got the proper thing that I need…
it is very useful
It is a very good sassay for me
Disgusting this method
I don’t agree
Good attempt. Very helpful info on this topic
This article will help me much in my board exams of English language on 10th March if this topic would come to write
Nicely writen coooooooll essay
Bole to good hai
very cool. man!
Awsmm act
Very impressive.
-It is a best article
-It covered all imp.points
-Thanks for help
Thank you so much for your Article
Nice article
Niceeè☺one liked by me
Good to read ! But the only way to curb this demon of corruption is the awareness among common people . Until and unless they come to know of their doings to get some of their work done without bribery, it is only a far dream waiting to come true.
It is very intrested in banking exam and others ,it will help to write an essay in sbi po exam 2017..i like it.
Thanks for your article
Good luck
Good essay
The eassy is like media report. And I like it very much.
i liked it……
it helped me a lot…….
It helped me a lot … A big slot of information in just few lines… As this is the current happening/news in the society and I’m appearing for HSC examination so therefore I need to be updated so that even if we get a question of speech on the topic demonization, I will be able to right the same plot. Thank you and it is very helpful for me
I like the the way of ruling of this government
After demonitization our country’s economic develop and I am totally agree with PM Modi.
Written by Lovlesh.
Nice article
It helped me a lot for my speech competetion and it was an arcticle
to be appreciated.All the topics in it were vastly explained and it was to the point.
nice article
Good it helped me to get whole plot behind demonization.
demonitization is a great value curreny of India but after demonitization get the value Indian currency in international marker’s ……and poor people is lossed this demonitization …..
It helped me a lot to prepare myself for the board exams.
Hmmm…Nice article I like it
Good idea for government
Thank you. It helped me a lot in my boards
really good as an article .(liable to be appreciated) , its the talk of the town .
factually , i would like to say that there has been no substantial gain till now.
If i am not very correct , please cite certain examples..
Many countries have tried this way to eradicate black money but it is best executed by our hon’able prime minister
It’s very useful one….
My sugestion is that it’s more help til when it can be made avilable in other languages also. ..
Nice essay ..really helping
Good and perfect one …
What an amazing and awesome essay of note bandi this essay help other black currency holder
arun
it’sa good and etc………………
Nice article keep weighting
It’s a nice article that i read
It’sa good eassy it helps in writing eassy thanks
It’s good for the Poor’s but a threat for the black sheep’s!!!!!
it is really nice and helpful
No inconvenience is been claimed by common people yet. They are saying it is a good and progressive step.And the economists too has welcomed the step. It is the opposition only critising it.As PM has destroyed their illegal money which they created for last 70 years.
Good essay…
really very helpful fr my tmrw’s ASL
Very nice article on Demonetisation it had long term impact on our country only when it is implemented in a prepared way but although it is good article
I like this article very muchI m very helped by this article
Thanks for putting it on internet
Its helped me a lot thnx
Good. Article very useful
It help to learn an essay and it is very nice essay and thanx for helping me I know now that how the essay is been written first I didn’t know how write an essay but I know now
Thanx for help to me and this was a so good article and it help me to learn essay and it also teachs me that how to. Make an essay and I am in 5th now thanx for helping me
It is an excellent idea but the execution is really slow.
I like the idea of demonetization and i am also in the favour of demonetization
It’s really nice article
it is not good for poor family.
more useful if it is to long
It was really helpful…thnkx
Really nice
It’s so bad for illegal persons who earned or took black money .
From A.M.
It’s good movement of government
I m very helped by this article
Thanks for putting it on internet
I like this article very much
Superb article We are with you
Thanks it was really helpful thank you very much
Dude demonetisation spelling is wrong yar
Dude both spellings are correct. One is American and other is British.
lovely
Super , article thanks to whom who written this article
thank you sir
A very interesting essay on demonetzition ….
It is very helpful
It was useful, thanks!!!
Your article is osm i like it
its really nice article
Good essay……I liked it………and it really helped me……THANX……
Its an good idea .and I likes it to much….
this is a wonderfull site and these information is more helpfull for my study.thanks for all of those give me this type of information
It was a right move but at a wrong time……
this is totally amazing. please tell what this line means” Big lines became the order of the day.”
It means big queues before the banks and ATMs became very common.
Good decision
Really good one….
Very much helpful…..
Almost included all the important information……..
Nice essay
its really very helpful
Thank you so much! :) :):):):)))))
Good better best !!!!
very nice thanks it is very useful
Very nice article sir. Very helpful to me & all. Thank you.
VERY NICE
Yes it very good essay.
Superb! What a nice article.
You should publish more about this topic. It would be interesting.
nice article
Thanks for helping in my school project it was really helpful for me
Thanks for giving such a good information
thanks for giving such a good info.
yes its a big problem for poor people but its a positive effort
Yet it be the problem for few months but its a very positive impact on this country. kuchh pane ke liye kuchh khona padata hai.
Thanks for help
It was good to a lot of black money.
And thanks for pm . Because by this decision India were developed
Please also rite it in hindi
Sure.
Good move of central government. .go ahead we r with u…jai hind jai bharat..!!
Nice and helpful
U r right
Gud but u should give more details
Good article
very nice and good decision for every honest citizen of india ..i love PM modi decision …mera bhart mahan .
Excellent Article It is helpful for me to do work of school
v.good and best article thank you
A good article
This gives a lot of information to me and it help me te increase my gk
Thanx to whom he/she wrote this article
Can’t help but notice that you definitely are a Modi Bhakt. Could you please explain how exactly are the recovered black money help India’s image on the international face.. how is the question..Also pls explain how did Reddy manage to conduct his daughter’s wedding days after , demonetisation was announced.
