Know About India’s 14th President – Ram Nath Kovind.

The ruling party NDA with Narendra Modi being the Prime Minister of India after several discussions with oppositions and alliance parties laid rest to all speculations as the BJP Parliamentary Board  decided to name Ram Nath Kovind as the President candidate. The announcement of his name was quite similar to the naming of Yogi Adityanath as the Chief Minister of the Uttar Pradesh which came out nowhere being seen in the race for it.

The biggest political party up against BJP, INC disclosed their presidential candidate almost a week later naming Meira Kumar to be their face for the current presidential elections.

Who is Ram Nath Kovind?

Former Bihar governor Ramnath Kovind on 20thJuly,2017 was elected as the 14th President of India.The NDA’s presidential candidate won with over 7 lakh votes against Opposition candidate Meira Kumar.

Kovind, 71, is a Dalit leader and will take oath as the 14th President of India on 25th July,2017. Kovind was born on October 1, 1945 in Uttar Pradesh’s Kanpur Dehat district. He came from a modest background and worked his way from the ground to the top of the political pyramid. He married Savita Kovind on 30th May, 1974. They have one son and a daughter.

Kovind is a lawyer by training. He attained his B.Com and LLB degrees from Kanpur University and had a successful career as a practicing lawyer. He served as the Central Government’s advocate in Delhi High Court between 1977 and 1979. He was also standing counsel in Supreme Court between 1980 and 1993. He was made Advocate-on-Record at the apex court in 1978 and continued his legal practice at the Delhi High Court and Supreme Court till 1993.

Kovind held key positions in parliamentary committees during his 12-year stint as a lawmaker. Besides serving as the Chairman of Rajya Sabha House Committee, he was member of Parliamentary Committees on Welfare of Scheduled Castes/Tribes; Home Affairs; Petroleum and Natural Gas; Social Justice and Empowerment; Law and Justice.

Kovind’s Political Career

Ram Nath Kovind joined the BJP in 1991.He donated his ancestral home in Derapur to the RSS.Kovind had served as the head of the Bharatiya Janata Party’s SC and ST wings and served two terms in Rajya Sabha–1994-2000 and 2000- 2006. He has also been the national spokesperson of the BJP.

A distinguished statesman and orator, Kovind has addressed the United Nations as India’s representative in 2002. Between 1977 & 1978, he also served as the personal assistant of Prime Minister of India Morarji Desai.

After his tenure in the Rajya Sabha, he was sworn-in as the 36th Governor of Bihar in August 2015. He was sent to Bihar ahead of the assembly elections. As Governor, he was praised for constituting a judicial commission to investigate irregularities in promotion of undeserving teachers, mis-management of funds and appointment of undeserving candidates in universities.

Challenges For The President

Challenge for the 2nd Dalit President Kovind is to match the political acumen, assertion and independent nature of K.R.Narayanan who was the first dalit President of India eleted in 1997.  Narayanan was one of the most assertive presidents of the country who upheld constitutional values to the core. At the outset, he was the first president who exercised his franchise by standing in a queue like an ordinary citizen of the country. This can be considered as a revolutionary step in democratic politics, because presidents before him feared to be dubbed as partisan.

The  particular challenge for Kovind is to cushion the pain and agony of Dalits, who have been suffering for the past three years. How will he restore the lost pride of the Dalits? Moreover, will he be able to succeed in making reforms for their effective representation in different institutions of government if he becomes president of India?

How To Crack JEE-Mains?Top 10 Strategies to Crack JEE-Mains Exam.

 

I’m a student of Non-Medical and I want to get good score and crack  my entrance exam – JEE-Mains. I want to know the tips and strategies to score in the exam.

10 Tips To Crack JEE-Mains

As the Joint Entrance Examination (JEE) is around the corner, aspirants are gearing up their preparations.  They should focus on building a strong and solid foundation of scientific and technical knowledge. For JEE-Advanced, first a student must qualify the JEE (Main) exam with a good score. From 2017 onwards, the 12th board exams wouldn’t be taken into the consideration. Lakhs of students apply and appear for JEE-Mains exam but only 10% are able to qualify but you just need a well planned strategy to qualify this exam. Always remember –   Believe You Can Do It!

