Saturday, 31 December 2016

PM's ADDRESS TO THE NATION - TOTAL DISAPPOINTMENT

I was watching the TV just to hear the total number of Black 500/1000 notes were demonetised. But the PM was all talking about the white deposited in the banks. Who will call depositing in the bank or exchanging the old with new as demonetization? What is not come out is the demonetised currency. If our digital technology is efficient, it could have been calculated very easily. RBI should know the total number of old currency in circulation. The banks must know how much is returned. The balance would be the really demonetised notes subject to adjustment later changed through the RBI up to March. This should be the net benefit if any out of this drama. This is what is to be revealed. People depositing or changing money at gun point, making serpentine lines cannot be considered as an achievement.
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