Yuva Bharati - December 2016

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When the Prime Minister announced about the demonetization on 8th November 2016, it sent a wave of surprise to all in the country and a shocking blow to those who have amassed millions of unaccounted money. While the shock and surprise are yet to dip, the effects of demonetization are already beginning to show. While the hoarders of Black money are shedding crocodile tears about the sufferings of the common man standing hours together at the bank to exchange his old currencies, their allies in the guise of journalists and financial experts are finding loopholes in the arrangements. Many of them argue that this should have been better planned, so that the misery of the common man could have been avoided. This was not only a very bold and selfless initiative done by the government but also a very secretive one, to which only very few people are privy. And Modi baiters very well know that any level of planning and gearing up would have alerted the very men who are the real targets of this action. Don’t think that they are ignorant, they are only being complicit. Hoarders would have immediately converted their ill gotten money into any other form. But it is also not correct to say that the government caught the common man and small time traders unaware. If you look at the various steps taken by the present government you can very well understand that the government is taking a steady but sure step towards bringing the parallel economy to task. First it was the Jan Dhan Yojana scheme which could get a total of 25.51 crore new accounts as on 9.11.16, which basically comprises of farmers and people in rural India.