   1.Start Early

A student keen to crack the JEE exam, should start early preparation, preferably from Class XI onwards. Right from the beginning, a student should put in adequate efforts to prepare for the exam. Apart from an early start, the basics and fundamentals should be strong enough to crack an easy or a difficult question.  One should start preparing for the exam just after the 10th Exams over , you don’t have much time, so try to utilise that time.

   2.A well-prepared subject-wise chart

A student can do well in the JEE (Main) exam, if he/she has a thorough grasp of the concepts. However, for JEE (Advanced), comprehension, reasoning and analytical ability, skills are required to solve problems. Students should give ample importance to three subjects- Physics, Chemistry and Mathematics-and get all the fundamentals right in Class XI and XII itself. All the three subjects are equally important so one should devote equal time to these three. Study table for each subject and it’s topics should be listed and prepared.

   3.Know the exam

Before starting your preparations, it is essential to understand the format of the exam, type of questions, level of difficulty, marking patterns, eligibility, syllabus etc. This will help you to have a focused approach towards the exam. JEE-Mains examination is a 90 Multiple Choice Questions. The paper is divided into 3 sections ( Physics / Chemistry / Mathematics ) with 30 questions each. The duration of the examination is 3 hours which means you will have approximately around 90 seconds to attempt each question.

    4.Time Management

The time duration of the exam is three hours and with multiple choice questions and negative marking, managing time and speed is very important, which will come over time and with practice. Time management is one of the most important factors responsible for good marks.

DON’T make the same mistake others are doing. This can be your edge for gaining above everyone else. Manage your time to get the best results possible. Time can make or break your result. There is no better time to start than from NOW. If you have only 2-3 months left to prepare for your exams, then don’t join or continue any coaching or tuition lessons. This time is only for self-study and revising all the notes you have prepared so far.

   5.Solve Sample Papers and Previous Year Question Papers

When one is done with preparation and has done all the chapters, the most important thing is to solve the previous year question papers and sample papers that come pre JEE-Mains examination around 2-3 months before exam dated. Another way is while you have done 1 chapter go through all the questions asked related to it in the last few years. In market you will easily find books with chapterwise questions asked in JEE-Mains. Atleast solve 10 previous year question papers as it helps you get an idea about the level of questions and some what pattern of the question paper. Solving Sample papers and previous year question papers helps you with a quite great question bank and practice and analyze you how well you are prepared.

   6.Track progress

You need to periodically solve mock test papers and monitor your progress. This will help to identify your weak areas and concentrate on improving your speed and accuracy. If you are following the tip#5  then tip#6 goes hand in hand as it is really necessary to figure out your accuracy,  speed and the areas where you need to work much harder.

  7.Relax and meditate:

Usually as the time passes by and the exam approaches the student undergoes lots of emotions in forms of anxieties or depressions feeling low at times, in need of motivation, tired, in need of break. Learning meditation, yoga, or any other form of relaxation techniques as it suits you. Such techniques have a stress relieving effect and help you have a higher degree of concentration. One might get exhausted preparing for the exam but yoga and meditation will definitely help you in getting positive energy and refreshing you, your mind and your soul.

   8.Revise thoroughly and take breaks

Do not get complacent with your mock test results. Revise thoroughly and take short breaks at regular intervals, re-energize yourself and start again. Scoring good in mock tests or sample question papers or previous year question papers does not mean you know everything. Never get over confident about anything. Stay positive and just be confident.

    9.In depth Analysis of selected topics

Analysis of everything you do is must. It will give you an idea about your weaknesses and strengths. If you have to crack JEE-Mains, It is the most important thing to do, so that the selected topics are bulletproof! You need to take analyse your performance and topics on which you need to work harder. Analyzing a topic would help you to make a good total.

