Demonetisation of 500 & 1000 rupee notes

Generally, it has been appreciated by one and all, except some opposition leaders. Though its negative way of boost, but overall results will be positive in long run.

CARE’s View :::

In spite of the initial hiccups and disruptions in the system, eventually this change will be well assimilated and will prove positive for the economy in the long run.

 Black money hoarders will definitely lose out, eventually boosting the formal economy in the long run.

Short term fall in real estate prices might benefit middle class citizens.

This move by the Government along with the implementation of the GST will eventually make the system more accountable and efficient.