It was today, two years’ ago when desperate demonetisation was announced !

Today is the 2nd Anniversary of demonetisation as it was on 8th November, 2016 when all of a sudden our desperate prime minister Narendra Modiji had appeared on the television channels of country very confidently and with a patriotic spirit with his most eloquent speech banning the 1000 and five hundred denomination notes with a sound logic that the the nation’s deficit economy which is majorly running on black money needs to be unearthed and the country put on sound economic footing once again for the good of the country and the countrymen.

Today, is the second anniversary of this revolutionery step of our prime minister and the BJP led NDA government who economic analysts say did not allegedly brought the then RBI governor Raghuraman into confidence who was against the decision and favoured phased demonetisation rather than going for this step, all of a sudden in a single go.

While the majority of the right wing parties n its off shoots including the majority of the Modi supporters and the ardent bhakts unilaterally supported and appreciated this initiative terming it as the opening of a new era of development in the country, India’s populace living in villages, semi urban cities, metropolitans of the country, the middle and the lower middle class suffered tremendously with people standing in endless queues of banks and ATMs for several days to deposit and withdraw their own money repeatedly as the limit was merely four thousand for an at a time withdrawal.

There were casualties of more than three hundred people nationally who could not bear the brunt of the decision while standing in long queues and dying of fatigue, ailents, cardiac arrests and tensions.

Hundreds of thousands of migrated workers serving in construction industry, with builders, small and medium entrepreneurs were compelled to close down shutters. People ailing in hospitals allegedly succumbed to deseases for want of adequate treatment in the absense of money.

Several thousands marriages were affected and those women n housewives who kept their meagre earnings with them in personel and private custody for years had to either disclose them to their husbands losing those savings or had to stand in queues cladestinely for hours together to get the currency changed. Several illeterate men and women even had loose their hard earned savings.

There was infact a total mess everywhere with women, literate and illiterate, old persons, young and old standing in endless queues desperately worried whether there turn would come or not. While all this mess was going on, the Congress BJP and the other opposition parties were busy in the blame game deriving maximum political capital out of this episode.

There were diffetent versions of people and political parties on this unilateral decision of the NDA government led by BJP at the centre. Some said it was necessary as the country is full of black money hoarders, hawala dealers and illegal rich, hence Modi’s decision of demonetisation was in the best interest of the country. Though the people are suffering but in the long run it will stabilise the country’s deficit economy and lead the nation towards all round progress with youths getting employment, farmers their due and inflation coming down they added.

Some said it was done to unearth the black money of the non BJP opposition particularly of BSP, Congress and SP and make then ineffective n weak financially as states like UP was to go to poll immediately thereafter.

However, the process of deposition of black n white money went on for two months till the final deadline. And the government declared happily that about 15 lakh crore that was in the running economy has come back to the government.

There was a cumulative condemnation by the non BJP opposition that demonetisation was the complete failure as whatever the nation have acknowleged by the people was equivalent to the amount of the money available in the running economy.

This means that the claim of the government n the prime minister Narendra Modi that through demonetisation the nation would receive back 4 lakh crores black money, proved to be farce as the amount received after the countrywide depositions was entirely of the running economy n not the black money.

Now the people of the country question : where is employment, where are cheap food stuffs, why is inflation not coming down, why is it that retrenchment in jobs is still continuing in the IT sector, why are the farmers not getting their due still n why are farmers suicides still continuing etc.

It was revealed that just after the demonetisation about 3 to four thousand crores were deposited in the several cooperative banks of Gujarat allegedly belonging to the politicians of the party in power in the state. Similar was the situation in other cooperative banks of the country managed by political leaders as their president or directors.

While the union finance minister Arun Jaitley has termed demonetisation as the right step taken in right direction by the prime minister, making the India’s economy strong, viable and progressive, the Congress party leaders like P. Chidambram, Anand Sharma, Manish Tiwari etc have termed it an anti people, arbitrary and reckless decision taking the country’s economy towards disarray and doldrums thus allegedly leading to more than 300 deaths including putting millions of countrymen to tremendous problems and hardships with no black money having been recovered. The former prime minister and leading economist Dr. Manmohan Singh has termed demonetisation, symbolic of destructruction and destabilization of Indian economy. What’s your take friends?