Voice Of The People

Truth on Demonetization

Demonetization as a policy has been generally regarded in a positive light. Some of the loopholes within its structure have met with ideas of possible solutions for it. Jan Ki Baat attempts to bring some of these concerns to the table. The absence of special provisions for the disabled community and senior citizens has been noted at every bank and ATM. The Founder of Jan Ki Baat, Pradip Bhandari, requested the Union Minister of Finance, Arun Jaitley, to accept and implement some of the suggestions to amend this problem. Shaktikanta Das the Secretary of Economic Affairs, announced the addition of chairs and separate queues for the senior citizens and the disabled.

The PM of India, Narendra Modi, announced on the 8th of November, his government’s decision to demonetize the higher-denomination currency. The old 500 and 1000 notes were banned throughout India from morning of 9th November, with the citizens being allowed to either deposit their old notes in banks or get them exchanged, until the new 500 and 2000 notes come out. Such a move intended to renew the economic market place and rid the country of the black money it had accumulated till date.

These minor remedies would ensure minimum inconvenience to the citizenry and obtainment of maximum impact. Jan Ki Baat stands in support of this historical initiative undertaken by the PM.


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