Tuesday 15 November 2016

Whole new meaning to "getting inked"


Ok so overnight our economy has changed. Suddenly on the night of 8th November, the currency that we had kept safe in our lockers turned to dust. There has been mixed reaction to this announcement - disbelief, joy, frustration, anger, respect, admiration and a lot of chest thumping.. Rightly so, as BJP has done something that Congress did not dare to do during its 10-year preceding reign. 

But the government under-anticipated the inconvenience caused to the common man. In India, there is a huge gap between policy declaration and policy execution. As usual on the delivery front, there is a serious lack of co-ordination and organisation leading to chaos and confusion. The media has been continuously covering the long queues outside banks and ATMs. There isn't enough legal currency to keep the country cash sufficient. The common man being interviewed is all praise for the move but is finding it so difficult to get his cash exchanged or deposited or withdraw. 

But to add to this confusion, for old cash exchange, certain unscrupulous elements were deploying a number of people at various banks to exchange their cash illicitly. In reality, each person can exchange the old notes only once upto Rs. 4500 till 24th November 2016. Such people are queuing up again and again to exchange notes thus clogging up the lines and slowing down the whole process causing great inconvenience to honest citizens. 

When the government realised this, it came up with the idea of inking the citizens who come for exchange of notes. This gives a whole new meaning to getting inked! But instead of cribbing about it, it is in national interest to co-operate with the government and abide by it. This too shall pass and I look forward to a new era of level economy. 

Jai Hind! 

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