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

80 percent abortion in India through medicines: Lancet

 Three in four abortions in India are through drugs from chemists and informal vendors rather than from health facilities, said a report in The Lancet. An estimated 15.6 million abortions were performed in the country in 2015, reports The Lancet in its latest released paper on ‘Inciden

A turbulent journey so far for seaplanes in India

Prime minister Narendra Modi’s seaplane ride in Gujarat is certainly unique, but it is not as historic as it is being made out to be. Gujarat chief Minister Vijay Rupani said this is for the first time in the history of the country that a sea-plane will land on a water body and that wi

GAIL fast tracks implementation of Pradhan Mantri Urja Ganga project

 GAIL has awarded a contract for laying 520 km gas pipeline connectivity from Dobhi (Bihar) to Durgapur (West Bengal), including 120 km line to Jamshedpur (Jharkhand). With these awards, major contracts for phase two of the Jagdishpur-Haldia and Bokaro-Dhamra natural gas pipeline (JHBDPL) project have

Indane LPG refill booking through FB, Twitter launched

 IndianOil corporation (IOCL) has launched Indane LPG cylinder refill booking through social media platforms like Facebook and Twitter. Director (marketing) Gurmeet Singh emphasised on the need to leverage technology and the growing social media to provide simpler and effective options to cu

Time for India to adopt DNA forensics to solve crime

Forensic DNA has emerged as the world’s greatest crime fighting technology. Many countries are effectively using forensic labs and protocols to collect, test and compare DNA at crime scenes with that of suspects with promising results. While the law machinery the world over is increasi

Do you think sea-planes can be used to improve air connectivity?

Do you think sea-planes can be used to improve air connectivity?



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter