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Demonetisation of High Indian Currency Note – Was it really a masterstroke? – Part 3

Ha! Here I am with the third part of the blog “Demonetisation of High Indian Currency Note – Was it really a masterstroke”? I am sure till now every thinking mind must have figured out the answer to this question. But still, if we ask this question to the “blind or paid followers” they will shoot us with a spontaneous reply, which obviously will be a straight YES (to be read in Bold and CAPITAL). Apparently, after that YES we are not supposed to ask WHY or HOW because to answer it, one need to have some kind of logics by their side. However, it’s a known fact that there is no place for logics in blind worshipping. So if you are among those, who use their brain to analyse things and don’t get coloured with marketing strategies, then instead of banging your head with the blind worshippers, you should try to analyse the facts in light of what was actually achieved in those 50 days and know for yourself the ‘ground’ reality.

In the first part of this blog I have mentioned (with logics) that this step of Demonetisation wouldn’t have much impact on the three major reasons that were provided by Mr. Pradhan Sevak, on the eve of 8th November 2016, behind opting the demonetisation of the high currency notes i.e. 1) Corruption, 2) Black Money, and 3) Terrorism. However, it took long enough to the Government of India to realise this and finally after witnessing the hardship faced by the honest citizens of India, the ministers of the ruling party to have stopped talking about those three reasons and now they are just stressing on paperless economy (which coincidently was one of the solutions in the first part of this blog).

Although, the ego and political ambition of the politicians won’t allow them to accept it in open that this step of Demonetisation was not effective in curbing corruption, black money, and terrorism, in comparison to the cost, hardship and economic impact associated with it, but still it is the hard-core reality which can’t be changed. The politicians can continue self-praising themselves and keep patting their back, but everyone (except the blind and paid followers), knows that the Government of India (GOI) and Reserve Bank of India (RBI) have substantially goofed up in taking this drastic step. For sure the Pradhan Sevak of India and the Governor of RBI knows this fact and may be in the later stage of their life they might gather the courage to openly agree to this blunder on their part. But as of now, the Pradhan Sevak has to keep his ego intact and the Governor of RBI, in order to save his job, has to stand by the side of his Master, so from their side, everything seems to be a goody-goody.

However, if we analyse the events of last 50 days, we will come to know that the GOI and RBI themselves are working on a “Trial and Error” mode. There is a list of absurd steps taken-withdrawn, taken-withdrawn, by the GOI and RBI post 8th November 2016. To name a few like fixing a limit of Rs. 2.5 Lakh cash withdrawal for marriage expenses or keeping of more than 10 old notes of Rs. 500 and Rs. 1000 post 31st December 2016 to be a criminal offence. If asked about these measures, they reply that they have taken these steps based on the feedbacks received from the people. God knows who gives them such feedbacks and ideas to grill innocent people who are already facing a lot of hardships.

How hilarious it is that when the politicians are spending crores of money on marriages, they expect a common man to conduct a marriage in just Rs. 2.5 Lakhs. Mr. Pradhan Sevak when the inflation is already hitting the common citizens to a great extent, do you still think that it is possible to arrange a marriage in one-fourth of the cost of a suit which you once wore? Further, you intended to throw the people behind the bars if they are holding more than 10 old notes of high currency, even if it is out of their hard-earned white money which they were unable to exchange before 31st December 2016? I fail to understand that by this ordinance are they trying to give an indication and a safe passage to the black money holders to destroy the black money in their possession, if “by any chance” they are still not able to convert it into white money?

The government is patting their back by taking surveys on Social Networking websites or Twitter with questions that are bound to be replied in praising the work of the government. While, as per the data available on internetlivestats.com only 34.8% of Indian population is having access to the Internet (Reference: www.internetlivestats.com). When the majority of the population is not on the internet how can we get the correct feedback of what is happening in the real world by conducting surveys in the virtual world? The fact is that whoever wants to know the ground reality will have to come out from the virtual world and step into the real world to feel the nerves of the common man who has been impacted the most because of this Demonetisation step.

The so-called 50 days after which India is supposedly going to change are over now. But still, there are long queues in front of Banks and ATM’s, especially in rural areas. Also, there is a major shortfall of currency in the country. But still, both the Government and RBI claims that the queues have reduced and there is enough availability and supply of currency in the country. Don’t know which world they come from? Seems they have booked a villa in the virtual world to stay in, because the real world is still suffering, which they can’t observe from their place of living. Anyway, who cares for the rural population, which is worthy for the politicians only at the time of elections, right?

The small and medium enterprises have been impacted to a great extent in a negative way and it will take months or years for them to be back on track. The farmers, daily wage labourers, hawkers everyone has been badly impacted. Above all, what scares me more is that the hopes of common citizens are going to be shattered in months to come when they are going to realize that in reality, they are not going to get anything in turn for the hardships they faced all these days.

The two major achievements of Demonetisation are shattering of the hopes of common citizens of Motherland India and the downfall of the image of Reserve Bank of India. Now, the only possible remedy is to brainwash the minds of people and to do this Mr. Pradhan Sevak has to come out either with some other Jumla and trap the innocent citizens with his buttery speeches or else take some drastic steps “with thorough preparedness” this time so that the objectives are actually achieved. Only then the government can hope to recover a bit from the setback of demonetisation.

Herewith, let me make it very clear that I am not trying to say that we are perfect and whatever we do is flawless. Each one of us does make mistakes and that is how we eventually learn and achieve the ultimate objective. However, the greatness of a person is reflected when s/he has the guts to accept the mistake, rather than trying hard to cover it up and convincing others that they were right on their part. For once can they think over and above their personal benefits? Above all, it’s a high time for each one of us to realize that for how long we are going to get fooled with the Jumla’s, emotional or humorous speeches?

I wish that the Almighty give good sense to each one of us.

God bless you all!

 

Peyush Jain