demonetisation

It is very strange that, the government is silent over the seizure of the new Rs 2000 currency in bulk, all over India when, the raids of IT  department takes place . The nation wants to know about the  measures  taken by the government to plug the sources of the leakage such as, the currency printing press, the Currency chests of the RBI and the banks . When common man is made to make three trips to the banks in recent weeks ,ever since Rs 24000 withdrawal is allowed because ,the banks pay this amount in installments  due to non availability of required currency notes. But ,the law breakers have no problem in getting huge amount of the new notes . The PM and the ministers take for granted people’s support to demonetization in spite of hardships. They talk from ivory towers with total disconnect with ground  realities . The opposition parties or any  one who articulate the sufferings of senior citizens, the disabled, women with  infants who are  standing in the queue for the last two months are ridiculed as anti nationals or supporters of the corruption . Maximum damage is done to the credibility of the banks especially, when each bank branch, is putting  additional restrictions  on cash withdrawals and refuse to pay any other denomination of currency  except Rs 2000 notes  . What happened to Rs 10, 20, 50 notes ? Are not the account holders reduced to the position of seeking the  bank employees mercy or favor to get even Rs 100 currency notes ? How long the people are expected to be patient and tolerate the tall claims made by the BJP spokes persons ?

demonetisation

There are  variety of opinions on demonetisation . According to me the main inconvenience is our inability to draw from our own money kept with full confidence  in bank accounts of various types. We need cash for variety of purposes and some of them are very urgent and can be met with hard cash alone .  It is very annoying to go to the banks several times and spend considerable time in the queue and able to draw inadequate money to meet our needs . Even those with comfortable savings deposited with banks were reduced to penniless position overnight and this position is dragging . How long this situation will continue we do not know. The December 31^st deadline for ending the  discomforts  of the account holders didn’t stop the hardships which was promised by the PM . The image and the credibility of the banking system is very severely damaged . Hereafter, People will   keep lot of money at home out of psychological distress created by the present situation  and will open many accounts for the family to escape from such wretched experience . It is easy for those  living in all types comforts and facilities to preach through media , to exercise  tolerance of hardships  for some more time in national interest. I would like to ask these VVIPS, “ what type of hardships they suffered due to demonetisation in national interest”?

demonetisation blunders

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 .

demonetisation blunders

The media is giving extensive coverage of the daily ordeals of the common  people faced after demonetization effected without proper preplanning regarding logistics related to this” surgical strike” on honest citizens , who do not even understand the reasons for the daily changes brought out in withdrawal and exchange of currency through banks and ATMS .Yet the , the spoke persons of the BJP party demonstrate everyday , in TV debates on this subject , their utter insensitivity regarding the sufferings of the people. How can the FM say that , he himself has seen short queues , as if he doesn’t know that,  the reason is shortage of cash  in the banks and ATMS and the confusion created by daily announcements regarding exchange and withdrawals . When rational and genuine questions are raised regarding why such a massive exercise of re calibration of ATMS machines are  attempted, instead of printing the new currencies in the same size as the older ones with new designs and additional security features and why the lower denomination currencies such 20, 50 and 100 were not printed well in advance in huge quantities , proper answers are not given. People have developed a hatred for Rs 2000 notes , because of the difficulties they face while handling them . The judges of courts  seem to understand very correctly the ground realities and sympathetic to people’s daily hardships than the government elected by the same people with high hopes.

strong argument in fvaour of reservation policy of India

The strongest argument in support of the reservation policy of India  and a fitting reply to anti reservationists is made in the statement that, “ Reservation is intended not to be an anti poverty programme,” and it is meant “ to correct unequal distribution of rights,” by Amith Thorat in his article in the Hindu , “ “Not just about quota”.(2.1.17). All those sections of the people ,who are at the receiving end due to decades of denial justice in the social, economic and political rights are pained to witness the sudden intensity with which the anti reservationists  expect the marginalised sections   to bear the continued unequal  position in opportunities and rights .Expecting the deprived sections to continue to sacrifice the gains of India’s progress  achieved in the 21^st century in all the spheres of life, by the abolition of or the amendments in of the reservation policy is inhuman  . Such an attitude  depicts basic lack of understanding regarding the fundamental  needs of the backwards communities  to live with dignity in India