Modi's daring decision to Demonetize Rs. 500 and Rs. 1000 Notes from the 9th N0v. has stunned All Indians and the World, which will drastically reduce Black Money, Crimes, Corruption, Terrorism but increase Tax Revenue, Bank Deposits, Progress and Prestige! Soon there were panic, confusion resulting in from 11th Nov. long queues at banks and ATMs to change old notes for the new RS. 2000 Notes. For the last 3 weks banks are open up to late night, still there were chaos and despair as there were not enough new notes, so many ATMs not working, also there were limit of say RS.4000 and later Rs.2000. Besides, Men and Women stoond in rows from early morning, to withdraw notes to pay for school fees, Wedding Expenses, day-to-day expenses but Notes exhausted in ATMs! Also small shops have suffered as no sales! Govt. should have printed enough even Rs. 500 New Notes and should have Organized better! This Chaos will last for some more months.
Despite all this, Modi was much commended by the World Media and Leaders IMF, EU and world Bank Hailed Narendra Modi as a Savior! World bank President said he is Fan of Modi! Forbes said in an article that Modi's Initiative is working and Bank Deposits are swelling to $30 billion in Rupees and still rising, Also Tax Revenue is also coming in fast! New York Times called it a Wise Move while Washington Post called his plan an Ambitious one and said he kept his Election Vow against Black Money! Bloomberg quoted American Journal UBS group AG saying Australia should also follow Modi in High Denomination Notes.
Bill Gates and Mukesh Ambani also praised Modi and stressed that in a few years India will be a leadjng Digital Nation! God Bless India!
Upendra Kapadia
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