Currency Ban.
I hope the internet jokes are helping you remain calm while standing in queue for cash withdrawal near ATMs. Respect your patience, but I am afraid you might lose it very soon. I had a trust in Modi, like we all of us do, so for the first two days, I myself was busy only scrolling those internet memes, till the situation got me and my family. Old customers of my very own store aren't willing to make payments, nor are my husband's clients. For how long would this go?
India is a country where most of the transactions are done in cash. Even when its online shopping, I and many others used to opt for "COD". Along with it, the banknotes which now have been declared illegal, represented more than 86% of cash which is in circulation. How did Modi take such a bold step which can affect the economy pretty bad for months to come? Maybe he has a plan, I think. But, right now all I can see is that the streets are empty, and Modi isn't even here to look around the mess he has created.
I wonder, did he take into consideration all those people who are dying in hospitals as they aren't able to make payments? Did he think about all those auto-drivers and taxi drivers who could now be unable to pay their loans and then, loose their source of income? In India, all the sectors are co-related and he can't strengthen the poor by giving a huge shock to the rich people who had their savings in hand and not in banks. By giving a shock to all those wives who help the local vendors by purchasing household items. Why would restaurants keep running if they are unable to pay their rents? If the situation remains as it is right now, everything might shut down.
Modi ji, celebrated Diwali but banned the Laxmi Indians prayed to. But, eh, I might just take a deep sigh, as I believe that if the government is THIS serious and IMMEDIATE about tackling black money menace, it won't be leaving the situation at this. I believe Modi wouldn't let economy fall that hard, would he?
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