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Note ban hits aam aadmi the most :JAC
The Joint Action for Communities’ president Dr J B Raju on Sunday bemoaned that the sudden demonetisation of Rs 500 and Rs
Pathetic situation remains unchanged even 25 days after the note ban
Hyderabad: The Joint Action for Communities’ president Dr J B Raju on Sunday bemoaned that the sudden demonetisation of Rs 500 and Rs
1,000 currency notes by the Narendra Modi government on November 8 has affected the lives of middle, lower classes and common people as
the Centre miserably failed to make alternative arrangements to save the teeming millions from the unprecedented suffering.
Speaking to media persons here, the JAC president said from the very next moment after the announcement of demonetisation by the Prime
Minister, the cash-starved people in hundreds thronged the ATM centres everywhere and waiting in long queues for withdrawing money to meet
their daily expenses. The hapless people were patiently waiting in the serpentine queues without food and water for hours for procuring money.
Some people like women, senior citizens and patients, waiting in the queues for hours fell down unconscious and a few of them even breathed
their last.
Dr Raju said the pathetic situation remained unchanged even 25 days after the demonetisation due to the insensitivity of the Centre and the
Reserve Bank of India. Though the government has assured that the situation would become normal in about 50 days, the economic experts
strongly feel that it will take at least nine months for return of normalcy of cash withdrawal operations because the RBI could only print 250
crore currency notes per month.
Stating that there are only two per cent of people in the country having unaccounted money, the JAC president said the Prime Minister had
chosen to put 98% of the country’s population to unprecedented hardship instead of launching a direct surgical strike on the black money
holders to flush out the tainted money. Though the government knows very well about black money hoarders, the Prime Minister hurled his
demonetisation bomb suddenly and punished the teeming millions, he added.
Stating that black money of the country’s millionaires and billionaires was piling up in foreign banks manifold, Dr Raju said instead of bringing
that money from abroad as promised again and again Prime Minister Narendra Modi put the masses to untold misery by announcing
demonetisation without doing proper home work and foreseeing the hardships of the people.
