Denominations
                                                                                                                                                                                                                                          Indian government has taken the step to cancel the high denomination currency notes of Rs 500/- and Rs 1000/- receptively. The step is very much required as parallel Black Money Economy  exceeds more then 50%%. It also become difficult to control the inflation in the country.  It amounts that government has no control over half of  the economy. Besides that the development of country also get effected thereof.  Therefore  it is a demand of the the public to bring the black money in control.

                                                                       There are certain national policies which have to be supported by all citizens and political parties without exception.  However each and every political party will try to take advantage of the situation arising out of such step. India is a vast country with lots network of financial institutions, which are being used  by various types of people.  Hence any aspect is being overlooked then it will create  adverse chains of reactions in general public. It is being observed  that there are  shortage of currency notes which are required against exchange of cancelled notes.   It has  also created long lines in banks resulting to inconvenience to general public.  However it has to be bared by public in national interest as in long run they are only going to be benefited from this steps. Even the holders of black money and wasted int rest are also bound to incite general public against the government in this matter.  But it is a test of  nationalism and patriotism of Indian public.

                                                                       It is strange that wasted interest tried their best to convert their black money through people, Jewelers and Gold ornament dealers. The government is also striking on those illegal transactions. It is said that there is 14 Lakh Crores Black money in economy out of which government may get only 4 Lakh Crores. The remaining Currency Notes may become scrap paper. It is reported that some of the black money holders  have thrown away their cancelled currency notes in waste paper baskets or in rivers.  Even some of the cancelled currencies are being Burnt.
                                                                  It is strange that some people criticize the government for cancelling the high denominations currency notes without taking proper precaution. Besides that were also criticizing the government for not taking steps against Black Money. We can not help it in such matter.  However some advantage will reflect in economy in the time to come .
                                                                   Some time innocent general public has to go through the pain of such steps but it is also true that ' Without  Pain No Gain.'  We hope that government will take all steps to minimize such pain. Hope for the Best.
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