The Congress party is holding country wide protests against demonetization from January 5th. Rahul Gandhi has demanded white paper over the currency crisis and also has given 5 questions to the PM Modi to answer.
The BJP leader Venkaiah has shot back with 5 questions to the Congress while there is only one day left for the old notes and the dead line given by PM Modi. Yes December 30 is the dead line for depositing old notes.
AP CM Chandrababu is pushing for plastic money and online transactions and has held his first meeting on demonetization in Delhi. Telangana CM Chandrasekhar Rao is also equally vocal in supporting the cause of demonetization and is for eradicating corruption in all sectors. A village in Siddipet and also Yadadri the temple town has been made cash less one.
But the troubles of the people continue. More than 100 people died in the lines before ATMs while the cash crunch continues. It is salary time again for the New Year the second pay day after November 8th.
The sales for groceries and also the vegetables have come down, but not the prices. People are struggling to get the change for Rs 2000.
There is some change here and there with, some Chaiwallahs and some petty vendors using Pay TMs . According to the bankers it will easily take another two months for the new currency to adjust and the ATMs to get filled to the brim. A business man who has stashed about 100 crore has been arrested in Hyderabad.
Most of the Jewelers are running for cover across the country and the small business men who are making big money and evading tax are now finding ways and means to avoid the tax. Prime Minister Modi and Finance Minister Jaitley are trying to wriggle out of the situation.
But they are already riding a tiger and it will kill them if they get down.
Only one day left for Modi and even if given another 50 days he cannot resolve the issue.
The currency crisis continues.
