Issues in India

DEMONETIZATION OF 500 & 1000 RUPEE NOTES: Does this decision worth a penny or much more? In recent move to reform Indian economy GOI demonetized 500 and 1000 rupee notes. Lot of discussion is going on in this regard, lot of debates are being performed by Indian media. In which questions are being raised by everyone those are, Does this action is really worth the pain taken by common man? And why should common man suffer this pain? Was it harsh decision taken in hurry without proper management? Can black money wiped out with this move? First, India has circulated more than required cash in the market in past few decades. This enabled people to perform their transaction through cash, making it impossible to trace. Also excess cash pushed inflation and formed spiral relation with it. There was one more thing which gave sleepless nights to RBI, counterfeit notes. Now there were many measures to tackle this problem and demonetization was one of them which were mulled by eco