    10. During The Exam Time

Just before exam begins , be calm and stay positive don’t let your anxieties or nervousness take over you. Revising concepts would be great only if it does not burdens you or puts any sort of pressure. When the exam begins take care of time. Set your watch as per the examination hall time. Always read the instructions given at the front page of the question paper. Since, it’s MCQ’s carefully fill the option in your OMR sheet and circle it darkly and properly because the computer scans the answer sheet and accordingly your answers world be evaluated. In case you don’t properly shade your answer you might not get reward for an answer that was supposed to be correct. Since it’s 90 questions you won’t have enough time to cross check and solve. It is better either to tick the questions you have attempted or encircling the un-attempted questions.

You may get stuck on some questions, but don’t waste too much of your time on a single question. If you don’t know a particular question’s answer, skip that question and attempt that question later.

After you have completed your exam, if time left utilize it in solving un-attempted questions.

Cracking JEE-Mains exam is not an easy task. You will have to work hard and try to follow and implement all the above tips for getting better results. 

 

And always remember!

Toppers don’t do different things, they do things differently

 All the best for JEE-Mains exam. 

 

If anyone needs tips or help with board exams visit

Top 10 Strategies to Score More than 90% Marks in 12th Board Exams

5 Places To Take Real College Courses For Free. Why Pay? When It’s Free!

 

There is a wide range of college courses and some of these courses are available online at such a high cost, a cost which not everyone can afford but these are the top online websites that offer college courses for free. They do not charge you with any money for doing a course, it’s all free.

1.Coursera

coursera.org

Coursera provides universal access to the world’s best education, partnering with top universities and organizations to offer courses online.Hundreds of Specializations and courses in business, computer science, data science, and more. Every course on Coursera is taught by top instructors from the world’s best universities and educational institutions. Courses include recorded video lectures, auto-graded and peer-reviewed assignments, and community discussion forums. When you complete a course, you’ll receive a sharable electronic Course Certificate.

Coursera offers various courses in almost all sorts of fields such as the Data Sciences , business , Computer Science, Social Sciences etc. You find the high paid courses such as PYTHON on Coursera just for 0$.

Click here to visit Coursera

 

2.MIT OPEN CourseWare

OCW.MIT.edu

OCW makes the materials used in the teaching of MIT’s subjects available on the Web. MIT stands for MASSACHUSETTS INSTITUTE OF TECHNOLOGY

As per the MIT Open CourseWare: “The idea is simple: to publish all of our course materials online and make them widely available to everyone.”
Dick K.P. Yue, Professor, MIT School of Engineering.

As per their site traffic a few most visited courses were

  • Linear Algebra
  • Introduction To Algorithms
  • Introduction To Computer Science And Programming
  • Artificial Intelligence

MIT OpenCourseWare (OCW) is a web-based publication of virtually all MIT   course content. OCW is open and available to the world and is a permanent MIT activity. MIT aims at Unlocking knowledge and Empowering Minds.

Click here to visit MIT Open CourseWare

3. Open Yale Courses

OYC.Yale.edu

Open Yale Courses provides free and open access to a selection of introductory courses taught by distinguished teachers and scholars at Yale University. The aim of the project is to expand access to educational materials for all who wish to learn.

All lectures were recorded in the Yale College classroom and are available in video, audio, and text transcript formats. Anyone can watch them anywhere. Registration is not required. No course credit, degree, or certificate is available through the Open Yale Courses website. However, courses for Yale College credit are offered online through Yale Summer Online including OYC professors John Rogers and Craig Wright. Here you can discover a wide range of timely and timeless topics taught by Yale professors, each with a unique perspective and an individual interpretation of a particular field of study.

The lectures are available as downloadable videos, and an audio-only version is also offered.

