Skip to main content

Demonitization - Boon or a Bane

Short Term - Bane
Long Term - Boon (Only Time will tell)

Its been 2 weeks since PM Modi announced that 500 and 1000 rupee notes would be of no use in India (now that's a midnight surprise -well,not literally, but I'm super close).

In these 2 weeks, every bank watchman has done much more work than he would have done in the past year. Bonus toh banta hai.

People standing in queues to get their money converted or to deposit has become a normal sight. Standing in the lines can take upto 3 hours on really bad days. (I had my exams, so was exempted from that tedious and super boring task).

But I must say the banks are trying their best to handle the situation. Waterbottles are being handed out to people as well as separate lines for senior citizens have been placed along with chairs.
But as they say, Its all for the greater good.

Is it ?



These two weeks have been total chaos. Now, people are finding it difficult to find solutions to their money problems.

 The ATMs are not being stocked fast enough as the lines seem to be getting longer. Also, the new 2000 rupee notes are longer in size as compared to the earlier ones. Hence, it's taking time to fit them in the  machines.

The PM said that this planning has been going on since months, but for better effect the announcement had to be sudden. I totally get the point, but why did the notes have to be made longer. I doubt anyone ever complained about the earlier notes being too small for their wallets. *lol*

I don't even like the "EOSIN PINK" color of the new notes. (I got that piece of information from one of my medical student friend, so you can safely rely that statement.*hehe*) .

Secondly, I really don't understand the funda of replacing 500 and 1000 rupee notes with a higher denomination. Isn't black money going to resurface again ? Somebody please enlighten me. And yeah, there are no "nano chips" embedded in the new notes. The messages circulating on the Whatsapp groups was a hoax.

But if there's something even more minute, which is going to help, then hats off to whoever made them. Because I really can't see anything (I have a good eyesight).

And thirdly, here's some important news. You can deposit upto 2,00,000 rupees without arousing suspicion. But don't try to transfer money to someone else's account with the understanding that you will be getting it back. The party at fault will be sentenced to 7 years IMPRISONMENT.
Harsh, huh ?

It's better to just own up to hoarding black money rather than going to jail. After all, part of it was anyways illegal. kal tax bharna tha, nhi bharaa. Toh aaj hi sahi. Deri kis baat ki ?

And answering the first question. I really hope it proves to be a boon. Because if it isn't, it's going to be a national disaster for PM Modi.



Comments

Popular posts from this blog

Close Encounters - Spotting a LEOPARD 12ft away @Nagpur

Presentations, college activities and research work had become my life. Spending 4-5 hours on the laptop and another 3 on the phone had become an everyday thing. Not that I was complaining, but when my college's Nature Club teacher in-charge Prof. Radhika D'Souza asked me if I would like to come on a 4 night, 5 days trip to the Nagzira Tiger Reserve in Nagpur, I immediately said yes. The trip was scheduled from the 28th of December to the 1st of January 2019. This meant that I would be missing my birthday as well as New year in one shot. But trust me, I didn't regret my decision one bit.
Our train was from CST at 3pm. There were around 40 other people on the trip (whom, by the way I didn't know at all; except for a few. But I later on realized that it didn't matter who you knew or didn't know at the beginning of the trip. By the end of it, there wasn't a single person whom you couldn't smile at). This was to be my first long distance train journey. So I…

Today's students be like....

CRPF Personnel martyred in J&K

The Central Reserve Police Force (CRPF) is the largest of India's Central Armed Police Forces. The CRPF's primary role lies in assisting the State/Union Territories in police operations to maintain law and order and counter insurgency. With 239 battalions and various other establishments, the CRPF is considered India's largest paramilitary force and has a sanctioned strength of 313,678 personnel. 



Yesterday, at 3:15pm, a Scorpio driven by a Jaish suicide bomber who was a local youth carrying a huge amount of explosives, deliberately crash banged into 1 of the 78 trucks which formed part of the convoy carrying approximately 2500 CRPF personnel who were returning from their vacation and proceeding to resume work in Awantipora, 30kms from Srinagar.