Modi Ji has really taken a BOLD STEP to eradicate the Black & FAKE MONEY but without proper thinking. This step is causing hardship to public. There are big lines to get the notes exchanged. Only 2000 rupee note is being given. ATMs are dry. Notes of 100 rupee is not avaiable. No shopkeeper is having the smaller notes to return the balance. Chemists are ready to accept the old notes but no money to return the balance. Govt. should first put the 100 rupee note in the market in good quantity before taking the action of new notes. After all one can not give 2000 or 500 note for the purchase of item costing 100/50 or 10 rupee. I fear peaple may start exchanging 100 rupee note for 110 or more in the same way old 500 rupee is being purchased for 400 rupees. So the planning lacks thinking of practicality. i have seen in News Paper that notes worth 17 Lakh crore rupees are in circulation & 88% of this is in 500/1000 domination. I feel only 50% of this should be in this 2000/1000/500 & 50% in lower domination of 100/50/10. more
As per times now 2 terrorists were killed near bandipura area who having 2000/- notes . how come terrorists could lay hands on new notes which has not reached full swing more
IT IS SAID THAT 1000/500 NOTES ENCOURAGE BLACK MONEY THAN WHY 2000 NOTE HAS BEEN INTRODUCED. WILL IT NOT PROVE BENEFICIAL FOR BLACK MONEY HOLDERS. 500/100 NOTES ARE NOT AVAIABLE. NO CHANGE IS AVAILABLE WITH SHOPKEEPER OR ANYONE. EVERYONE IS MOVING WITH 2000 NOTE IN HAND AND IS NOT ABLE TO BUY ANYTHING. more
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By SUBHASH PARAKH
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