Is Demonetisation a step in  haste?

Sir,

There is no doubt that a solid step was needed to combat the problem of black money but it is also a fact that the major step was to be taken with considerable advance thinking with alternative arrangement to meet the monetary crisis  faced by common people. As a result of which they have been facing immense hardships that none had anticipated.

The current situation has raised many eyebrows in India. Sudden demonetisation has left many people cashless.

Medical facilities in hospitals are in bad shape. At various hospitals, patients and their family members are facing inconvenience in admitting them or buying medicals as these places are rejecting accepting old notes of Rs.500 and Rs.1,000.

With a cap on cash withdrawal, people are now buying only grocery items. There has been considerable increase in the prices of pulses and vegetables. It is difficult for home makers to manage the kitchen. This has resulted in the shutters of these shops being close down. Schools are  forcing students to pay in newly issued currency or smaller amounts.

Few students were even punished as their parents failed to deposit the fees before the deadline. Donations in temple witness sharp decline. Airlines sales dip in a week. People are found saying, ”Pehle cash ka thikana lagana hai. Travel is a discretionary thing which can wait till the other bigger issues are sorted out.”

The restlessness among people waiting in queues before the banks across the state for currency is leading to brawls at many places.

A Delhi man recently died waiting in bank queue after he suffered heart attack while standing in line for 8 hours to exchange the now defunct notes.

With twelve cash starved days gone, the question now emerges whether the objectives will be met or will all this pain have been for nothing?

Yours Truly,

Mihika Aishwarya, Roll No:16, CEMS 2nd Year, Patna Women’s College, Patna.

——

Effects of demonetisation

Sir,

No doubt that today everyone is facing a problem due to demonetisation. As demonetisation of 500 and 1000 Indian currency has come as a surprise for all of us, and this change is going to have a positive impact on the Indian economy. As we all know that every action has some positive and negative impact so one should be patient.

Some people are finding it tough to stand in a queue for exchange as they can’t understand that this is for the betterment of our country. Since the demonetization, life of people has turned up-side down as many people are spending their whole day outside the bank.

Why doesn’t one understand that everyone is suffering and not an individual is the sufferer. According to the reports, a wage earner has rescheduled his routine life in past one week i.e., five days at construction site and a day at the bank. These people are also affected as they have not been paid by the contractor due to the existing situation.

It seems like people are not happy with the new currency of 2000 as it is of no use. No one is accepting it as they have valid reasons to say NO because no one will return large amount for a small transaction. As the demonetization has hampered the daily lives of daily employment, many workers have started returning to their respective villages.

Yours Truly,

Aparna Singh,3rd year Communicative English with Media studies, Patna Women’s College

  demonetization, letters