Demonetization India: It has been a week since demonetization has taken over the Indian economy and during these days huge hassle has been faced by the Indian masses. Long queues in front of ATMs don’t seem to end and many of the ATMs in metro cities have been non-operational owing to lack of new currency.
Demonetization India – Banks step up to curb chaos
Now the government has decided to use an indelible mark to identify the individual who has already exchanged the old notes to lessen the crowd. But the masses have been condemning this decision as they believe that it would only worsen the chaotic situation in the country.
“Modi is saying give me 50 days to deal with the crises. But who created the crises?”
-Randeep Surjewala, Congress party Spokesperson
Frustration among the people has been rising. People lack money to buy the groceries and medicines. On the other hand, those who need huge funds for weddings face umpteen obstacles to gather funds and with the new decision of GOI to use indellible mark for individuals who have already got exchange, is supposed to aggravate the problem.
Small businesses are also amongst the worst sufferers, as lack of funds has affected their business adversely.
“We’ve been trying to analyse reasons for long queues. It has come to notice that same people are visiting the banks again at some places.”
–Shaktikanta Das, Economic Affairs Minister
The Finanace Ministry has however asked the people not to panic as it is making efforts to bring the chaotic situation under control.
Earlier it was being said that the new notes are losing colour when one washes them, the Ministry has responded that if the new notes are bound to lose colour when washed, if they don’t, they might be fake notes.