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They are living their life as usual they were living earlier. Loss was with the middle class people and poor people leaving their work. Wasted their time in lines and their financial status got disturbed because of no money in the market.
On
November 8th 2015, Our Prime minister Shri Narendra Modi announced
that 500 rupee note and 1000 rupee note stopped circulating in the market of
India. For an interval of time these notes got exchanged by the people with lot
of rush in the banks old age people with the sickness standing in the lines of
bank with their prior savings. Standing for the day long they got tired and
spent hold a whole day in just crawling in lines of the bank. This only
happened with the poor people and middle class people who runs small business.
What happen to the rich people who are the
main reason for the firm step of demonetization?
The
rich people have good connections and the market with employee in bank. They
gave remittances to the bank employee and exchange their 500 and 1000 rupee
note without facing any problem.
They are living their life as usual they were living earlier. Loss was with the middle class people and poor people leaving their work. Wasted their time in lines and their financial status got disturbed because of no money in the market.
Indian
economy also felled down as because of shortage of money in the market. Because
of demonetization rich peoples get richer day-by-day and poor people got poorer.
Harsh Teotia
Class - 12th D
Dayanand House
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