Good intentions are nothing, if not backed by common sense.
People say one must not believe a man who cries, and one must not believe a lady who always laughs.
PM Modi has done the demonetisation with a good intention, but it has boomeranged in such a fashion that he had to weep on the stage for two times before the MPs and also the public.
The PM just broke down and there is no way out , he is already riding a tiger.
The “surgical strike” on Indian currency notes has made all the difference to the common man. 70 People have died , there is pain and suffering all around, and their could be a financial crisis.
After two weeks that notes of Rs 500 and Rs 1,000 were banned, the complete lack of planning and competence is out in open. Every one wants change for Rs 2000/-
On his part PM Narendra Modi has broke down twice on the stage so far. Once at Goa saying that he has left his family and is working for the welfare of the country, the other time is at the Parliamentary party meet of the BJP.
The first time he cried was when he was ready to take over as the PM of the country.
The overworked banking system just doesn’t have the time and wherewithal to check counterfeit currency.
They thought that banning old notes would break the back of terror networks and tame Pakistan. But India continues to face the news of Pakistan shelling the border. For them, it is business as usual.
Fake currency of Rs 2000 is already in circulation and China is selling the purses designed with our currency .
The government must know that only 53 percent of Indians have bank accounts? When did they get the signature of Urgit Patel on the new notes.
The Rs 2,000 notes denomination will create more problems because nobody would have smaller notes to break them?
The Government should print notes that could fit in the ATM cassettes, and print smaller denomination notes first.
Unorganised labour, farmers and small traders have suffered huge losses over the past fortnight and fear a financial freeze.
Politics in India may run on empty promises but the economy can’t survive on empty coffers.
So, when the full impact of demonetisation is felt by the market, growth shrinks, jobs disappear and cash goes out of supply.The CMs of all the states are unhappy over this decision .
There will be a backlash. The BJP will be forced to pay a heavy price for the act of demonetisation.
Modi will have no option but to cry again .
U.Srinivas
Editor
