MONEY DEMONETISATION - A BIG CYCLONE

On 8th November 2016, our Prime Minister Mr. Narendra Modi announced his new project namely- Money Demonetisation. It is a great step further to eradicate corruption, stop terrorism and to destroy the market of black money prevailing. This project says that the old currency notes would be completely banned and in return new currency would be issued. A time limit is given till then people can exchange their old currency to get the new one. The demonetisation has lead to a riot like situation in the country because people use to stand and wait in long queues to exchange their old currency.

In the early days, when this project was announced, people were facing a lot of troubles to get their regular things done because this change came immediately. People were not having any idea that such kind of thing could have happened.Mainly, senior citizens are facing problems because it is very difficult for them to stand in such long queues for the whole day approximately. But then , yesterday it was told that only senior citizens could exchange their money , thus making it a little more comfortable for them.

This is something which was required to be done at an immediate cost as black money is giving rise to terrorism day by day.Whenever , a change is announced in the country , it comes with its problems too but then this is our Mother India so we should be ready to face some problems because in the end we are the only ones who will be getting the benefit of this new scheme.