The late-evening message on 8th November, 2016 changed the entire course of Indian economy: Narendra Modi made an official announcement to pull Rs 500 and Rs 1000 notes from circulation, in order to curb the black money problem.
However, with each passing day, this move seems to have royally backfired and it seems to be a grave miscalculation on Modi’s part. Here’s proof to back this stance. (Please spare me the dreadful sermons for not agreeing with the government’s move and yes, I am aware about the sacrifices made by the Indian Army at the borders.)
Sarju Devi is the recent ‘victim’ to this demonetization policy. She is a resident of Maurawa road in Mohanlalganj.
The woman in her late 60s was obligated to go to the bank, which is situated 25 kms away from her house, because her son, Ram Kumar Yadav has been diagnosed with last-stage-abdominal cancer.
After standing in the long queue, she was given a heavy bag of Re 1 coins against Rs 2000.
“Is it justified? After spending hours in queues, to get my own money, I am being paid in one rupee coins. The bag weighs around 17kg, that I couldn’t even carry home,” said Sarju, as she fulminated against the mere indifference displayed by the bankers.
After getting the heavy bag of coins, Sarju implored the bank employee to exchange the bag as it wouldn’t serve the purpose of her son’s cancer treatment.
Unfortunately, she was met with the bank’s brazen reply, “‘jo milega wohi to denge (bank will give money in whatever denominations it will receive), lena ho to lo, warna jao (take it, or go back).”
Thanks to the demonetization policy, Sarju cannot afford to get her ailing son treated as the hospital is not accepting the change tendered to her.
“Radio therapy keeps my son going. Since three days, we couldn’t get it done as no one is accepting the change. They don’t have time to count Re 1 coins.”
A significant proportion of the population has been crushed by this new policy – especially the poor people, whose daily earnings fuel their day. Only a sizeable chunk have access to the ATMs and most of them are obligated to visit the banks, which also means on losing out on their daily earnings.
Just like Sarju, many people from Mohanlalganj are voicing their angst against this classic move which promises to control the black money problem. We can’t ignore the fact that the move has huge loopholes and ‘having patience’ is definitely not the sole answer to the woes.
Rajesh Sharma, whose daughter is getting married, said:
“I am paying through cheques as I don’t have any other option. Though not everyone is accepting it, but I am convincing all that the cheque would be cleared.”
Lalla Ram, a farmer from the same village said:
“Most of the farmers deal in cash. How will they get pumps, fertilisers and other equipment when there is no cash…the problem seems to be big, as of now.”
Is the country’s economy vital at the expense of someone’s life?
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Source : Being Indian
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