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Modi's Utter Flop Show with Demonetization

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Demonetization an Utter Flop Show

Modi's Demonetization Turns Super Flop
Modi's Demonetization Turns Super Flop

The primary objectives of Demonetization curbing the black money and to choke funding channels to terrorist activities, haven't got fulfilled. Instead, extreme disorder and collapse of every sector has been noticed. 

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RBI officials declared that a total of 14.6 lakh crores of currency notes were in circulation prior to the Demonetization came into force. Until yesterday, 9.85 lakh crores old higher denominations were rolled back to the banks. If at all the trend gets continued until 30th of December, which is the deadline to deposit old currency in banks, the total number of currency notes would be safely deposited in banks. 

In such case, where does the black money in India lie? Eventually, it can easily be learnt that the primary goal of curbing black money hasn't got achieved. In fact, most of the target people invested their money in real estate, gold and shares. 

As such, Modi's Demonetization decision has become an utter flop show. Unfortunately, common people grew sufferers. The death toll in the queues outside banks and ATMs reached close to 100. On the other side, Modi is busy delivering cinematic and dramatic speeches in public meets. He called himself a 'Fakir' yesterday. But who cares, whether he is a rich or fakir! He should stop boasting about himself and should pay heed the sufferings of the people.