A few of the courses popular on this website are

  • Economics
  • Chemistry
  • Biology

Click here to visit Yale Open CourseWare

4.John Hopkins Open Courses

OCW.JHSPH.edu

OCW makes JHSPH course materials used in the teaching of actual courses freely and openly available on the Web. You may share and adapt the materials on OCW under the terms of the Creative Commons Attribution-NonCommercial-ShareAlike license.

JHSPH Online Courses involve the active exchange of information between faculty and students, assessment opportunities, and verification of learning outcomes. Furthermore, academic credit is awarded for successful completion of JHSPH Online Courses. To explore JHSPH Online Courses, visit http://distance.jhsph.edu/.

JHSPH OCW is not meant to replace degree-granting higher education or for-credit courses. Rather, the goal is to freely and openly provide the content that supports an education.

JHSPH OCW is not a credit- or degree-granting initiative, there is no registration process required for users to view course materials. JHSPH OCW is a publication of the course materials that support the dynamic classroom interactions of a JHSPH education.

Some of the courses available on this website are:

  • Biostatistics
  • Environmental Health Sciences
  • Epidemiology
  • Health Policy & Management
  • International Health
  • Mental Health
  • Molecular Microbiology & Immunology
  • Population, Family & Reproductive Health

Click here to visit John Hopkins Open CourseWare

5. Oxford Math Open Courseware

maths.ox.ac.uk/courses

Mathematics in Oxford embraces this power and diversity by combining its pure and applied mathematicians in one department and one building, ensuring collaborations both within and beyond Oxford. We have over 850 undergraduates, more than 350 masters and doctoral postgraduate students, and over 170 faculty, research fellows and postdoctoral researchers studying and working across all fields of mathematics from Number Theory to understanding the mechanics of the human brain.

Here you will find information about studying mathematics at Oxford. Our undergraduate courses offer a rigorous and challenging curriculum across the whole range of the mathematical sciences. Our postgraduate courses bring depth in specialised areas and our postgraduate research students work to push back the frontiers of mathematical knowledge.

The admissions process is in two stages: an aptitude test, open to all candidates and taken at your school or test centre, followed by interviews for shortlisted candidates.

Click here to visit Oxford Math Open CourseWare

 

 

Top 10 Most Anticipated Hollywood Movies Of 2017 : Movies To Look Out For

Hollywood movies in 2016 had a great business year. The Hollywood movies such as The Captain America: Civil War did extremely well at the screens. At the same time, many films failed to impress the audience. For instance, Batman vs Superman: The Dawn of Justice or Suicide Squad which were among the most anticipated movies of 2016 failed to do well.

These mentioned Hollywood movies are worth geeking out about, and they will get all the attention they deserve when they roll around – just not in this list. Nonetheless, a diverse array of dramas, comedies, and possible franchise-starters are also set to debut in the coming months.

The top 10 most anticipated Hollywood movies of 2017 are:

 

1.Logan(March 3)

Another Marvel movie: Logan is an upcoming American superhero film featuring the Marvel  Comics character The Wolverine. The distributer of the film is 20Th Century Fox. James Mangold is the director of this movie. Hugh Jackman plays the Logan

Top 10 most anticipated Hollywood movies of 2017: A must watch | Shubhideas
Click here for trailer

2.Beauty and the Beast (March 17)

An American romantic fantasy musical film is what this Hollywood movie is all about. The live-action adaptation of Disney’s animated classic “Beauty and the Beast,” a stunning, cinematic event celebrating one of the most beloved tales ever told. Emma Watson plays the lead role of a character named Belle. The beast role is played by Dan Stevens. The story goes how Belle gets kidnapped by the Beast but the witch named Gaston wants to kill her by herself and the story goes on.

Top 10 most anticipated Hollywood movies of 2017 | A must watch
Click here for trailer

3.The Fate of the Furious (April 14)

The eighth (and certainly not final) entry in the sprawling cinematic franchise that has morphed from entertaining car-racing drama into an arcane, colorful, generation-defining series of high-wire spy capers. After bidding a sad goodbye to Brian (the late Paul Walker) in Furious 7. Fate is charting darker territory, with hero Dom Toretto (Vin Diesel) seemingly turning to evil thanks to a new character, Cipher (Charlize Theron). One imagines that all is not as it seems.

