I understand that if you have inherited gold from your parents, it is not going to cause any problems. Of course you may have to prove with valid documents that the gold is inherited. Frankly, I support demonetization. However, proper steps have not been implemented to make the entire process to go smooth.
People in villages are not ready to go digital, there are villages in India were there is no electricity! How can they go digital?
Holding documents for each and every gold ornament would be almost impossible as even my parents don't have the documents of the ornaments they bought 20 years ago. I too supported demonetization initially but when bank employees, managers and poor people who had no cash in their banks earlier were found involved in this currency exchange, the move seems useless and only the poor ultimately suffered from this move. I can see that prices have reduced which is a good thing to note.
Villages who have no signals or internet access are the ones who would need cash to survive and with no cash in cities and big states, their life is miserable. Going cashless is almost impossible for them as of now.
The current government is becoming a pain for everyone living in India.They do not have any idea what they are doing and they do not really have any back up plans either.Everyone supported demonetization but then as weeks passed we still dont get enough cash for our daily needs and that is the biggest problem we are facing.I do not have a clue when these things would change.
