Tuesday, Jan 07, 2025 | Last Update : 05:26 PM IST
While we understand that it is absolutely inconvenient to stand in long queues in Banks and ATMs, we must also understand that the step to demonetize has been taken in the bigger interest of the nation and the benefits will soon start showing. Here are some of the immediate effects of Demonetization in India
1. Maoists hit
2. No stone-pelting in J&K
3. Burning schools stopped in J&K
4. Corrupts burning cash
5. Arhar dal crashes to Rs.80/kg in UP
6. Kirana shops/Panwalas installing debit card machines
7.Municipalities making record recoveries of house tax
8. Bijli companies making huge record recoveries of past arrears
9. Medicine shops making big sales
10. Delhi Metro smart cards sales increase
11. Many businessmen recovering past dues as old as 4 years and getting advance for new orders
12. Huge opportunities for mobile wallets
13. Banks plush with funds.Rs.3 lakh crore banked in 4 days!!! Cost of funds reduced for banks
14. Labourers paid Dihadi for standing in queues
15. All property deals involving black money in jeopardy.Bayana in jeopardy
16. Property prices come down by 25%
17. Democracy deepened. All castes/creeds standing in same queue.
18. Fake currency rackets hit
19. Political parties spends in Punjab/UP hit
20. Najeeb Is suddenly Found & OROP is well
21. Rs.2000 notes will cut currency printing costs for Govt
22. Notes burnt by corrupts will reduce fiscal deficit as liability cancelled
23. ATMs to be reprogrammed. Business opportunities for software firms
24. Drug peddlers in Punjab hit
25. IT raids unearthing black money
26. Cops detecting /unearthing hug cash in nakabandi
27. Public not wasting time on unimportant things. Facing real life !!!
28. Havala has come to a stand-still
29. Betting, Satta industry hit badly
30. Great precedent set-political leader takes hard decision benefiting nation not bothering about his political costs
31. People realize there can be a selfless politician.
32. People willing to bear short-term pains for long-term gains
33. Demands in other countries (Pakistan/Australia) to emulate India's step. India again on way to regaining Vishwaguru
34. Message sent to the world that despite being a large diversified democracy India can take tough decisions and same well-received by people
35. Case study in strategic decision-making.
Don't tinker. Aim big. One stone, many birds.
...