No glimpse of hope for common man yet:Last day of depositing old notes
No Indian could ever forget the day when PM Narendra Modi on national television announced demonetization of old 500 and 1000-rupee currency notes. Today is the Last day of depositing old notes,here is all you need to know.
Ever since that day, common people are standing in long queues of bank to get their old currency notes deposited or exchanged. Economy saw downfall, worst in past few years if you may call it.
PM Modi when announced demonetization, with all the confidence one could muster promised the nation to get the situation under control within 50 days. “…help me for 50 days and I will give you the India you desired,”were his exact words. Well, Mr. Modi, 50 days are over. Now what?
Business houses are still under pressure. People are still standing in queues outside banks. Many still do not understand, how to use digital platforms for payments.
Influential people are still lounging in their comfy chairs and earning black money. Fake bank accounts still hold illegal cash. Above all, RBI is still not sure, what laws and policies to implement.
Cannot say about others but Opposition parties have surely achieved an agenda to attack BJP. Indians have supported demonetization to the fullest, believing in their Prime Minister’s words.
They were ready to support and are still supporting the entire fiasco with maximum of their capability. But are they satisfied?
With everyday changing RBI’s policies for depositing old currency notes and long queues, people were seen losing hope for the situation to get any better in the last few days.
Uncertainty and confusion continues even 50 days after 500 and 1,000-rupee notes were scrapped in an attempt to curb tax evasion and counterfeiting.
The government promised to restore normality by December 30, when a deadline to deposit defunct notes expires.
Well, no such signs are yet noted. But again, hope is everything. Let us wait and watch if PM Modi is able to fulfil his promise to give us India of our dreams.