PM Modi's radical move of demonetising the Rs 500 and Rs 1,000 notes stunned everyone on Tuesday night. But after the initial wave of shock and confusion subsided, people began to call this step as revolutionary, hailing it as a 'watershed' moment in fight against black money. But while there are praises galore for this historic decision, there are a few who thought that this would have little or no impact on black money circulating in the country. Other than that, economists also said the move could impact small and medium-sized enterprises that largely run on cash transactions which in turn will have a knock-out effect on economic growth.

Demonetization useful move to check counterfeit currency.Let's not make virtue of a necessity.This is No "game changer" against black money

— Yogendra Yadav (@_YogendraYadav) November 8, 2016

Positive move against counterfeit currency.
Govt overplaying impact on black money.
Opposition overplaying transitional problems.

— Yogendra Yadav (@_YogendraYadav) November 8, 2016