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Demonetisation: One day waiting is intolerable

Demonetisation: One day waiting is intolerable

One day waiting is intolerable

As the news of scrapping of the currency notes of Rs.500 and Rs1,000 demonetisations were announced, ordinary middle class people are panicked and have queued in front of the ATMs, even though the PM has announced that they can exchange the notes of the above denominations on the 10th November and start remitting them from 11th Nov onwards, mindless crowds were seen last night.
Both the above denominations lose their legal tender only for one day.

I have walked upto a distance of 1 km and back and could find only people in the 25-40 a the group were seen with due patience. They preferred to wait in the queue but have not bothered about what denomination of currency they will get during their turn.

As such there is no economic crisis. The crisis is only for the hoarders of black money, who do no seem to have panicked. But the middle class people deeply worry as if some earthquake has occurred. Greater crises were witnessed in the country during the World War I and II. As such there were no run for money those days but scarcities were there in some essential commodities with the introduction of kerosene, sugar, cloth materials. Despite the scarcity of such essential commodities people could conduct their family functions like marriages but restricting their needs and simplifying the events. That courage is not seen with the people of this generation.

During the tenure of Indira Gandhi, she used to spread rumours about invalidating Rs.100. But she never tried it. Dr Manmohan Singh with his good academic record and a winner of gold medal in the London School of Ecoomics could only eliminate 0.25 np coins. But, Mr. Narendra Modi could take a strong decision. In the interest of the nation we have to bear minor difficulties rejecting the words of the unscupulous politicians. Dr.Singh was thinking only at the micro level,but Modi thinks at macro level.

I have walked upto a distance of 1 km and back and could find only people in the 25-40 a the group were seen with due patience. They preferred to wait in the queue but have not bothered about what denomination of currency they will get during their turn.

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Jayatu Subhas,

C M Amrtheswwaran

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