effects of demonetisation

What’s going on?

The fact is that the Modi government has miserably failed to design the implementation in the days after the demonitisation announcement, though no one is questioning the intention of the very exercise. Every honest citizen wants his country to be free of the evil of fake currencies and black money. But while doing so, the government should have foreseen what is going to happen in the hours and days after the announcement.

Modi should remember that the people standing in long queues certainly don’t have the mindset of a soldier fighting a national cause but only have curse words for the government for turning their lives into a nightmare

The guy who gave the wonderful idea to the government of introducing the Rs 2,000 notes first against the ban of Rs 1,000 and Rs 500 currency notes should be sacked.The government should have printed sufficient number of lower denomination notes of Rs 500 and Rs 1,000 in the government mints, instead of pushing the fancy not-so-useful Rs 2,000 notes into the market.

As of now, ATMs aren’t equipped to deliver anything other than the Rs 100 notes. To equip the machine to accommodate the new series of notes will take a long time — a process which will further delay the functioning of ATMs. Already there are bigger queues than one typically sees in front of beverage shops. How on earth government plans to rewire the ATM network within such a short time? The government should have asked the banks to rework the machines well in advance while keeping the secrecy of the move.

Modi-government absolutely failed to think ahead

Presently, the situation is not in control of the government. The long queues before ATMs and bank branches can soon take the shape of street protests against the government. Opposition parties can soon taste blood and jump into the streets too. Delhi CM Arvind Kejriwal has already entered the ring, Congress vice-president Rahul Gandhi has already joined the ATM queues. It is not long before regional satraps smell an opportunity. The good intention behind the currency ban and the long-term benefits it will bring to the economy will then be forgotten and Modi will run the risk a strong the anti-incumbency wave, if the cash drought continues and remedial measures are not brought into place

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