Paragraph on Demonetisation in india
Students are often asked to write a paragraph on Demonetisation in india in their schools. And if you’re also looking for the same, we have created 100-word, 200-word, and 250-word paragraphs on the topic.
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Paragraph on Demonetisation in india in 100 Words
Demonetisation is when the government says some types of money are not good anymore. In India, on November 8, 2016, the Prime Minister made a surprise announcement. He said the 500 and 1000 rupee notes would not be used now. This was done to catch people who hide their money and don’t pay tax. The people had to give their old money to the bank and get new money. It was hard at first as there were long lines at banks. But later, people started using more digital money like Paytm. This big step was taken to make India’s money system better.
Paragraph on Demonetisation in india in 200 Words
Demonetisation in India was a big step taken by the government on November 8, 2016. It was like a surprise for everyone when our Prime Minister, Mr. Narendra Modi, said that the old 500 and 1000 rupee notes were no longer going to be useful. The main aim was to stop the use of black money, which is money that people earn but don’t tell the government about to avoid taxes. It was also done to stop fake money, which is like real money but not made by the government. The government also wanted to encourage people to use digital payment methods like online banking, mobile wallets, and debit cards more often. So, everyone had to exchange their old notes for new 500 and 2000 rupee notes at the bank. It was a bit difficult for people in the beginning because there were long queues at the bank and there was not enough change for everyone. But, everyone tried to support the move because it was for the good of our country. It was a big change and showed us that sometimes, changes can be sudden and unexpected.
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Paragraph on Demonetisation in india in 250 Words
Demonetisation is a big economic change that happened in India on November 8, 2016. On this day, the government of India, led by Prime Minister Narendra Modi, said that the old 500 and 1000 rupee notes would not be used anymore. This was done to stop people who were doing bad things like not paying taxes or using fake money. It was a surprise for everyone and caused many people to stand in long lines at banks to change their old money for new notes. Some people found it hard because they could not get to a bank or did not have one nearby. On the other hand, some people thought it was a good idea because it was a strong step to clean up the economy and make it more honest. At the same time, it encouraged more people to use digital money which is easier to track. This big change in India’s money system had both good and bad effects. It was a bold step by the government to make India’s economy better and more fair, but it also caused some problems for ordinary people. In the end, demonetisation was a big event in India’s history that showed how important it is to have a clean and honest economy.
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