The narrative in India has changed since 8th Nov 2016. Money and cash are the only topic people are interested and they are talking. Going to the banks is everyone’s daily schedule. Queues, frustration, waiting, life on hold, poor affected, business are at a halt, rich are worried, marathon working by bankers, many example selfless volunteering, instigating political leaders and media and what not. Media, opposition all are crying as per their allegiance/alliance/bias/prejudice with the Govt. and the PM.
In a country which is largely illiterate about economics, dynamic economic decision faces many hurdles especially from the opposition parties with selfish motive or opposing for the sake of opposing ignoring the national interest. Increasing railway fare for a loss-making railway is also a challenge in our country.
Some pointers on Demonetisation:
There will be some other peripheral effects also which will be known as and when it happens.
This may not be the only step we all know, but this is a very important first step.
Inconvenience, Yes, that RBI , Govt and even PM know. We were proud of our RBI and banking system during the 1997 Asian crisis and 2008 Lehman brothers crisis but now questioning the competency of RBI.
Bankers are doing and executing a mammoth task and some issues are bound to happen. We all must support the system and make it easier for the Govt and RBI to get over the short-term problem, rather than creating and spreading messages of panic.
People (3/4/5) are dying in queues and we are sorry about this. But people are also dying on borders and in terrorist attacks and for poverty and hunger. All the three categories can be saved with this measure.
Rs.2000 notes will enable more corruption. Well, apart from our mindset, stricter laws and its implementation will eradicate corruption, not currency denomination. Present exercise is to bring out the fake/black money and make a new beginning. (Corruption will not go as long as we pay the constable at a signal when we break the law.)
Everything for the nation is inconvenient; be it fighting on the borders or fighting for the freedom or fighting black money. Do people who think and talking about the inconvenience thinks soldiers on the borders and freedom fighters were fools or less inconvenienced?
We want to end corruption when it hurts us, but we indulge in it when it helps us.
Some media journalists are showing inconvenience and hardship of the poor as a focus of the demonetisation. But in a corrupt country, poor remaining poor is a greater hardship than hardship for a few days for the larger good. These journalists, hope so not biased, do not understand whom they are supporting and what harm they are doing to the economy, by their myopic views.
Some people fought against corruption and after coming to power stand with people supporting corrupts and creating panic in the guise of poor people.
One selfless leader is doing some good for the nation, support him at all cost and inconvenience. One can check the RESUME of the opposition leaders who are opposing the move. You may look around the alternative leadership available in the country and make up your mind with all the inconvenience who should we support?
“Leadership is not about the next election, it’s about the next generation.” Simon Sinek