Well as we know that every topic has its pros and cons n this topic should be discuss by all the students n specially who hve taken economics subject we cannot forget to discuss about this topic bcz this act has caused a great change in the countrys economical situation.As everyone knows the benefits of demonetisation like to eliminate black money which is its main motive, eradicate counterfeit currency, combat inflation and many other reasons... Bt this act also hve many adverse effects n when I look to these effects it makes me think abt it n i think that the government should take steps to solve this problem. It causes difficulty in cash transaction for half of the population who r nt versed with card transaction, difficulty in implementation, corruption n fraud instead of decrease it is still increasing the misuse of Jan dhan account to exchange black money has been revealed and there is also huge loss to the daily wage earners. so acc to me i see demonstration as a whole was taken a very fast step bt this fast step create a lot of problems to the normal people bt we know that to start anything new we always face some difficulties so just hope for the best that this act (demonetisation) will bring some positive change in our economy bt this can be possible when government also think for the same... N lets look what it will happen in the next few years bcz of this act

Surely it is going to be good in the long run. Unpreparedness on the banks side to meet cash requirement is very much understandable because govt didn't inform them in advance to maintain very close secrecy before this announcement. If secrecy is not maintained, whole exercise of demonetisation becomes useless. So, this is some minor pain we have to bear to implement this step which is good for the nation in the long term. This is nothing but a war on black money hoarders. Imagine how much pain we have to bear when it is a real war on the border. We should feel happy to be participant in this revolutionary transformation process.