PM Modi decision to ban 500 and 1000 denomination currency as legal tender is being hailed across the wide spectrum of people. It is no doubt that this is the bold decision taken by any Indian prime minister (only after the decision of imposing emergency by Late Smt Indira Gandhi) whose decision has made many people sweat to their bottom. While many are hailing the decision to ban few are objecting it too.
Fast forward, leaving the short-term picture aside,
- What could be the long-term implication of demonetization?
- Is it right to increase the denomination from 1000 to 2000, when maximum denomination value is only $100?
- How far can we move with this decision to curb corruption?
- What about the people who have stashed their corrupt fortune abroad?
Have a constructive debate and offer the plausible solution to the above question.