A month into India’s demonetization initiative, long lines of people looking to exchange notes still spew out of banks, some sectors of the economy continue struggling with the lack of readily available cash, grassroots businesses are still being revolutionized with electronic payment capabilities, and masses of people continue transitioning towards new ways of paying for basic goods and services. On Nov. 8, 86% of India’s currency was nullified in a great demonetization effort that aimed to clean out the black market's cash supply and counterfeit notes which completely disrupted the social, political, and economic spheres of the world’s second largest emerging market. All 500 and 1,000 rupee notes were instantaneously voided, and a 50 day period ensued where the population could (ideally) redeem their canceled cash for newly designed 500 and 2,000 rupee notes or deposit them into bank accounts. India has done this before. In 1946, all 1,000 and 10,000 rupee notes were recalled.
Before reading let me tell one thing this write up is my own opinion no offense to anyone or any organization. Sir I have a question for you which no one would have been ever asked to you before. Sir what you had done if you wanted to nominate yourself for election and the election committee board had a criteria where if someone wants to nominate himself for election must have 75% in his 10th and 12th? What if there existed a rule that one should have to be under graduate to become prime minister of this country. Would you be in a position to say "bhaiyo aur behno jab jago tab savera" which you used to say while addressing to public. Sir after knowing that instead of going to school you used to sell tea because of your poor financial condition and now you can't be the prime minister just because your past doesn't allow you to complete a criteria. Would you able to say this?. What if I told you sir that till my 12th grade I wasn't serious at all about my
Comments
Post a Comment