Top 10 most anticipated Hollywood movies of 2017: A must watch | Shubhideas
Click here for trailer

4.Guardians of the Galaxy Vol. 2 (May 5)

Marvel movies in 2017 returns to the intergalactic fun . Sequel to the Guardians of the Galaxy  Vol. 1 which came in 2014 and has an IMDB rating of 8.1/10. In the end the Xendar empire is saved by Starlord, Gamora, Drax, Rocket and Groot as a team when they defeat Ronan – heir to the KREE empire ruler Thonas. One at the end discovers that it might be that Starlord isn’t a human . Starlord is son of some alien.  The sequel might have something to deal with Starlord’s father and infinity stones. Also, Groot (played by Vin Diesel) is a little baby tree now, and if you aren’t sick of seeing him in teasers yet, you will be.

 

Top 10 most anticipated Hollywood movies of 2017: A must watch | Shubhideas
Click here for trailer

5.Alien: Covenant (May 19)

The most awaited horror movie of the year Alien : Covenant. After largely baffling audiences with Prometheus, his 2012 quasi-prequel to Alien, Ridley Scott seems to have returned to more conventional territory with Covenant, another adventure set before his 1979 sci-fi horror classic. It’s about a spaceship that stumbles on some weird eggs on a mysterious planet and then gets terrorized by an alien. Sound familiar?

 

Top 10 most anticipated Hollywood movies of 2017: A must watch | Shubhideas
Click here for trailer

6.JUSTICE LEAGUE( November 17 )

Superman (Henry Cavill), Batman (Ben Affleck), Wonder Woman (Gal Gadot), Aquaman (Jason Momoa), The Flash (Ezra Miller), and the mysterious Cyborg (Ray Fisher) unite to battle evil as DC Comics’ famed super-team. Zack Snyder directs from a screenplay by Chris Terrio (Argo). Based on the character of D.C. comics, it is among the most awaited Hollywood movies.

Top 10 most anticipated Hollywood movies of 2017: A must watch | Shubhideas
Click here for trailer

7.Wonder Woman( JUNE 2)

Surely, it is one of the most awaited hollywood DC Comics movie. Last year we saw her fighting alongside Batman and Superman. After decades of attempts, the famed Amazon warrior, certainly the most iconic female comic-book superhero, is finally getting her own movie, directed by Patty Jenkins (Monster) and starring Gal Gadot who would be seen playing as The Wonder Woman. A period piece, the film will explain how Wonder Woman ended up in the modern world, departing her home island to fight in World War I alongside her love interest Steve Trevor (Chris Pine). In the last year movie one finds her photograph with the army soldiers during World War and she still looks the same. The mystery unveils on June 2, 2017.

Top 10 most anticipated Hollywood movies of 2017: A must watch | Shubhideas
Click here for trailer

8.Spider-Man: Homecoming (July 7)

 A  Marvel Studios entertainer takes the reins of a character owned by Sony thanks to complicated, decades-long bits of corporate machination. This iteration of Spider-Man (played by Tom Holland) who made his debut in Captain America: Civil War last year and people loved him in that role. In Homecoming, he’ll fight the Vulture (Michael Keaton) in his own movie. Tony Stark (Robert Downey Jr.) will guest-star which can clearly be seen in the teaser as well as the trailer. And guess what Spidey has? Haven’t seen it till now? Check the trailer below.

