Demonetization is a historic decision ......

Delhi At 8 o'clock on the night of 8 November, Prime Minister Narendra Modi took a historic decision, as the monopoly which is also called the banquet. In one stroke, the notes of 500 and 1000 rupees from the midnight of November 8 were declared invalid. This decision of PM Modi remained stunned the whole world. Everyone thought how it is possible! How will people change notes in the banks or submit them! How people will spend everyday!

But on the appeal of Prime Minister Modi to bear the shortcomings for 50 days, the people of the country stood in queue outside the banks to change their old 500 and 1000 rupees notes. And this historical decision of PM Modi and the confidence of the public on his every word has been that despite the provocation of the opponents, in spite of the lack of currency in any corner of the country, there was neither violence nor any ruckus. The process of filing of nomination was done in a very peaceful manner. For which the Prime Minister thanked the countrymen before the start of the new year on the night of 31 December.

But today, when Vimudrification is going to be completed one year, the question arises, in keeping with the kurtis in the country and taking note of hardships, the Prime Minister Modi took such a difficult decision, how successful was it?

Let me tell you, there were several motives behind taking decisions of the monarchy of Prime Minister Narendra Modi, in which

1. Detection of black money

2. Cleanliness drive in the financial system

3. Terror - injuring naxal fishing

4. Creating a Les Cash Society, promoting Digital Transaction

5. Increasing the number of taxpayers by bringing more people to tax

6. Reduce interest rates of banks

7. Reduce the prices of real estate

8. Reduce the circulation of high value denomination notes

9. Crack over counterfeit notes

10. Bringing the unorganized sector to the mainstream of the economy

So the question arises, is the verdict that took the decision on whether the Modi government was able to achieve these goals??

According to RBI, 99 per cent old notes were deposited in banks after the ban was announced. However, the people of black fashions assumed that putting money into the banking system became white. This was his biggest mistake. However, the opposition played a key role in creating this parasepation. But 99 per cent of the money has become easy for the Government and the Income Tax Department. The entire accounting was prepared for those who provided the black money through data mining. 18 lakh people were identified through data mining, who had deposited more than Rs. 5 lakhs in their bank accounts. Where these 18 lakh people came from such cash, they did not mix with the income stated in their income tax returns. Many people did not even file income tax returns despite earning so much. 23.22 lakh deposited in bank accounts Checking the tax department for 68 lakh crore rupees. Banks and financial institutions have reported that there are 4.7 lakh Cash Transactions which are suspicious. About 1.5 lakh people deposited 5 lakh crores in the bank, which is one-third of the total deposit. On average, every person has deposited Rs. 3.32 crores. That means 0.00011% of the population deposited 33% of the money in the banks. At the same time, Rs. 16,000 crore in the Rs. 15.44 lakh crore notes of Rs. 500 and 1000 rupees did not return to the system.

Conclusion

Due to the ban on blackmailers, the people who used to be blackmailed were forced to come forward. Have had Who had been earning black money by stealing tax for years.