Rs 500 & Rs 1000 Note Pulled out from Market -
Issue and Challenges -
1. 84% of txn are moving in Rs 500 & Rs 1000 note challenge is RBI have 100 denomination note in place of 500 and 1000.
2. Major impact on common man which doesn't have sufficient money in home.
3. Micro and medium level trader have facing problem to move daily business without Rs 500 and 1000 note.
4. This two months have marriage season. Common man facing problem to handle financial txn.
5 . Still, Financial inclusion is not complete in India. I.e. Most of people don't have bank account. how to exchange and do other financial activity.
6. Today price of gold has increased due to buy gold in place of big denomination note. It is not clear about to catch high gold txn on jewellery shop.
7. Local trades are running slow due to insufficiency of 100 Rs denomination note.
8. What will happen after 5 yrs of new currency. Can black money will not be pile up in economy again?
2. Major impact on common man which doesn't have sufficient money in home.
3. Micro and medium level trader have facing problem to move daily business without Rs 500 and 1000 note.
4. This two months have marriage season. Common man facing problem to handle financial txn.
5 . Still, Financial inclusion is not complete in India. I.e. Most of people don't have bank account. how to exchange and do other financial activity.
6. Today price of gold has increased due to buy gold in place of big denomination note. It is not clear about to catch high gold txn on jewellery shop.
7. Local trades are running slow due to insufficiency of 100 Rs denomination note.
8. What will happen after 5 yrs of new currency. Can black money will not be pile up in economy again?
Positive Outcomes -
1. High cash will inflow in economy.
2. Black money will be out at some level.
3. Major impact will be on financial terrorism.
4. Inflation in Real estate will be low because major money moves in this sector.
5. Sell of Banking products like Dr and Cr cards, Bank a/c, merchant banking machine will be high.
6. This decision will be push digital banking.
7. Digital txn will be high.
2. Black money will be out at some level.
3. Major impact will be on financial terrorism.
4. Inflation in Real estate will be low because major money moves in this sector.
5. Sell of Banking products like Dr and Cr cards, Bank a/c, merchant banking machine will be high.
6. This decision will be push digital banking.
7. Digital txn will be high.
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