Top 10 most anticipated Hollywood movies of 2017:A must watch | Shubhideas
Click here for trailer

 

9.THOR Ragnarok ( NOVEMBER 3 )

The third entry in Marvel’s Thor series sees the Norse god of thunder (Chris Hemsworth) embark on some sort of intergalactic journey. His mischievous brother Loki will surely be involved. The Hulk and Doctor Strange. Cate Blanchett plays the film’s villain Hela. Tessa Thompson is the new love interest Valkyrie (Thor’s old beau, Natalie Portman, has decided she doesn’t want to make any more Marvel movies). The Thor movies are almost criminally underrated, much happier to indulge in fun mystical antics without too much needless exposition, and anchored by Hemsworth and Hiddleston’s comedic chemistry.Ragnarok has a fantastic director: New Zealand’s Taika Waititi. Definitely infinity stones will be seen.

Click here for trailer

 

10.Despicable me 3 ( JUNE 30 )

After 3 minions based movies, Illumination Entertainment is yet back with another movie. A third franchise to the Despicable Me.This movie releases in the summer just like the other minion based movies did. Continuing adventures of Gru, Lucy, and their adorable daughters — Margo, Edith and Agnes — and the Minions. This Hollywood movie is one of the most anticipated comedy movies of this year. Be a kid or an adult, Minions are the favourites.

Click here for trailer

 

Other upcoming Hollywood movies to look out for this year are:

  • Jumanji
  • Baywatch
  • The Mummy
  • Transformers: The Last Knight
  • Ghost In The Shell
  • Kong: Skull Island
  • Power Rangers
  • Blade Runner 2049
  • War For The Planet Of The Apes
  • Star Wars: Episode VIII

Demonetization in India: Everything You Need To Know

WHAT IS DEMONETIZATION?

Demonetization is basically the act of stripping a currency unit. Demonetization becomes necessary whenever there is a change of national currency. The old unit of currency is recalled and needs to be submitted to the banks and the government offices.  Demonetization results in change of denominations, structure or complete scrapping of the currency.

Demonetization in India: Everything You Need To Know | Shubhideas
Demonetization

Recently the INDIAN government under the directions of Prime Minister of India called off 1000 and 500 notes and introduce a new denomination of 2000 and a complete new note of 500 leading to demonetization.

Other countries where demonetization occured – THE SOVIET UNION, GHANA, BRITAIN and many more.

Indian 500 and 1000 Rupee note and demonetization:

The demonetization of ₹500 and ₹1000 banknotes was a step taken by the Government of India on 8 November 2016 while the PM was addressing the nation, ceasing the usage of all ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series as a form of legal tender in India from 9 November 2016.

Demonetization in India: Everything You Need To Know | Shubhideas
New series of 500 and 1000 denominations

As per the sources and media spokesperson, only six persons knew that such a thing was going to happen and the RBI governor wasn’t among them. It is said that the RBI governor was sent a letter addressed by the PM of India a day before if they were ready to do so i.e. on November 9 , 2016.

Modi declared circulation of all ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series as invalid. He announced the issuance of new ₹500 and ₹2000 banknotes of the Mahatma Gandhi New Series in exchange for the old banknotes.

Demonetization in India: Everything You Need To Know | Shubhideas
CLICK HERE

 

This is not the first time in the Indian history that the demonetization has occurred.

History of Demonetization in INDIA:

Previously too India has witnessed Demonetization.

Demonetization in India: Everything You Need To Know | Shubhideas

In January 1946, banknotes of 1000 and 10000 rupee were withdrawn. New notes of 1000, 5000 and 10000 rupee were introduced in 1954. The Janata Party coalition government had again demonetized banknotes of 1000, 5000 and 10000 rupee on 16 January 1978 as a means to curb counterfeit money and black money.

Initial guidelines by the RBI

The RBI laid down a detailed procedure for the exchange of the demonetized banknotes. Following are the key points:

Demonetization in India: Everything You Need To Know | Shubhideas

  • Citizens will have until 30 December 2016 to tender their old banknotes at any office of the RBI or any bank branch and credit the value into their respective bank accounts.

After December 31, 2016 people would need to submit some type of affidavit stating that the money is white and varying on the amount of money submitted the person is eligible to pay a fine and may be sentenced to jail in case he is found guilty of keeping money or tax evading.

