Demonetisation: When cash played peek-a-boo

Industrialist Rajiv Bajaj has said that the idea of demonetisation itself is wrong

rahul

Rahul Dass | February 17, 2017


#Rajiv Bajaj   #Demonetisation   #Narendra Modi   #Blog   #Currency Ban  
Representational image
Representational image

Post-demonetisation, cash did the Houdini vanishing trick at ATMs. With currency notes playing hide and seek, life was sheer misery. Things improved a bit, but the situation is back to square one. The ATMs are running dry, yet again.

Rajiv Bajaj, scion of the family that makes hugely popular two-wheelers, hit the nail on the head when he said: “If the solution or the idea is right, it will go like a hot knife through butter. If the idea is not working, for example demonetisation, don’t blame execution. I think your idea itself is wrong.”

He was clearly frustrated with the scrapping of Rs 500 and Rs 1,000 currency notes on November 8 that triggered a huge crises and forced people to stand in serpentine queues for long hours.

When a business honcho speaks, it is time to listen carefully.

“If your innovation in the country depends on government approval or judicial process, it will not be a case of ‘Made in India’, but ‘Mad in India’. After five years, we are still waiting for permission to sell our four-wheeler in the country,” he said.

Bajaj has a good reason to be worried. Following demonetisation, the sale of vehicles, including two-wheelers, went south. Bajaj Auto’s total domestic sales were down, something Rajiv Bajaj must be finding hard to digest.

He has given a voice to millions who have been wondering for the past few weeks, why demonetisation. The promise of flushing out black money was a dud. The goal posts were shifted. The idea was to turn the country into a cashless society. That too did not happen.
The queues at the cash just show that people still want to use cash, a perfectly valid currency. If the government is finding this hard to understand, then let the top politicians and officials stand in the queue at ATMs to help them understand why the common person is upset with demonetisation.

In fact, it will be wonderful to have a VVIP in our midst, which will make a great photo-op to click a selfie, and brag about it on FB, WhatsApp, Twitter.

Any VVIP up for it.

Comments

 

Other News

Mumbai`s stalled building projects: Is self-redevelopment the real solution?

Land in Mumbai city, which is surrounded by water on three sides, is scarce and has a premium. Property prices in certain areas of financial capital of the country are as much as Rs 1 lakh per sq ft. Yet, 5,800 buildings have been lying in a stalled condition for the last 18 years. Meanwhile

Revadi, electoral reforms and fiscal responsibility

Revadi (sweetmeat) or more popular word, ‘freebies’, has been dominating headlines recently. A public interest litigation (PIL) has been filed in Supreme Court to bar all political parties from making such promises. In response, one leading political party, Aam Aadmi Party (AAP), has filed thei

Jal Jeevan Mission: 6.70 crore households provided with tap water connections

Since August 2019, Government of India, in partnership with States, is implementing Jal Jeevan Mission (JJM) to make provision of potable tap water supply every rural household by 2024. As many as 6.70 crore households have been provided with tap water connections in the 35 months, since Aug

Cloud inclusivity: Ensuring highly regulated organisations are ready for a cloud-first world

Over the last few years, cloud has been able to create a special place for itself amongst fast moving, competitive and growth-led organisations. As the technology became an imperative, it has undoubtedly created unique business opportunities and isbecoming an anchor for innovation for leading businesses gl

1.29 crore voters chose NOTA in five years

None-of-the-above, or NOTA – the option introduced for voters in 2013 when they don’t want to support any of the candidate – has made some progress. In the past five years, NOTA has secured 1,29,77,627 votes in state assembly elections and Lok Sabha election, according to an analysis by t

India committs to reduce Emissions Intensity of GDP by 45% by 2030

India stands committed to reduce Emissions Intensity of its GDP by 45 percent from the 2005 level by 2030 and achieve about 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. The country’s India’s updated Nationally Determined Contributi

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter