New Delhi, November 10, 2016: The move by the Prime minister to ban 500 and 1000 rupee notes to eliminate corruption and black money is a fabulous move according to Mr. Rohit Gera, Managing Director, Gera Developments & VP, CREDAI – Pune Metro.
The impact of this will be huge in many markets where payment of cash is mandatory and the major form of profit taking. These markets will see a major crash making an already difficult situation even more challenging.
In addition to eliminating black money this will definitely bring down corruption at least for a while. In the medium to long term the policy that emerges will determine how much corruption will return in due course.
Corporate Comm India(CCI Newswire)
