The Demonetization Effect

               ' The Demonetization Effect ' sounds more like a scientific term for me. Some thing like 'The Doppler Effect', for that instance we can draw similarities between the two such as, any movement at the center of the medium creates disturbances in all directions, in the similar way a decision taken by the central government creating disturbances touching every nuke and corner of the country. Forgive me if my comparison is too technical and not an apt one. Coming to demonetization, whether it is good or bad? whether the government is really committed to eradicate corruption? Before I address these questions and effects of demonetization, I wanted to urge on the fact that we need to be open towards change. There was a time when my dad bought a rectangular card to home and said that it can be used to withdraw money from bank without a second person involvement. I thought he was kidding but later realized that it is a fact and today I myself have one. But still there are people in our country who are not aware of this. For that matter there are people in our country who don't have any bank accounts and keep tracks of their savings and income themselves and some of them are exploited due their ignorance. Don't you think that banking services should be available to every citizen of this country? I have come across a situation where a family was left alone after the death of person who had taken the responsibility of the family. The family claims that the person who had passed away saved some of his income for them for future, but there is no record available. This was one situation which came to my notice, can't imagine how many such families are exploited. We need to recognize the importance of banking in our lives. I wanted to thank our government for taking efforts to open a bank account for every citizen of our country. Demonetization is one strong move for cashless economy and make banking a fundamental service rather than a luxury. It helped many to force themselves to open a bank account. It made many to understand the services offered by the banks. It has countered the duplicated notes which are in circulation. When I expressed this particular view, people said that duplication of the new notes are also possible. Yes, but we need to prevent them from circulation, now that it is in our control we can definitely address the problem unlike before. Demonetization has also huge impact on terror funding. Huge amounts of undeclared income has been added to our country's income. We know the impact it had on JanDhan accounts. It is difficult for people in rural places and to people using the banking services for the first time yet it is an opportunity to enhance the banking services and I hope they will eventually and it is also an opportunity for people to embrace the changes into their daily routine making their life more comfortable. I can certainly see decent impact on black money through IT raids, monitoring bank accounts post demonetization. I don't think it has any impact instantly on corruption but it might be an alarm for those who are deeply sunk in corruption and might trigger further actions. I can't talk more on the consequences as it would be too early. I don't wanted to discuss the mess created by oppositions and some opportunists as it would be a disgrace to this article. We need to realize that no magic can bring back the black money and make it rain on the streets of the country, rather it can be done only with a series of steps and hope that demonetization is just a start for a new revolution. Yes I acknowledge the fact that it should have been planned better and measures should have been more rampant in pace. We must also realize that they are also human beings like us who are bound to make mistakes and appreciate the bold step taken by our government and support it. They might have went wrong in their estimations, our support will give them strength to take further actions who are hiding behind the behind the black wall. I also urge government to take immediate measures to handle present situation. Letz 'Hope' for the best.

The above article is my personal view and may differ from others. Not intended to hurt anyone.

Jai Hind. Satyamevajayate.