The background for all this scenario is the Demonetisation. This demonetisation has been politically clever but it looks, economically disastrous. Its consequences are still unfolding before us, ( for people with unbiased outlook). The attempts to politicise this issue further and paint those against the move as being supporters of black money are the examples of divergence from the main issue, as is inherent in the political arena. Since there is no possibility of rollback, the government should introduce policies to address the issues, in a proper perspective, and aid the honest and helpless citizens but now it is the other way round. Demonetiastion as such was to be a jewel in the present government 's crown, but if the policy impacts the very people it intended to benefit, the very purpose of its entire exercise will naturally gets defeated. Can we be smug and say all is well in the long run when people are facing genuine cash problems leading to deaths, wasted human hours, unemployment and several other ailments? As a senior citizen I would say that this has been very harsh on people like me. As a matter of fact we were allowed to draw a maximum of Rs 24000/a week, but on any day we could only draw Rs 10000,/ only from Savings bank account. This condition makes me to go to the bank on all its working days, but it never works out, as there is a huge crowd even on 47th day or the bank soon runs out of cash thus my attendance in the bank is 100 percent .
Surprisingly Government is changing its goal posts, black money, corruption, counterfeit currency all gone and now it is harping on Cashless or Digitisation etc, "Necessity is the mother invention" goes a proverb. All of a sudden can we make wonders. It definitely takes time to switch over to Digitisation technology. If Iam right, it may take 5 to10 years time. Majority of the people despite being educated are not willing to do net banking and the fact I am one among them, because there is a possible threat from cyber thefts. In the instant case more than 60% people are living in villages, which do not have adequate swipe machines nor banks, nor ATMs. Our government is expected to think on all these aspects and implement in a phased manner. Dr Subramanium swamy MP BJP, had the guts to accept the fact, that their FM had not done proper home work in its implementation and that's common mans feeling too. But leaders are not prepared to accept and I don't hesitate to say that this is all due to misplaced enthusiasm as the Union government's penchant seems to have no bounds. It has been acting more like an Ad-agency, than a genuine educator, in promoting cashless economy. The introduction of monetary gifts by the government on par with "Kaun Banega Crorepathy" for the lucky winners among digital money users, is intriguing.
The official programs, Lucky grahak Yojana, DigiDhan Yojana, etc are they not making mockery? Any way , in my view, it is not the right way for the government to go such an extra mile, and make all our efforts in promoting an alternative route for the currency shortage. Instead the government should make the digital transactions risk-free first, secondly, easily accessible, and then trust worthy. It should ensure that the amounts are insulated fully from hackers. When cyber crimes are on the rise, the government as a great advocate of digital transactions should rather introduce insurance schemes for individual accounts against losses caused by hacking and other cyber crimes. I'm making this statement here because I'm already a victim and my FIR is still pending in "CyberCrime Police Station, in Cyberabad Commissionerate.