Demonetization involves ending an old currency unit to replace it with a new one, primarily aimed at combatting black money and reducing cash circulation related to corruption in India. Key stakeholders believe it will help curb illegal financial activities, although it poses challenges for those with unaccounted cash. The move has caused significant market reactions, including a sharp decline in the stock market and increased gold prices.

2. •Dictionary meaning of demonetisation is to
end something.
•Demonetization is the synonym of
demonetisation.
Demonetization is necessary whenever there a
change of national currency. The old unit of
currency must be retired and replaced with a new
currency unit.

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4. To tackle Black money in the Economy its around.
(5 lakh crore)
To lower the cash circulation in the country which is
directly related to corruption in our country.
To Eliminate fake currency & dodgy funds which have
been used by terror groups to funds terrorism in INDIA.
To Bring Plastic Money in the Economy
To give a direction to CREDIT CARDS, DEBIT CARDS,
and e-Payments and other Net transaction

5. Not the Honest Taxpayers . Even if you have
lakhs of money as Cash with you and you can
Prove its legitimacy, you don’t need to worry.
The surprise move by government is a disaster
for people who have accumulated lakhs and
crores of unaccounted cash under their pillows
and mattressess. The winter is coming and these
worthless pieces of paper can provide the
corrupt some ephemeral warmth.

6. Almost all the Stalwarts of the banking sector including
Deepak Parekh, Chandaa Kocchar think that the move will
help curb black money in economy.
According to MD & CEO, ICICI Bank Chanda Kochhar who
told ET Now, “this move will definitely bring about a whole
amount of transaction to cash or low cash kind of
transactions”.
“A parallel black economy will collapse”, one of the Leading
lawyers in taxation laws, Harish Salve told ET Now
Narayana Murthy, founder of the Infosys, welcomed the
government move in its fight against corruption. Murthy also
added that “the dishonest will have to suffer, absolutely that
is right thing”.

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QUOTING OF PAN IS MANDATORY

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9. BSE Sensex opened with a
massive loss of 1300 points.
Value buying opportunity.
Luxury goods market is likely to
get affected .
Gold price rises.
Real Estate sector is the biggest
receiver of Black Money.

10. Exchanges
Deposits
Cash Withdrawals at Bank Branches
ATM Withdrawals
Special Provisions for Farmers & Traders buying Agricultural
Products
Special Provisions for Weddings
Special Provisions for GROUP ‘C’ & Other Employees
e-Payments

13. We support Demonetization............