Industrialist Rajiv Bajaj has said that the idea of demonetisation itself is wrong
Rahul Dass | February 17, 2017
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.
In the face of the Covid-19 pandemic, people of India have realized their collective strength, prime minister Narendra Modi said in a short video message Friday morning. He also urged people to light lamps Sunday night as a gesture of this collectivity. “Today marks nine days of the na
Demobilization, like its predecessor – demonetization, is another decision gone bad in implementation. In both instances a careful public administrative action through its governance systems could have saved the magnitude of impact particularly on the most vulnerable sections of the society. Th
In a bid to break the “chain of transmission” of the deadly Covid-19, India, a country with more than 1.3 billion population, observed a voluntary ‘Janata Curfew’ on March 22. This has been followed by a 21-day, nationwide lockdown from March 24. Prime minister Narendra Modi also re
To take speedy decisions on research and development for Sars-Cov-2 virus and COVID-19, the government has constituted a Science and Technology Empowered Committee. The committee, set up on March 29 and chaired by Niti Aayog member, professor Vinod Paul and professor K Vijay Raghavan, princi
Covid-19 may turn out to be the last straw that broke the camel’s back so far as the real estate sector is concerned. It broke out at a time when pundits were estimating the GDP to be hovering around 2.5% with unprecedent levels of unemployment. This itself was a good indicator that the real estate s
As COVID -19 cases continue to rise amid a 21-day lockdown, the centre and the states are proactively taking measures to provide aid to the underprivileged and the needy during this unprecedented situation. By Sunday morning, India had registered 27