Individual cases will have to be investigated. I’m no Modi bhakt. But, I would support the idea of Demonetisation with effective implementation of the same and its Imp to mention that the proactive measures like Jan dhan Yojana and tax declaration schemes were not sufficient and much mire could have been done.
Yes it would be right and have a great impact on country as the while economy could be changed through demonetisation.we should move forward for cashless economy.
As it is simpler easier way to reduce corruption and make the transiction easier and comfortable for the mankind.
I don’t understand ‘why some peoples are’nt supporting this? Don’t hou think they are supporting corruption.yes,the reason is self greed
if we want to see the India get forwarded and raising up like other countries then we should support the system. pay the tax regularly and make the India a corruption free india.
Very nice article this article became very helpful to me . Thanks for sharing it with us
Thanks for reading it.
nice article,i like it,it is very helpful.
PM modi sir,you have done a great job, I am very proud to say that I am living under the PM modi sir control and I would like to congratulate that you have taken a very good decision. It can change our India as better India.I hail from farmers family. There are 10 members in my family out of whom only I am educated. Please consider more and more on development of agricultural sector. My address is V.veluchamy, 4/447, thriveni nager, Nagamalai,madurai-625019, Tamilnadu-India
Thank You sir
The is isa very ryt step towards the economic development of India and I support it.
good article
Superb I really like it
Which country have first experienced demonetization
May be it is Ghana that had tried demonetization in 1982.
Its an amazing essay. I totally agree with this. I m with the decision of p.m. modi of demonetization.
Its great step for the country.To develop our country it is necessary and helpful to stop corruption…………
i like that idea and hope you also like it ………….
be INDIAN
because every corrrupt person is CHAMPION………………..
thank you it was a good aticle
thanxx. it helped me a lot…
What a amazing site! How amazingly someone has collected information of both the faces of demonetization of currency.
I am just Flabbergasted!!!!!!
wy dont to care any problem
Thnkas to lot
It was a good decision towards corruption and black money.
Thanks a lot
i don’t care.
Thanks for providing the article.Nice Article…!
good article
thanks for help
Nice essay…! But demonitaization has side effect also in the booming economy it has created some where unemployment also and else it has many disappointment for the middle class people mainly they are affect by this….
I like it
It’s really good .
Really helpful and now this yr 100℅ chances to come in upcoming cbse board 12 examination.
Thanks for providing me such a good information about Demonetization.
Plz sir provide me a good article on surgical strike.
If possible then sent me on :
amnkmr12345@gmail.com
yess ..thia is gud way to ..end corruption but ..corupted person also caught with new currency
Very nice and informative
The step taken by Mr. Narendra modi is the biggest step for Indian financial power..
People are getting problem to widow their money i accept this.. But think how much prime minister would be facing problem to change the country..
Pls be supporter of P M.
Thanks..
This was a nice decision by our honorable pm midi
i don`t think so !!!!!!!!!!!!!!!!!
I liked it
u r right bro
Informative…
best step to end black money
Its probably a gud decision..cuz,it might b a problem fr nw BT surely it iz a gud decision nd thr also wuld b a gud result ….pepl may wantdly tell DAT dhe decision tken by p.m (N M) iz wrng as cuz they waiting fr longer hours in d quaque …..fr dem i can gve one suggestion dho im nt against at peple but d thng iz while prchsng a movie ticket stndng in quaque doesn’t feel thm its wrong…BT cmez to #@tm it feelz #so let us not do diz nd supprt it
Excellent and thanks but there r such corrupt people who r trying to change their black money into white
This result will soon turn positive
nice article,as very informative,i like it
we have to wait for good times . this is the time of sir MODHI’
Nice I like it
Informative one..keep publishing…
Excellent article I like it very much wonderful. Superb and awesome modi sir is a very intelligent person he had done a very good job
December 19,2016 at 9 o’ clock
Very good decision
Nice
I lyk it vry much..:)
How we sure dat there will be no black money after demonetization.? Aftr demonetization there r many cases come through media. The political parties r doing this even some branches of banks r doing black money to white.
May be, this demonetization is one the filters. If some dirt is still left after the first filter, there will certainly be some more filters. The important thing is that somebody is doing it with good intention.
Nice!!!!
Nice essay i love the way u expressed the goods and bad related to it still if the law would have been known to all at the same time then probably a large amount of black money would have been found.india mainly functions with the small scale industries and this decision lead to a huge problem for them as well as the poor.the rich tried to harm them a lot. I wish corruption may reduce atleast for atleast some time and ur ideas as well as points were also good
Excellent essay or article whatever we say…I think Modi sir has done the correct and the right thing…
thanks for the info .But till today i could not come to know that how black money is going to be eradicted
I liked your article too much
Thanks Asish.
Its marballous I loved it
Thanks Ujjwal.
It is very helpful to all.thanks for giving good information
Thanks for visiting us.
its for all .i like it
Really helpful
Thanks for help
A good article
Thanks.
How cum black money is being found only with normal people businessmen etc and not politicians cz da entire world know they r da one to have huge amount of black money?????……..?????!!!!
Yep it would be problem fr few months. Bt with a great impact positively
I mean how could someone face lot of money
It should be problems
“The new currency which replaced the old one is of denomination of 500/- and 2000/-. Though the people faced a lot of money because of shortage of funds, they did criticize the govt for the move. Even they lauded the Modi govt for this big move. Prime Minister also addressed the people many times telling the people that it was a mahayajna (महायज्ञ ) and they must offer their own ahuti ( आहुति ) in it”
This is what u have written but how could face lot of money
sir can we take a demonetization …as a research topic
it have any importance role in the future
sir suggest me a toppic on the cooperative banks
Yes you can take mam
This is a good Essay I can get good mark for this essay
yes you can take geeta its a great idea
Yes you can take Geeta it is amazing and great idea
You know from my side demonitization is good action for country