Let us over see the cons and support the decision made by the government of India. This change has created a history. Accepting this positively, we can create a better future for the country.
At least some black money will be either deposited in the bank or will be burnt out of fear.
Anyone can assume that smuggling, trafficking, and drug racquets must have been using these notes and it will be near to impossible for these criminals to convert money into white.
Down It is not a hidden truth that most of the unaccounted and black money were being used in buying real estate properties and once cash is out of the market, prices may come down as demand will reduce.
Fake Currency goes out of the market with immediate effect. This was mostly supplied from our neighboring countries and was used in Drug smuggling and Terrorist activities
A hard hit on corruption as it will be impossible to bribe in Rs. 100 note. It is only a matter of time when Rs. 2000 will be used in bribe money.
The Government gets the chance to clean Indian economy and try to make it less dependent on cash.
It will be easy for the Government to track the money being exchanged as exchange can only be done by producing a valid government identity cards like PAN, Aadhaar and Election Card from 10 to 24 November with a daily limit of Rs 4000.
It will help the common man by putting an end to the artificial increase in Higher Education and Healthcare transactions bringing them within the reach of the common man