Government Mishandling Post Demonetise Crisis

Yesterday evening one poor labourer came to a vegetable seller with a old currency of Rs 500. The vegetable seller told him, he had to purchase vegetables of minimum amount Rs 100, and he would be refunded 300 hundred. He had to sacrifice Rs 100 for the old currency.

Today there are news of maximum shop keepers charging Rs 300 to 400 for 1 kg salt in many places and many shops are closed fot entire day.

There are big lines in front of all banks and cash of banks is being finished within a span of 2 to 3 hours. Many peoples are worried and unable to exchange huge currency kept for the marriage. Banks have not sufficient money to keep in the ATM machines.

Situation is similar to Emergency and media have been instructed not to broadcast any news which contradict Modi's decision. Situation will be out of control in coming days if government does not circulate sufficient amount through banks and ATMs to the citizens.

The government failed to do proper planning before implementing such a big decision. Government tried to catch all the big fish but the small fishes have been stacked in the net.

Why Reserve Bank are not sending sufficient currencies to the banks so that Banks and ATMs can work properly? This is the problem of 130 crores citizen and the way things are going, there may be huge public anger and government may have to pay a huge price for this.

Comments

Post a Comment

Popular posts from this blog

Audit Quotation Template

Image
Goal: To simplify and facilitate document related business operation within the organization. Quotations are a bunch of documents that contain a list of company’s product or services which are offered to its prospective client.  Very often, they serve as a reply to organizations that have raised the request after inspection, survey and assess their requirements. The company always needs to create Quotation Template to meet the requirement. The Quotation Templates varied irrespective of business strategy and business type. While preparing Quotation Template, the following points need to keep in mind. Arrange the quotation in tabular form with the proper order of data required for a company. Keep spaces for all costs including miscellaneous cost. Keep space to tally the cost. Include your total rate of the project double checking your total costing. The quotation should have an identifier, such as a reference number, date, recipient, etc so that all records can archive or
Read more

In India, it is Ambanis who have brought revolution in the telecom sector

Image
It was at the beginning of the last decade when we had to wait in front of STD telephone booths for hours to make a phone call. After a long trial, we could hardly able to contact our dearest. It was very difficult to connect any number in interior areas from Delhi. Frequently we heard the following words, "all lines in this routes are busy, please dial after some time." We then heard the slogan from Dhirubhai Ambani, roti-kapra-makan-phone. We thought how will it be possible to get a phone without any makan because we had to frequently visit MTNL or BSNL office to get a land line connection! After submitting application, it could take months to get a new connection in rural areas. Also without owning any home or valid residential proof, it was hard to get connection in urban areas too. But today, when we see beggars owning beautiful smart phones and making phone call, then I remember the words Dhirubhai Ambani announced. It was Ambanis (Dhirubhai Ambani, Mukesh Ambani,
Read more

Branches of the Federal Government

Introduction The Federal Government of the United States composed of 50 states, one district, and many territories. The Constitution of United States of America provides a separation of powers. The federal government composed of 3 district branches which are as follows:     Legislative     Executive  Judicial Legislative Legislative makes laws, Executive carries laws, and Judicial interprets the laws. The legislative branch who draft and proposed laws include congress (the Senate and the House of Representatives). In each State, there are two senators which are total 100 Senators for 50 States. A senate serves six years terms and there is no limit to the number of terms a Senate will serve. In the House of Representatives, there are 435 elected Representatives. A Representative serves two years term but there is no limit of a maximum number of terms every individual Representative will serve. Executive The executive branch includes the President, Vice Presiden
Read more