It
is very scary to imagine the situation in the banks and before ATMs on every
month first week since, the salary receivers, the pensioners, small traders
and those who have exhausted the earlier drawn money will queue up again
. People are not interested in listening the endless rhetoric of the spokes
persons of the BJP or the ministers and bureaucrats delivered through news
channels since , they are totally cut off from the ground realities or
perhaps they are not subjected to any hardships , because of their privileged
positions .
The
RBI Governor who is the head of the money regulating body is totally silent and
avoid explaining to the people , the reasons for the logistic failures in the
smooth supply and distribution of cash which is the life blood of all the
economic activities in India unlike the developed nations. He should list out
the emergency measures which the RBI is going to introduce to meet the crisis
situation , so that, some confidence can be instilled in peoples mind .
If he doesn’t have any such measures he should accept moral responsibility to
the chaotic situation created, after the so called “surgical strike” and his
failure to make perfect arrangements for the “post surgery”
emergency situations and resign immediately . If he has not been consulted by
the Chief executive of this nation in this major monetary operation in the name
of secrecy , then that is yet another apt reason for him to resign. Now
we understand why Raguram Rajan gave up his post. India can not be
converted into a cashless economy and digital economy over night through
a revolutionary methods . Evolutionary methods only will work out in a nation
which is dominated by illiteracy and poverty . History has taught us many
lessons about the consequences of revolutionary methods .
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