Is there any alternative to the people other than to accept and support the Prime Minister Narendra Modi 's announcement on 08-11-2017? The people have no other choice except to face the economic hardships caused by this decision. For catching a handful of economic offenders, the rest of the population is put to lot of inconvenience. The Prime Minister announced that all the ATM's will work normally from 11th. November. Then he asked for 50 days time to bring the situation to normalcy. From what we see the normalcy may not be possible for another three months or more. The people are supporting with the fond hope that black money will be checked and something good will happen to them. Once nothing of that sort happens, the Prime Minister will lose his popularity and may have to face the wrath of common man.
My pension was credited to my account on the first of December. Until now I am not able to draw the money from the bank as the queues are very long and I cannot stand in the queue for a long time.Even if we brave the queues, we have to visit the bank for three or more days in week to draw the allowed amount of Rs 24000/ as there is not sufficient cash in the banks. In our area more than 90% of the ATM's are closed and the rest are fed with meager amounts to cater to all the public. The demonetization is a drastic step that could have been avoided by using other sources to unearth black money.
" Be Good and Do Good "
No life without Sun
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Why all this exercise when the the black money in the shape of currency is about 10% . Consider the expenditure for all this exercise also. The IT Department could have conducted raids on people supposed to have black money. I am unable to understand the logic of the Government to introduce IDS when demonization is in it's agenda. The Government wilfully allowed most of the corrupt to get away with more than 50% of their black money turned into white.
" Be Good and Do Good "
Mainly pensioners and employees face much problems due to demonetization. There are some rumours that some rich ones who have already hidden their black money as white. I don't know whether it is right. Prior to the directions of demonetization, Jio sims were entered into the market. I do not know for what purpose this experiment had been done by Ambani brothers.
Recently a BJP supporter gali Janardhan reddy who alleged that his friends did his daughter's marriage by donating 500 crores. I don't know how reddy got such good friends who gave cores of rupees.
Now, like adding fuel to fire, the limit of withdrawal will be pressed to 50000rupees per month. It is very surprise that government decides the expenses of common man per month. From this, money problems increase day by day.
People believe that Modi will fulfil the desire of poor and mid class ones. But, it seems to be its effect mainly upon these category people.
Before that, even the top economists can only speculate. Let's not fall in the trap of speculation. Let's wait for the future. Let's wait for a better tomorrow. Let's be optimist. Let's not allow the pathological hatred towards a person affect our judgement.
Caution: Explosive. Handle with care.