  • Currently withdrawal limit from the ATM is Rs. 24000 per day but with a maximum cash withdrawal limit for a week.
  • The old banknotes can be exchanged by filling up a requisition form along with a valid ID proof.

The Indian government was very clear with the guidelines as it kept on modifying these guidelines as per the need, as per the money available in ATM.

Exceptions in case of the Demonetization era of the INDIA:

Demonetization in India: Everything You Need To Know | Shubhideas

Initially, Exceptions were given to petrol, CNG, and gas stations, government hospitals, railway and airline booking counters, state government recognized dairies and ration stores and crematorium to accept the old ₹500 and ₹1000 banknotes until 24 November 2016.

International airports were also instructed to facilitate an exchange of notes amounting to a total value of ₹5000 for foreign tourists and out-bound passengers.

They had to submit an affidavit after  December 31, 2016proving that their money is white.

A heavy fine would be imposed on the person failing to show the submitted money as white.

Reactions:

  • SUPPORT – Several bankers appreciated the move in the sense that it would help curb black money. Businessmen also supported the move adding that it would also accelerate e-commerce. The public too supported this move at a large-scale.

Demonetization in India: Everything You Need To Know | Shubhideas

  • CRITICISM – CM of West Bengal Mamata Banerjee called the new declaration “drama”. Former World Bank Chief Economist, Kaushik Basu, said that the ‘damage’ is likely to be much greater than any possible benefits. It has also been noted in the media that black money holders keep only a small fraction of their ill-gotten wealth as cash. Hence targeting this cash may not be a successful strategy.

Demonetization in India: Everything You Need To Know | Shubhideas

  • India’s EX Prime Minister – Dr. Manmohan Singh had said it might seem like a great step in the short-term but the results would be different in the future.
Demonetization in India: Everything You Need To Know | Shubhideas
Click Here
  • All the opponents came together as one to fight against this decision.
  • BSP leader Mayawati too had different opinions and on her birthday did a press conference.
  • Reaction of the Indian People:

Demonetization in India: Everything You Need To Know | Shubhideas

A difference of opinion was seen in the citizens of India. Some people stated this decision as a strong step against the black money fight which other governments before them failed to do so. A different group of people stated that the implementation wasn’t done as it was needed. It was a failure of the Modi government.

IMPACT OF DEMONETIZATION:

  • Cash Rush – The scarcity of cash due to demonetization led to chaos, faced difficulties to exchange them as endless lines outside banks and ATM across India, became a daily routine for millions of people waiting to deposit or exchange the ₹500 and ₹1000 banknotes since 9 November.
  • Effect on illegal activities – The move was seen to fight corruption, many people did surrender their black money. Another impact was on terror-  funding in Pak and Kashmiri Militants.
  • Cashless Economy – Modi aimed towards digitalization in INDIA. On the eve of 31st December Modi restated his decision of making INDIA a cashless economy. Online transactions were seen on a large scale after the demonetization.
  • PAYTMOnline mobile wallets came up and PAYTM was one who made huge profits. In case of visits to Dominos, McDonalds, KFC etc you would find “PAYTM accepted here” on the entrance door. A larger population of people were seen moving onto PAYTM wallets and doing transactions via PAYTM.
Demonetization in India: Everything You Need To Know | Shubhideas
Paytm

Evasion of Demonetization:

People still found a way to evade the demonetization or evading the submission of black money and these were:

Demonetization in India: Everything You Need To Know | Shubhideas

  • Gold purchases

After demonetization, long queues of people were seen shopping gold.

  • Municipal and local taxes

Many people who evaded tax, paid of the dues with fines.

  • Multiple bank transactions

It was seen that people were doing multiple bank transactions.

  • Dumping

Many people instead of simply surrendering their money , they preferred dumping them.

Yet the fight against the black money is on even after the Demonetization and everyone needs to do his/her bit. Switching to cash-less economy or making online transactions won’t harm.