Positive Effects of Demonetization of Rs. 500 and 1000 Notes: Beyond conception of Narendra Modi

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Mohan Das Karamchand Gandhi is back in a new Avatar....!!! This Time Liberating India from black money Hoarders..!!!

Great Move!!! Cleaning the economy from domestic black money hoarders in a single shot !! Great job !! But there will be more positive bubble effects on the Indian economy, though assumed to be a short lived phenomenon, but surely it will make the government feel good:

Monetory distribution will be Rationalized:

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Poor people, are with a sudden burst going to be richer, as the black money hoarders are going to approach these people to convert their black money into white, by depositing in their Jandhan Accounts and taking back cash from them after deducting a small amount, to be paid to these people.

Jandhan Programme is going to be a further hit.

New Green Revolution:

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Income from agricultural produce are eligible for rebate under Income Tax Act, More people who qualify as agriculturists show their income coming from this source, though only from Income Tax perspective, but stage is set for a new Green Revolution in the country.

Altruistic motives will Pervade the hearts of the people: 

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Suddenly people in India will start thinking about social motives, there will be more donations in public trust and companies u/s 8 of Companies Act, as donations qualify for income tax rebate.

Intellectual Revolution: 

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India is going to be smarter, investments in Scientific research for public purposes will  be on boom this year, for the same reason, rebate

Software Exports will be on Rise:

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Same reason rebate.

Real Estate Prices Will be Rationalized:

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Because of suction of black money from the market, and applying the principles of demand and supply, and based on the fact that real estate is the largest sector accounting for black money, Real Estate prices will go down. Good for the common Indian, It is likely to effect other commodities as well.

  And there are plenty of other positive effects that can be listed, which will make the Indian Economy, appear to be boosted, but beyond reality.

I would like to congratulate Shri Narendra Modi, for taking this great step, but more emphasis on revolutionizing and creating an error free monitoring system is required.

Jai Shri Krishna!!!!

Thank You!!!! 

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