It’s been 30 days of announcement of demonetisation. During all these days, people were seen standing at never-ending queues as they struggle to withdraw their own money from banks and ATMs. Ever since the note ban came into effect, demonetisation and cash crunch has been the talk of the town.
The Opposition has not stopped attacking the Narendra Modi government over the issue even after a month of demonetisation. The controversies over demonetisation refuse to die down. The debate over currency ban in Parliament still continues.
However, amid strong attack by Opposition over demonetisation, PM Modi on Thursday took to Twitter to assert that the “short term pain” will pave the way for “long term gains” and insisted that farmers, traders and labourers stand to gain from this step.
In a series of tweets, Modi spoke about the benefits of demonetisation and said the country has a “historic opportunity” to embrace increased cashless payments. “I salute the people of India for wholeheartedly participating in this ongoing ‘Yagna’ against corruption, terrorism & black money,” he said.
So, what after 30 days? Has the situation eased? Have people overcome cash crunch? News Nation tries to find out answers to many such questions with a special programme on ’30 days of demonetisation’ with a panel of experts. The panel also includes politicians from Congress and BJP.
The panellists are Siddharth Nath Singh (BJP), Meem Afzal (National Spokesperson , Congress), Prof Gourav Vallabh (Economist), Prof Aman aggarwal (Economist), Vipin Garg (Tax expert), Om Thanvi (Sr journalist), N.K Singh (Sr journalist), Mahamandaleshwar Naval Kishore Das and Akash Jindal (Market expert).
In a surprise move, Prime Minister Narendra Modi had on November 8 announced that the high value currency notes of Rs 500 and Rs 1,000 will be discontinued.
Here are the live updates:
# Prime Minister should reveal the names of businessmen whose loans have been waived, says Om Thanvi
# Prime Minister should listen to people's grievances, says Meem Afzal
# Cashless system is something which have in practise for long. But, it will be naive to say that demonetisation will end corruption, says Om Thanvi
# Prime Minister should look into people's plight, says Mahamandaleshwar Naval Kishore Das
# Cashless system will reduce corruption, strict laws have been implemented. Those party which did not acted on the orders of Supreme Court should not advise us, says N.K Singh
# Demonetisation will help in reducing corruption, says Siddharth Nath Singh
# 83 crore people living in rural areas and slums in urban areas have been affected, says Meem Afzal
# Corruption will remain intact with new currency notes of Rs 2000, says Om Thanvi
# Situation is improving, it will get better in furure. People who are having black money are only getting troubles: Siddharth Nath Singh
# First time there have been head-on collission with black money, we should support: N.K Singh
# Demonetisation will improve tax base of country and with that economic cycle will improve, says Siddharth Nath Singh
# There is problem in implementation of scheme, says Prof Gourav Vallabh
# It is only an estimation that economic situation will improve, it is emergency, says Om Thanvi
# Religious organisations will act responsibly, says Mahamandaleshwar Naval Kishore Das
# We talk about going cashless, but it is the banks which have become cashless, says Meem Afzal
# Currency ban has been implemented irresponsibly, says Meem Afzal
# Panelists question the component of black money that have been deposited in banks so far.