ANOTHER SILENT DEMONETISATION ???
People are finding hard to do daily transactions with denomination of 2000 and also 500's are not sufficient enough in circulation. Government has launched 2000 instead of 1000 to infuse digital economy and defuse the cash economy. But Government has misunderstood the economic paraters despite warning by former RBI Governor - Mr.Rajan. Our nation is still not capable with sufficient infrastructure and also digital systems are not secure. Government has failed to listen to (asusual) or care about this, before launching demonetisation in this agricultural based and wide demographic nation.
Also almost the entire currencies demonetised (even more than that including fake currencies) has returned back to RBI and then where the mission of government in curbing black money has gone. Either government missed to execute the demonetisation properly or it should be an political stunt for votes & fame. But the cost paid by the common public for the fault of upper class people & businessman is not justified or justifiable !
Now, Government has silently reversed his decision and launched 1000Rs notes in recent time. The circulation of 2000Rs has reduced and they are infusing the 1000Rs. more and more. Also Mr.Arun Jaitely was silent in parliament and have note responded clearly to the question of whether the 2000Rs are going to demonetised. But the way things are moving up, we can expect the 2000 Rs. to be silently & secretly demonetised by the government. Because this government will not accept it's failure with beating on his chest and also they wont announce it public citing the recent assembly elections in many states.
Finally ! when it comes to politics, the vote matters more than public.
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