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Updated by jyothi-nagaraja26 on Dec 31, 2016
Headline for Major advantages of Rs. 500 and Rs.1000 Note Ban In India
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Major advantages of Rs. 500 and Rs.1000 Note Ban In India

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.

1

Reduction In Black Money

Reduction In Black Money

At least some black money will be either deposited in the bank or will be burnt out of fear.

2

Reduction In Smuggling and Trafficking

Reduction In Smuggling and Trafficking

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.

3

Real Estate Rates May Come Down

Real Estate Rates May Come Down

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.

4

Fake Currency

Fake Currency

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

5

Bribe money

Bribe money

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.

6

Increase in Indian economy

Increase in Indian economy

The Government gets the chance to clean Indian economy and try to make it less dependent on cash.

7

Exchange with identity proof

Exchange with identity proof

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.

8

Decrease in the Higher Education and Healthcare cost

Decrease in the Higher Education and Healthcare cost

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