Demise of Black/Parallel/Irregular Economy

Government move to demonetize on HD(high Denomination) wasn't accident, it was well planned act right from opening of accounts for mass(Jan Dhan) to IDS(Income disclosure scheme) systematic and chronologically orders executed by government. 

http://www.ndtv.com/india-news/panic-will-stop-when-atms-stop-running-dry-says-sbi-chief-1625667?pfrom=home-lateststories

In past several governments had run the program under different schemes to reduce or eliminate the black money but now Income declaration program didn't end just by declaration it went ahead with demonetizing 500 & 1000 notes which was menace created by hoarders. there is no full stop on this program it will be succeeded with some more action like limiting cash transaction and switching to plastic money and Digital money or mobile money.

Some are in shock that government didn't give enough time to react, fact is government gave 2 years but our attitude " Chaltha Hai " set us into false comfort zone many didn't bother to take shelter of IDS and just missed opportunity now cursing government for not giving time, all these opposing leaders from Mamta to Arvind are puppets of Money hoarders whacking on public  this government is insensitive making public to line up in queues. 

General view is that Black money will be sucked out of the system or it might take few years to clean up, why previous governments didn't take action or this government is serious on this matter. 

Previous governments program to beat Black Economy. though programs were successful but irregular economy wasn't eliminated completely, 

Terrorism used this menace to worsen the economy further by funding separatist & terrorist the move to demonetize will leave them dizzy at least this should bring peace in valley.

Black economy wasn't limited to India alone  in past in developed or first world countries too had such menace but we witnessed more and had to pay price for years though some of the government initiative didn't yield result but current government Will to eliminate them or concluding will take a time, lastly this move will  give a nation  chance to digitize  and usher welfare programs  to needy.