Akriti Bhatia, the co-Founder of Jan Ki Baat, spoke to a few rikshaw-pullers at the Vishwavidyalaya Metro Station about demonetization and the Delhi governments response to it. Dismissing Kejriwals speeches opposing Demonetization, a rikshaw-puller felt that voting for Kejriwal was the a bad decision on his part as a voter. The renowned activist Anna Hazares supporting the Modi governments move to demonetize the higher-denomination currency was a good things, according to those assembled at the Station. They also lent their unequivocal support to the Central government: Its a just for a few days, everything will settle down soon enough.
The PM of India, Narendra Modi, announced on the 8th of November, his governments 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.
The effects that demonetization has had on the residents of India have been poles apart, with some calling it a good enough cause to unite Indians and cultivate honesty and others seeing it as anti-poor, anti-middle class policy. The diverse reactions to it need to be recorded to understand the variety of effects financial policies have on different social classes and sections.
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