Controversies Surrounding the Demonistization move - Use of Indeliable ink : Common Man or Con Man

DAY - 7

Genesis 2:2

By the seventh day God completed His work which He had done, and He rested on the seventh day from all His work which He had done.

It is really not right to believe that the Genesis of New notes on 08-Sep-2016,could have been completed within this time frame. After all, we really are not Gods.

There is no doubt that the move by PM Modi to abolish the Rs.1000 & Rs.500 bills came as a surprise to almost of all of us. Yeah ! there is fierce debate about who all knew beforehand. However, not even a single person has questioned the good intentions even after having to go through some amount of trouble to get hands of their own hard earned money. Every Indian is ready to bear the pain provided that this does have the intended effect on the eradication of Black Money.
However, this is where the consensus among different sections, groups & parties ends - Good Intention.The controversies lies in the way the implementation phase has been handled.
The basic step in any new policy implementation of taking the Team into confidence was lacking from the beginning and resulted in a comedy of errors (though the supporters would like to believe that it was intentional and of course it really was not so comic) with PM's Office issuing statement after statement and the RBI along with related infrastructure struggling to keep up with any of the promises.

Their is still no respite for the common man who is still struggling to get some cash owned by him which he has earned with his hard work and put in the Banking system for safekeeping (a service for which he is charged). 

Now, the Economic Affairs Secretary Shaktikanta Das has now announced a brilliant idea to curb the queue by using indelible ink. It is quite shocking that in spite of the repeated Press Releases by the RBI regarding claims to have enough cash, they have to resort to such an idea. This announcement directly contradicts the claims by various Government Agencies regarding the availability of enough money. Instead of focusing on the issue of solving the cash crunch and hunting down the oversees Black Money, these sort of antics will only lead to erosion of mass confidence.  It is quite absurd that one has to Queue up for getting back the money he has (Which incidentally the Governor had promised to honor), and that to in small chunks. No one would/ could have believed me just a week back. But now, it has gone one step further to Insanity. It is quite pathetic that the persons responsible have mistaken the Common Man to be the Con Man. Thinking aloud - For ensuring that the bills in my hand (which the Governor had promised me to honor) could be exchanged for new currency (which again incidentally, the Governor has promised to honor), I am being made to queue up and being marked in the process

The routine of common man in India has only one agenda everyday, for the past 7 days - Queue Up and wait for the magic to happen. Yes, it sure has become a magical feat to be actually be able to get the your money. 

It is good to see that at last the ruling faction has called for an all party discussion on the issue. It is already established that this will be the condition till the end of this year. It would be good, if the concerned persons would actually admit this, approach the matter in a more mature and systematic way and meet the deadline, if not better it.

I will wrap up with an ironic fact regarding the IT Department keeping an eye on the cash deposits above Rs. 250000/- (of the Common Man, mostly).  Dire consequences are being announced for unexplained amount above this limit. If we compare this just to the missing Rs. 9000 crore from just Vijaya Mallaya (one of the Con Man) - The department will have to go through at least 30 lakh accounts (36 lakh to be more precise), as the chances for actually depositing unaccounted money above this limit after all this fanfare is abysmal. 

It is high time that the decision of this magnitude which is sure to be have huge positive impact on the future Indian economy will be backed up by better level of Management & Implementation.