Here is the Pulp – Success of demonetisation

Hindustani

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Here is the Pulp – Success of demonetisation

After successful demonetisation move, several people are debating that how much black money came, what is the out come of such a bold step, and questioning the success of demonetisation etc.

We need to understand that demonetisation was done with expectations of a several broad goals, and pulling out black money was only one of its goals instead it was only the goal. As we know that keeping very huge cash is not practical for majority, so most of the black money holders don’t dump cash but they keep on investing it in land or property and gold. certainly people are keeping cash but not in very huge amounts, except few. After demonetisation approximately Rs. 55000/ crore does not returned back to the RBI, as per the RBI statement. Analyzing this fact right now will be only an speculation and to make it black and white proper investigation is required to find out the right answer of this said amount.
As approx Rs. 55000 crore is dead in the market as black money, this is the monetary success of the demonetisation but this is of least use for a common man.

The real benefit which is visible for almost all the citizen of country is that, prices of the essential commodities are fallen down sharply.

The prices of pulses (Daal) came to Rs. 60 – 80 rupees per kg from 180 rupees per kg before demonetisation.

The prices of property fallen down approximately 35 –40 percent. Now a big section of society can afford to have a property of their own. Where builders keep raising prices of their property are now running behind possible buyers to sell their properties as soon as possible and as cheap as possible.

The daily use vegetables are also available at very cheap prices.

The income tax to the government increased sharply. Now the tax payers population is also increasing.

In near future the tax collection will be considerably high. The tax collection will impact the investment of government for the infrastructure development and for other various welfare schemes.

Now people are feeling and understanding the real impact of demonetisation. People who were participated in this holy work by facing hard times are getting the benefits of their sacrifices, where almost all the essential needs of people are getting cheaper whether its prices of various commodities or property.