There are different claims about the support or opposition to the scheme of Govt.of India of demonetization of Rs.500 and Rs.1000 currency notes being implemented by the Government. Opponents talk of the damage to the economy, the GDP lowering by a few percentage points with no success in bringing out black money, in eliminating fake currency notes or in eliminating corruption. And they also talk of untold suffering of the people, with no money to buy essential items of consumption and the loss of lives of several people. They demand withdrawal of the scheme. At the same time while admitting the sufferings of the people, the government asserts that the suffering is only for a short period, but there are long term gains in terms of elimination of black money, fake currency notes and corruption and assert that the scheme will continue. The issue being very important and serious, it should be put to plebiscite and the outcome of the plebiscite should be respected and implemented and no further discussions should take place on the issue.
Demonetization- should it be put to plebiscite