LocalCircles - Demonetisation Poll and Way Forward

While most of you have outlined strong support for demonetisation, only 51% said the implementation has been good. Below is the survey report as covered by India Today and many others

http://bit.ly/localcircles-indiatoday

With this post, we seek your inputs on what should be done to stimulate demand and ensure trade and business doesn't slow drastically and labour doesn't loose employment and earnings.

We look forward to specific inputs and then working with the Government to take actions! more  

View all 56 comments Below 56 comments
Idea was very good but implementation has been very poor. more  
Mobile ATM which was successful in another state. Make it compulsory for banks to make all ATMs operational or else confisticate the area & let another bank use it to install their ATM. Malls & shopkeepers with card reading machines should not ask the customer the pin no. The customer should be allowed to type in the pin no instead of orally saying it to the shopkeeper. Most malls & shopkeepers do not allow customers to touch their card reading machines & insist on the customer telling them their confidential PIN no. Hence, people resort to only cash transactions. more  
While the queue before banks in Bangalore are minimal, in Calcutta, Allahabad, Varanasi, etc. as shown by TV channels, are very long and people seem to get tired standing in queue for long hours. Why is this so. Is it because the banks in those places do not care about the suffering of the people or more black money is being converted through the poor people. The central government should look into this matter and take some remedial action. more  
Government should evolve method to restrict the exchange / deposit of old currency to the maximum amount held in respective account in previous 3 months. They should allow withdrawal from the account to the extant maximum of what they had in their account in previous 3 months. more  
Luckily the poor people in India are not wild else there would have been uncontrollable Law & Order Problem, because Exchange of Old Defunct Currency notes with new ones has been handled in very bad manner. It is a matter of common sense that when Old Defunct Currency is being exchanged, those who have stashed black money in jute bags in shape of INR of denomination Rs. 500/- & 1000/-, will try to get it exchanged to maximum possible extent by making use of the huge population of poor people who can stand in queue for months together if paid for doing so. In States where Assembly Elections have to take place shortly, no Identification Mark is being applied on fingers of those who exchange old currency notes with new ones. As a result there will remain endless lines of people for exchanging the old notes as this is being got done by those who have Crores and Crores of Black Money. The Anti-BJP and Anti-India Audio-visual Media (Indian TV Channels) are simply broadcasting the misery of the poor which people and media in Europe, USA, Canada, Australia etc. is not taking kindly. As a result those who were earlier praising Indian Govt. and PM Modi are not badly criticising. Most painful is to feel and observe that a large section of those in power in BJP too are sitting tight and doing nothing to try and help the situation. This gives the impression that even in BJP all are not honest and by and large many on BJP are as corrupt as the others. Hope those who must understand will understand this because irrespective of whether or not the poor public in U.P., in particular, is suffering is a matter of deep investigation but the impression, that goes through relentless broadcast of misery by Anti-BJP and Anti-India TV Channels, is that POORS ARE SUFFERING AND DYING AND BJP GOVT. IS SLEEPING AND DREAMING. more  
Post a Comment

Related Posts

    • Abolish Taxes because you aren’t delivering services to people

      If India abolishes taxes: (1) People would get money in hand to buy critical things like Air Purifiers (2) More foreign businesses would come. And, make India their base (this wil...

      By Ruchika L Maheshwari
      /
    • VIP culture rampant in India

      So glad that the LC manager has finally released the VIP culture survey. Saw in NBT yesterday and today in english media.

      By Amit Mishra
      /
    • Compromising Information of Children

      After Aadhaar, now it is ANOTHER 12-digit unique ID for school kids called APAAR ID which the Education Ministry has launched! Parents are being asked to give “consent” so that their ch...

      By Ruchika L Maheshwari
      /
    • We Indians are losing out

      The Indian rupee has lost approximately 42% of its value since 2014. In ten years, the value of your ₹100 has become roughly ₹58. ⚠️ - Are you analysing what's going on with your sa...

      By Mukul Puri
      /
    • Inflation impact and Government inaction

      Economy is struggling … Inflation at 14 month high … Govt doesn’t care about - reducing the fuel prices although crude is at 52W low - Onion pri...

      By SN Mittal
      /
    • INR to USD at 105 within 5 yeara

      INR continues to fall because: there is less demand of INR in the international market (in context of USD/AED). you need to know this fact:- Every time INR depreciates by 4%...

      By Ruchika L Maheshwari
      /
    • Indians are becoming poorer

      Exchange Rate of INR(₹) Against USD($) • November 2004 - ₹45.03 • November 2014 - ₹61.01 • November 2024 - ₹84.07 Value of ₹1 Crore is Not The Same An...

      By Sanjit Jha
      /
    • China vs India

      Some weeks back this circle was discussing China And doing polls on much Chinese Indians were buying China will eat India's manufacturing business in a blip and we won't be able to do a ...

      By Aseem Das
      /
    • Black Money and Real Estate

      What an eye opening survey by LocalCircles on black money in real estate. https://www.l...

      By Mala Sehgal
      /
    • Developing Tourism

      Foreign Tourists in 10 Months of 2024. Thailand: 29.08 Million Vietnam: 14.1 Million India: 4.7 Million (till July) This is one of the major sector for employment a...

      By Shikha Jain
      /
    • Challenges of India must be acknowledged

      [1] INR all time low, no problem [2] Taxes all time high, no problem [3] Corporate Haircuts running in 1000s of crores, no problem [4] PF money getting stuck, no problem [5] ...

      By Ruchika L Maheshwari
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)