Dear Editor,
Nearly a fortnight has passed since the “demonetisation experiment” began; the required denominations of currency notes are still unavailable in banks and ATMs. In many instances, banks are issuing tokens and asking customers to return days later. What a terrible situation due to poor administration and faulty planning of ‘a move with good intentions’! Rules for withdrawals are being changed every day and honest citizens are being made to almost beg for their own money deposited in good faith in banks. The long-term plan may be to move towards a cashless society, but it is a western concept which is impractical to implement in India. We seem to be moving backwards especially as interest rates are already low. What is the government trying to achieve?
Mahesh Kumar,
New Delhi
