Pradip Bhandari, the CEO and Founder of Jan Ki Baat, spoke to the common man to understand the impact of demonetization on the ground-level. Though it promises to be good, demonetization could have avoided the public uproar and resistance if it had been planned better. Time is currency and the manner in which it is being spent November 8th onwards, isnt an ideal way. Its worthiness will only be proven by time; whether demonetization has transformed India and established itself as a historical marker of change remains to be seen.
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.
#JanJanKiBaat urges the public to voice their opinion about the governments policy of demonetization, in order to enable them to voice their concerns.