A BLINK OF THOUGHT WHEN DEMONETIZATION HAPPENED

A BLINK OF THOUGHT WHEN DEMONETIZATION HAPPENED

            8^th November, 2016, a day to remember in the modern India. DEMONITIZATION announced by Indian prime minister Mr. Narendra Modi which left entire country in dead shock. Forget about understanding of the topic, for more than 90% of the public even the word ‘demonetization’ itself new to them. Media tried to explain people about that new wave in the best possible way.

After understanding a little about demonetization a blink of thought whack my mind. Majority of the black money generates from the tax paid by the tax payers of the country. Government always blames tax payers as they are trying not to pay full tax and trying to manipulate. The problem is a good tax payer doesn’t really bother about paying tax, if all the money paid by him is solely used for the growth of the nation.

Let’s understand how black money generates from tax:

 

Our government has taken a bold step by demonetizing the then existed currency with a view to reduce the black money. It is not that corruption ends here, people may find different means to do the corruption, and then legalizing the black money. So, this step may not have the long-lasting impact towards prevention of corruption because even our thoughts are corrupted.

            Government is making strict and stringent rules to arrest the corruption, but barely anything is working at all. Despite making these kinds of measures, if government try to change the mindsets of people to be better citizens, then change may come. If people minds don’t change, then any kind of strict rule won’t make any impact. It should start from government officials; they should be true to the common public and set an example to them.

            After more than 3 and a half years of demonetization, I haven’t found any difference.