Demonetisation : Monumental Mistake


Demonetisation, the issue which struck the whole nation and grind to halt its all operation either in Formal or informal economy. 8th november night, while the prime minister withdrew the higher denominations currencies that are in circulation about 86%, 500 and 1000INR ceases to be legal tender shut down the entire nation. The very own prime minister war on curbing the black money this time in this way, though it has certain positive results and effects, the aftermath effects could have ameliorated if they made certain forensic analysis. Agrarian country like india which done its all transactions in cash seems bit difficlut to implemented that demonetisation move by GOI. Standing queue infront of ATMs and Banks, and the distress of peoples reg this cease seems absurd. one propable estimate says there could be 86+ lives sucked by this move at the entrance of Bank ATMS or Banks counters. Beyond all the government analysis and survey, bragging like peoples are with PM on this move, curbing black money is good initiative which deserved plaudits, at the same time the amount of Cash dispensed by banks for the ceased notes should also be prepared to avoid the conflicts that are raised by UPA in parliment that shut down the winter season of parliment for the past 16days. Things could have done better than this, or ameolirated. towards Digital india the flagship entity of NDA govt seems promising, but at the same time the GOI should consider the distress caused by that movie, even feature phones are avail with *99#, still there are farmers dont even know how to recharge their mobile phones. Digi shala the better iniative by GOI about creating awareness among peoples in india regarding digital payments. POS machines duties are lifted for certain period of time by Hon FM looks promising to promote digital payments in Provision shops level. the discount announced by GOI on using plastic money in petrol bunks and certain provisional shops can change the peoples mind towards digital india for a better nation. India is in the cusp of change regarding this Demonetisation, not only urban, rural also moving towards this better initiative, akodra village digitalised ICIC bank and Goa becomes Digital state these are the samples of that change.

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