Akriti Bhatia of Jan Ki Baat spoke to Sonu-ji, post-demonetization, to understand the public mood. Sonu-ji enthusiastically told us that demonetization was a good decision on the governments part as it was a solution to numerous problems, all under the umbrella of corrupt practices. The illegal accumulation of money would be captured and so would those in whose possession it was found. The fear of legal penalties has made these tax-evaders and hoarders burn their stacks of money.
The night of 8th November proved itself to be a surprise for the whole of India, with PM Narendra Modi announcing his governments issuance of a ban on two of the highest denomination Notes. The move, designed to delete the existence of black money and black economy, couldnt have been discussed as secrecy and confidentiality were required. The decision, for it hopes to fulfil, has also seen some criticism from various segments of the society.
Concerns that people have voiced reflect the lack of planning in the demonetization policy- whether theyre temporary, as the government and RBI repeatedly assures us, or long-term, remains to be seen.