Hi all,
Last week, we had the first year death anniversary for our beloved 500 and 1000₹ denomination currency notes. I was just wondering what impact it had on us.
While plenty of people supported and praised it, there were equal number of people against it, and there were again some people who were unaffected by this. That category of the people were either rich or managed to live in the 'Digital India' unaffected, or they never used the denominations earlier.
It was a tough decision and when PM announced it with a emotional touch of sacrificing himself I was moved by it and felt like somebody had done something and we being the educated crowd have to support him. Honestly I was for the move, and those little inconvenience of standing in the queue in the midnight or going to office area on a holiday to get a chance of withdrawing money from the ATMs did not matter for me.
But definitely, it had adversely affected the majority of the daily labors and uneducated crowd and led to lot of panic and they easily fell prey to cheats.
Even now I do not know whether it was a good move or bad move, or as some people said the way it was done was bad. I have no clue, but one thing is for sure, demonetization was one move which gave enough to talk about daily to everybody ! For once I saw a move from Government which visibly had a impact on everybody.
Media was full on it, common public spoke about it everywhere, famous personalities in all domains spoke about it, and those who had got the new currency notes were also famous and those who had the change for it to the 100₹ notes were even more famous. With each and every day there was new amendments, new rules the only guys who were fully updated on this were the meme creators, they had what they called as 'field day'.
Everybody including BJP Supporters, common man, opposition, everyone became a economist in India and were giving out terminologies after terminologies and hence did not realize the absense of RBI.
This can definitely be added to the points to be considered to decide demonetization was a good move or not.
The guys who were supposed to speak firmly was the RBI and they were totally clueless on their existence and hence they did not even know whether to speak or not to speak. They had no clue on how to adapt the new ATMs till date even after a year, 2000₹ probably is going to celebrate its first birthday this week, while the erstwhile 500 and 1000₹ are neatly buried God knows where and how much. The design team of the new notes should be awarded with a great amount of the old 500 and 1000₹ notes to make them realize the dimensions of the existing currency note and requirements of the ATM machine and also get them tested for their IQ and also a appointment with an Ophthalmologist.
The approval teams definitely needs a big consulting session with all major hospitals across India.
I have played with lottery chits and colorful bus tickets in my childhood and the new denomination notes can give a run to them.
I agree that the old notes were a bit dull colored ones, but I liked the 5₹ notes very much, for it was in blue and it was very difficult to find one which was not bent/torn apart already :)
Probably the designer got bored of the existing palette, and thought the way to end black money was to paint the money pink and make everyone feel embarrassed carrying it !
And for the new denomination notes which still has not found daylight probably will be looking like Tweety Yellow for that is one color which the RBI has not issued anything yet !
And also to top it all, there was rumors and videos going on that all the new notes had a chip which can continuously send GPS signals and the signal will be realized by the server sitting in the moon and help them track the people who hoard money in lump-sum !
And even after months, RBI is calculating, auditing, accounting, inspecting, surveying, examining, scrutinizing, checking, assessing, appraising, evaluating, reviewing, analyzing, studying, reflecting, dissecting the number of notes which existed and which returned.
Also former and then RBI Governor is seen nowadays in some interviews occasionally and the current guy is nowhere to be seen, and even in those times when RBI gets to prove that they are still a functioning organization in India he is missing.
Probably he realized that there is no AI yet in ATM machines to print the denomination dynamically and sign notes on behalf of him and busy signing new 200₹ notes, or busy playing his part in the Blue Whale Challenge which the Government has given him !
Bye till next,
Last week, we had the first year death anniversary for our beloved 500 and 1000₹ denomination currency notes. I was just wondering what impact it had on us.
While plenty of people supported and praised it, there were equal number of people against it, and there were again some people who were unaffected by this. That category of the people were either rich or managed to live in the 'Digital India' unaffected, or they never used the denominations earlier.
It was a tough decision and when PM announced it with a emotional touch of sacrificing himself I was moved by it and felt like somebody had done something and we being the educated crowd have to support him. Honestly I was for the move, and those little inconvenience of standing in the queue in the midnight or going to office area on a holiday to get a chance of withdrawing money from the ATMs did not matter for me.
But definitely, it had adversely affected the majority of the daily labors and uneducated crowd and led to lot of panic and they easily fell prey to cheats.
Even now I do not know whether it was a good move or bad move, or as some people said the way it was done was bad. I have no clue, but one thing is for sure, demonetization was one move which gave enough to talk about daily to everybody ! For once I saw a move from Government which visibly had a impact on everybody.
Media was full on it, common public spoke about it everywhere, famous personalities in all domains spoke about it, and those who had got the new currency notes were also famous and those who had the change for it to the 100₹ notes were even more famous. With each and every day there was new amendments, new rules the only guys who were fully updated on this were the meme creators, they had what they called as 'field day'.
Everybody including BJP Supporters, common man, opposition, everyone became a economist in India and were giving out terminologies after terminologies and hence did not realize the absense of RBI.
This can definitely be added to the points to be considered to decide demonetization was a good move or not.
The guys who were supposed to speak firmly was the RBI and they were totally clueless on their existence and hence they did not even know whether to speak or not to speak. They had no clue on how to adapt the new ATMs till date even after a year, 2000₹ probably is going to celebrate its first birthday this week, while the erstwhile 500 and 1000₹ are neatly buried God knows where and how much. The design team of the new notes should be awarded with a great amount of the old 500 and 1000₹ notes to make them realize the dimensions of the existing currency note and requirements of the ATM machine and also get them tested for their IQ and also a appointment with an Ophthalmologist.
The approval teams definitely needs a big consulting session with all major hospitals across India.
I have played with lottery chits and colorful bus tickets in my childhood and the new denomination notes can give a run to them.
I agree that the old notes were a bit dull colored ones, but I liked the 5₹ notes very much, for it was in blue and it was very difficult to find one which was not bent/torn apart already :)
Probably the designer got bored of the existing palette, and thought the way to end black money was to paint the money pink and make everyone feel embarrassed carrying it !
And for the new denomination notes which still has not found daylight probably will be looking like Tweety Yellow for that is one color which the RBI has not issued anything yet !
And also to top it all, there was rumors and videos going on that all the new notes had a chip which can continuously send GPS signals and the signal will be realized by the server sitting in the moon and help them track the people who hoard money in lump-sum !And even after months, RBI is calculating, auditing, accounting, inspecting, surveying, examining, scrutinizing, checking, assessing, appraising, evaluating, reviewing, analyzing, studying, reflecting, dissecting the number of notes which existed and which returned.
Also former and then RBI Governor is seen nowadays in some interviews occasionally and the current guy is nowhere to be seen, and even in those times when RBI gets to prove that they are still a functioning organization in India he is missing.
Probably he realized that there is no AI yet in ATM machines to print the denomination dynamically and sign notes on behalf of him and busy signing new 200₹ notes, or busy playing his part in the Blue Whale Challenge which the Government has given him !
Bye till next,
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