Demonetization alludes to stopping of current cash units and ejecting those money units with new coin units. It is an outstanding choice and it impacts every one of the subjects of the nation in light of the fact that overnight all the cash you have turned into a bit of paper which has no esteem on the off chance that you don’t trade it with new coin units or store it in the banks.
Advantages of Demonetization
- The greatest favorable position of demonetization is that it helps the assembly to track individuals who are having substantial gross of unaccounted money or money on which no wage assess has been paid in light of the fact that many individuals who acquire black money keep that cash as trade out their homes or in some riddle put which is extremely hard to discover and when demonetization happens all that money is of no esteem and such individuals have two alternatives one is to store the cash in financial balances and pay imposes on such sum and second choice is to let the estimation of that money diminished to zero.
- Since dark cash is utilized for immoral exercises like fear based oppression subsidizing, betting, government elusion furthermore blowing up the cost of real resources classes like land, gold and because of demonetization all such exercises will get reduce for quite a while furthermore it will take years for individuals to create that measure of black money again and subsequently in a way it helps in putting an end this hover of individuals doing unlawful exercises to gain black money and utilizing that black money to accomplish more immoral exercises..
Positives:
- E-commerce and Fintech
1) Payment gateways
2) Cards
3) Mobile wallets
4) Online retail
5) Net and payment banks
6) e-marketplace
Negatives:
- Agriculture
- Luxury goods
- Real Estate
- Commodities
- Traditional Retail
There is no problem to those who know how to do online payments and swapping cards on shops like super markets etc. And it has been noticed that there is no negative effect on e-commerce companies like gifting company’s winni celebrate relations. So for those who wants to send gifts, cake and flowers no need to worry for them because winni gives you all kinds of flowers variety in Bangalore. One can send and order flowers in Bangalore very easily and quick on time delivery option is also available as we all know traffic is a huge problem so there is a need to send flowers to Bangalore.