What’s black money?
Dear Editor,
Demonetisation was badly planned and executed. The intention may have been good but whose black money are we talking about? Was any minister, MP, MLA, celebrity or business honcho seen in queues outside banks and ATMs? People who are standing for hours are the taxpayers or daily wage earners. It was in bad taste to show the PM’s mother exchanging notes, just to gain public sympathy. There are millions of senior citizens who can’t walk or stand straight, but are standing in queues for cash exchange or making deposits. The government should have ensured that the size of the new notes was the same as before so the same slots could be used in ATMs for stocking and dispensing the new notes. And if the government thinks that it has choked anti-national elements, it may be true, but this is a temporary phenomenon. They will bounce back. What was needed was choking the sources of counterfeit currency and not the circulation before the exercise was launched. What to talk of the rich who disposed of and parked their black money well in advance!
Col Bobby Garewal (Retd),
Mohali