Tuesday, 22 November 2016

currency crisis



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 recalibration 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 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.

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