The news came as a shock to me as to the masses. The reason behind
this drastic move is to form a cleaner India. But will it actually work
is a different story. The decision created panic and fear among the
working class. They dilly dallied from pillar to post in attempt save
their hard earned money. The only question which nagged me was why
punish the 75% of the common man for the 25% of the other half. The
reserve bank has circulated 6500 billion worth of thousands and 1500
billion worth of hundreds. Where does the ban and circulation
synchronize? Is it a clever action to recover the thousands or to show
the common man that the government is working? An average working class
individual spends less than a hundred in a day. He works hard the whole
month and struggles even for that hundred at the end of the month. The
thousands are safely hidden in various forms and places known only to
God himself.
As a common man or woman in my case, I never understood the implications of the new rule. In a country governed by businesses, the rules are customized based on class. How will the millions of black money surface by banning the denomination? The 25 % of the population do not depend on their hidden treasures for their day to day needs like most of us. The upper middle class and upper class would be forced to pay tax which would benefit the government. But how will it bell the cat? How will the government recover the remaining half from the mega rich who own most of it?
It is well known secret that foreign banks are an abode for the loots of the nation. How will it be recovered? The timing was a great move. The ATM’s were closed at 12.00 pm and people stood in long queues to save their hard earned money. The jewelry shops were however open in the night to help cash conversation. Is it right? If it is, then the next question is for whom?
The best part of the entire story is communication. Why were the public not educated through proper channels? Why create chaos even it is for the greater good? I really don’t understand the implications or the goodness in it. Let’s hope it will pave way for a better future for the common man, which would be me.
As a common man or woman in my case, I never understood the implications of the new rule. In a country governed by businesses, the rules are customized based on class. How will the millions of black money surface by banning the denomination? The 25 % of the population do not depend on their hidden treasures for their day to day needs like most of us. The upper middle class and upper class would be forced to pay tax which would benefit the government. But how will it bell the cat? How will the government recover the remaining half from the mega rich who own most of it?
It is well known secret that foreign banks are an abode for the loots of the nation. How will it be recovered? The timing was a great move. The ATM’s were closed at 12.00 pm and people stood in long queues to save their hard earned money. The jewelry shops were however open in the night to help cash conversation. Is it right? If it is, then the next question is for whom?
The best part of the entire story is communication. Why were the public not educated through proper channels? Why create chaos even it is for the greater good? I really don’t understand the implications or the goodness in it. Let’s hope it will pave way for a better future for the common man, which would be me.
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