Skip to main content

Keep The Change

Keep The Change


The decision to demonetize Rs 500 and Rs 1000 notes came as a surprise to the nation on the night of 8th November 2016. PM Narender Modi who was addressing the nation for the same also appeared surprised during announcement. Although he was not in his usual energy while delivering this speech his announcement energized the nation. I applauded it as a great decision which in a single stroke get rid the nation from counterfeit notes, black money and terrorist funding until the other side of it came in front of me. 

Grocery stores, departmental stores, dairies, chemists and other such stores started shutting doors for people with Rs 500 and Rs 1000 notes. Chaos was also created in the ATM's where large number of people gathered to withdraw Rs 100 notes. The machines were empty with Rs 100 notes quickly. Delhi Metro is also accepting lower denomination notes troubling the travelers even those with cards are having problem since recharges for them is not available in Rs 500 or Rs 1000. Banks are closed on 9th which troubled many people who thought to withdraw some money for daily uses. Daily wage laborers, rickshaw pullers, small businesses like mine, vegetable vendors and even wholesale dealers who mainly have cash transactions, salaried people and housewives started feeling pain of this decision in the morning when everyone discontinued to accept them. Those holding debit cards,credit cards or electronic wallets are able to transact up to a limit. 



The new currency notes were also displayed by RBI governor. They are much beautiful than the one discontinued but now we have Rs 2000 note instead of Rs 1000. Will it not in the future become the reason of hoarding black money? Why like USA and Europe we can use only note up to Rs 100? Moreover for the common people who find it difficult to get change for Rs 500, Rs 100 or Rs 1000 getting change for Rs 2000 would be a daunting task. 

Government should have introduced the new notes before discontinuing the old ones or prior information should be given to the common people or Rs 100 notes should be in plenty in the market. According to RBI from total cash circulated in the country 85% notes are in denominations of Rs 500 and Rs 1000 so the chaos created from their absence can be easily judged. I am sure long queues are waiting when the bank opens and new notes started coming out from them. News coming from all over the country is showing only confused people. The one without bank accounts are tenser to think how will they exchange few notes with them. It is still to see how much black money this move will unearth because I am sure those with millions and billions of such unaccounted notes must have the ways to regulate them also. Till anything new happens in this matter keep the change.  

Comments

  1. I don't question the intention behind the decision to curb black money but the Government should have prepared the people by giving notice and like you said, issuing new notes in advance. It's disheartening how the commoners and daily wage laborers are bearing the brunt. The whole thing has turned chaotic.

    ReplyDelete
  2. very informative. never before the little over change have felt so lucky.

    ReplyDelete
  3. This is the hottest topic in India today! Everyone is debating about pros and cons of demonetization and it's evident that people are suffering because of all the chaos at Banks and ATMs. But I firmly believe that life is going to get easy soon!

    ReplyDelete

Post a Comment

Popular posts from this blog

Bitter Bread

Bitter Bread
Bread,doubleroti,pao,bun or we call it with any other name; it is the part of our breakfast which completes our daily routine. This ready to eat item is popular with egg and butter but the recent study by Centre For Science and Environment (CSE) have turned this must breakfast eatable bitter. 
CSE conducted test on various samples collected from different part of the capital belonging to different brands. They found 84% samples test positive for potassium bromate and potassium iodate after tests on 38 varieties which include Britannia,Harvest Gold,KFC, McDonalds, Domino's Pizza and Subway. These revelations are shocking and disturbing as all of us have eaten from one of these brands. It should also be noted that these two substances which are used to soften breads and enhance their color and texture namely potassium bromate and potassium iodate are banned in many countries of the world after a study conducted in the 90's. These substances however are not harmful a…

Braid Cutting - Truth or Rumors?

Braid Cutting - Truth or Rumor?

Mysterious braid (choti) cutting incidents has happened in Rajasthan, Haryana and Delhi where women mostly around 50 years of age has their braids cut without their knowledge by some invisible source causing fear among women in these areas. Women also fell unconscious during the time of braid cutting which left them clueless about the attacker and made the incident mysterious. Police who have recorded the statements of victims deny any black magic involved in this which is rumored in the video circulated in social media groups. They are asserting that some miscreants are behind the incident.
The video allegedly claims that a woman is on a mission to cut 1008 women braids in order to get invisibility power according to a black magic ritual. I heard this news around a month ago from someone whose relatives live in Rajasthan. The incident was not in news at that time, I denied him saying that these are rumors or acts of miscreants and I still believe miscr…

Naive Traveler : City of Nawabs - Lucknow

Naive Traveler : City of Nawabs - Lucknow


Lucknow is known as The City of Nawabs the royal ruler of the city which gave it culinary & cultural identity like the way of talking I noticed while interacting with the people. The place is beautiful and has many things which can attract tourists to visit this city but I don’t find it tourist friendly as I observed in the other cities I visited like Agra,Jaipur, Dehradun,etc. As we came out of the station, there were no tourist autos or taxis available for city sightseeing thus left you unaware of what to do.
If we haven’t researched about the places and things to eat we couldn’t explore the city the way we did.

With our knowledge of places to visit and to eat, we first hire a bus bust to the Chowk area where we found Rahim’s Hotel for famous RAHIM KI NIHARI-KULCHA. Nihari is a breakfast non-vegetarian dish available in both Buffalo & Goat meat. Its taste was totally different from what I have tested it in Delhi and the Kulcha was he…