The Demonetization of Rs 500 and Rs 1000 notes is an attempt to curb black money in the overall economy so it is a Boon. It results into Counterfeit and fake currency will be wiped out from the economy. For medium term- banks will be strengthened to provide loans, hence entrepreneurial activities can be motivated. It will make people accountable for their transactions bringing more transparency in banking & financial sector and many more.

The DEMONETISATION of Rs 500 and Rs 1000 notes was a policy started by the Government of India. This announcement was made by the Prime Minister of India Mr. Narender Modi. In this policy he declared that Rs 500 And Rs 1000 notes will be invalid from now and new notes of Rs 500 and Rs 2000 will be used in exchange of the old notes.
The Government said that Demonetisation is an effort to stop the use of the Indian economy for terrorism funding as well as to crack down the black money of a country.
Although right now the citizen of the country are facing so many problems but hopefully this step will bring a large change in the economy as well as ensures various benefits for the country.