One month of demonetisation: Here's how country benefited & suffered

New Delhi: It's been one month since the Rs 500 and Rs 1000 notes were banned by the Prime Minister Narendra Modi-led BJP government. The PM has asked for 50 days to solve the problems faced by the people as a result of demonetisation. Here's how the country has suffered and gained as a result of this notes ban: Benefits of Demonetisation:

• The country has moved towards cashless transactions.
• We are moving towards on the path of digital India.
• Grip has tightened on those holding black money after demonetisation.
• The fake currency has got vanished.
• Money from vaults has shifted to banks.
• As a result of demonetisation, 12 lakh crore has got deposited in banks, making the institution strong.
• Expenditure on unnecessary items has got limited to some extent which has resulted in saving.

How the country suffered:

• Since last one month, people of the country have been standing in serpentine queues outside the bank and ATMs.
• People have been starving for cash.
• People are dying while standing in long queues.
• Availability of less cash has impacted businesses.
• Small vendors and daily earners are the worst hit.
• Demonetisation has affected farmers and agriculture sector badly.
• There are speculations that the move of notes ban may affect country's progress.
• Foreigners have been getting less cash.
• Notes ban has affected tourism.