Friday, 25 November 2016

Demonetisation and Agrarian society

Two weeks are over from the day the demonetisation policy was broadcasted for the first time by PM Modi.  Beyond doubt, common man suffered a lot due to its inappropriate implementation.  The real sufferers are farmers, land less labours, micro rural entrepreneurs and whole rural mass those are 65% of our population.  First, so far the nationalised banks and private banks have not spread tentacles in rural areas that has caused lot of hardship.  Second, the wings of cooperative banks - backbone of the rural economy - ware slashed resulted into economic instability.  Third, the age old practice is to store hard earned money at home.  So, to convert old hard earned currency of Rs 500 and Rs 1000 to new notes was the biggest headac.  Fourth, how and where to sale the home grown vegetables and grains, a how and from where to purchase seeds and fertilizers, since, not a single trader is ready to provide credit facility.  Fifth, 'hand to mouth' is a key word for poor masses, thus, currency crunch resulted in 'no money no food' phenomenon.  Sixth, callus attitude of government agencies.  Not a single government employee has addressed the agonies of those resided in 6.5 lack villages spread across India and come forward with practical solution.  Some gullible announcements on later days has adversely affected the already spoiled scenario.  Seventh, rumours had spoiled the complete broth.  The net result is the whole spectrum of vote bank is likely to boomerang in the forth coming election provided think tanks will not act swiftly to solve the core issue.  Lesson the Government should learn from the incidence is, for the heterogenous populace, the best policy is stepwise reforms and not the sudden jerks to the core policy.
     

No comments:

Post a Comment

Indian Stand: Champions Trophy

                                                                                    Mohan Kothekar It has been decided by the ...