Black money is often invested in land, gold and deposited in tax havens such as Switzerland. This sudden announcement has certainly led to chaos and confusion all over the country. It would have been ideal to announce the date of demonetisation in advance, as was done in 2014 regarding notes printed before 2005. This would have saved the common man from the chaos inflicted upon him. The demonetisation move might, at first glance, appear to be a good way to control black money and crack down on fake notes but it is hindering people’s day-to-day lives. The rich and powerful people, whose money is stashed away in tax havens, are living a hassle-free life while the common man/woman like you and me are suffering. What has Modi done for the country ever since he became the prime minister? He has banned beef from the country. He has also passed a law that those consuming or possessing cow’s meat will be fined heavily and imprisoned. Modi is not doing the right thing by harassing the common man.
(The views expressed by the author in the article are his/her own.)