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

Thackeray orders probe in Nashik Hospital gas leak tragedy

The Maharashtra government has ordered a probe into the tragic incident of oxygen leak at the Zakir Hussain Hospital in Nashik district, in which 24 Covid-19 patients on critical life support have died. Chief Minister, Uddhav Thackeray expressed grief over the tragic incident and announced

"Maharashtra opposition interested in politics, not public welfare”

Refuting any political instability in the state, Jayant Patil, Maharashtra cabinet minister and state president of Nationalist Congress Party (NCP), has said the government is very stable and there are no differences among allies. The senior leader accused the opposition of ‘playing po

In Mumbai, decline seems to have begun

Amid a virulent second wave, as Mumbai scrambles for hospital beds, the civic authorities have said there was no need for panic since 3,685 beds were still available in the city for Covid-19 patients as of Tuesday evening. Also, after a surge there has been a decline with new cases coming down to 7,000-8,0

UP govt hospital goofs up Covid test results

At a time when the country is fighting the virulent second wave of Covid-19 with daily cases upwards of 2,50,000, testing is of critical importance, but government-run labs are not only delaying reports, in one case there was a goof-up and a negative report turned to positive within a day. A

Politicians trade charges as Covid breaks previous records in Maharashtra

A political war erupted between the centre and Maharashtra over supply of essentials including medicines and oxygen as the state struggles to control the raging Covid-19 amidst scarce health infrastructure. Maharashtra has seen a consistent rise in Covid infections and recorded 67,123 new c

Remdesivir procured at high prices to save lives: BMC

Countering the opposition BJP’s allegations of corruption in the procurement of Remdesivir, a critical anti-viral injection often prescribed for Covid-19 patients, the BrihanMumbai municipal corporation (BMC) has clarified that its decision to procure the drug was aimed at saving  lives even if

Masterminds Masterclass with Nikhil Mahadeshwar, Cybersecurity Expert & Co-founder, Skynet Softtech



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter