Panel Discussion on ‘Demonetisation’ at WIC India

Panel Discussion on ‘Demonetisation’ at WIC India

Dainik Nation Bureau

A panel discussion on ‘Demonetisation’ was held at WIC India today. The panel composed of distinguished speakers from several professional backgrounds. The panel included of Financial Advisor Deepak Bakshi, Prof. Economics Doon University Manoj Bhatt, Dr. Vinay Bourai and Chartered Accountant Harshit Gupta.

The session was moderated by Prof. Mass Communication Doon University Harsh Dobhal.

 

Commencing the discussion, the moderator Harsh Dobhal said, “It is to be debated whether the move is economic or political in nature. He added that the implications of this are felt by every strata of society and will continue to do in years to come.”

Introducing the topic Harshit Gupta pointed out that in present scenario income tax return is not just a formality but a necessary document. Pondering over demonetisation he said that the issue whether it is good or bad is secondary. He asked the gathering to instead focus on dealing with the situation. He added that in his opinion only 30% of purpose has been achieved. He lamented that demonetization has brought with it a lot of confusion.

Focusing on the economic aspect of demonetisation, Dr. Vinay Bourai said that our economic system is like a cob web. He also explained the process and concept of demonetization at length. He pointed out that at present a very small section of people are using plastic money as it is also costlier.

Throwing light on Demonetisation, Deepak Bakshi said that this move has affected every strata of the society. He stated the short-term pain of the move is visible while long term implications are yet to be experienced. This is not an isolated event and will affect the nation at large.

The purpose of holding the panel discussion on Demonetisation was to bring different views of experts on government’s decision to demonetise 500 and 100 currency notes.

The panel talked about the advantages and disadvantages of the demonetisation in short and long run. The vote of thanks was presented by President WIC India Nazia Yusuf Izuddin.

 

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