A Comment about criticism of Modi's demonetization step

My Comment on an article "Where are the fake notes? Even RBI doesn't know" published in the economictimes.com Dated 25/01/2017.


"I don't understand why people argue like this and criticize any good moves taken. What is the use of unnecessary criticism? Modi government might have used some excuse (which they probably suspected, if not cent percent accurate). It could be one of the many other probable causes for demonetization.

You should at least realize some benefit from the action of demonetization step taken by our PM. Search for the plus points of it and not for the minus points.

But, I am worried now that they are easing the position by releasing more money into the market. It is not good for any economy to circulate more money in hard cash.

We should switch over to a cashless society for our own benefits. At least you will think twice before anything using your card or e-wallet and thereby contribute to the growth." 

A Comment that Modi should not be blamed for the present crisis after demonetization

My Comment on an article "Varanasi shows how Modi's demonetization gamble has broken the back of India's $1- trillion hidden economy" published in the economictimes.com Dated 22/12/2016.


" The author seems to attack the move of Modi by showcasing how the silk industry of Varanasi got affected severely due to demonetization of currency notes. 

Even though the author tells us here that the actual labor in the unorganized sector of the silk industry did not receive their due share of their skills because of the bribes and commissions they had to incur at every change of hands of their produce, he is not focusing his attack at the underground malpractices of the corrupt people and system. Instead, it seems he is entirely blaming the demonetization of notes to be the root cause of the collapse of the economy.

The present situation would not have arisen if people were honest. It is due to this dishonesty and corrupt practices that we are suffering now. No one should blame Modi for this situation. It is our own creation that we are suffering now." 

A Comment on why the Demonetization move did not yield fruitful results

My Comment on an article "View: Demonetisation and digital transactions will never stop corruption in India. Here's why" published in the economictimes.com Dated 21/12/2016 at 12:20 pm.


"The author of this article pointed out the lack of foresight and the inefficiency of concerned authorities in transforming the aim of demonetization into a successful project. 

He clearly indicates here that mere demonetization can't end black money or the corrupt practices of the officials who daily involve in corrupt practices. 

There should be some more strict measures to be taken by our PM, Narendra Modi, and the government to make the vision of eradication of corruption and the Digitalisation of India a successful project by locating the culprits and punishing them severely." 

A Comment on Media and people discouraging public from going on-line

"Don't heed to people discouraging you".

My Comment on a slide show which tries to distract and discourage people regarding the after effects of demonetization. Post titled "Think going cashless is good for you? Here's why it is not - Drawbacks of digitalisation" published in the economictimes.com Dated 19/12/2016 at 5:20 pm.

"This author is trying to distract people by inculcating unnecessary fears. People should not heed to such discouraging posts. But, you should keep always alert while doing your transactions. 

The best method to use is to open your savings account with any bank and get an ATM card. You can do all your transactions using that ATM card. No need for mobiles or smartphones. Cheer up yourselves." 

Think going cashless is good for you? Here's why not

Think going cashless is good for you? Here'sDrawbacks of digital transactions The author is trying to distract people by inculcating unnecessary fears. People should not heed to such discouraging posts. But, keep always alert while doing your transactions. The best method to use is to open your savings account with any bank and get an ATM card. You can do all your transactions using that ATM card. No need for mobiles or smartphones. Cheer up yourselves. 

A Comment on the after-effects of demonetization and tests ahead for PM Modi

My Comment on an article "For Narendra Modi, test lies in stage three of notebandi" published in the economictimes.com Dated 05/12/2016.


"The author of this article is arguing very reasonably and trying to point out the possibilities and problems ahead in near future.

According to him, there are 3 stages after demonetization. 

We crossed the first stage of people supporting Narendra Modi in spite of the short-term troubles faced by them.

Now, we are in the second stage where we are threatened by economic dislocations, projected fall in GDP up to Rs. 1,50,000 crore, and may be facing a mini-recession period. This may turn the public against him.

The third stage will be when Modi's government puts some of the funds generated through declared black money and through undeposited demonetised currencies into the accounts of Jandhan Yojana account holders if everything goes according to estimates. This may again turn the public in his favor and support him. 

But, let us hope for the best and try to support Modi with full cooperation as he is fighting for a common cause of the masses of our country. If possible, pray to God that he should succeed in his mission." 

Hurdles in PM Modi's push for cashless economy and how to tackle the issues

My Comment on an article "5 hurdles to PM Modi's push for cashless economy" published in the economictimes.com Dated 05/12/2016.


"Even though these figures reveal a gloomy picture, we should not get discouraged or depressed in achieving the goal of turning Indian economy into a cashless economy. If one million POS machines can be installed within next 5 months as per expectations of our PM (let us assume that we can expect on a safer side even one lakh machines each month), it will definitely ease the transactions and we can move forward. 

Public awareness creation is also very important in the mean time. All TV channels should launch awareness ads demonstrating the use of various apps available for making purchases and payments using the mobile phones or other computers. People should also go door to door in rural and semi-urban areas to reach the masses and make them aware of the usage of apps for making cashless transactions to meet out all their daily needs."

A Comment on Retailers still accepting old Demonetized Notes

My Comment on an article "Demonetisation: Retailers at popular shopping hubs still accepting old currency" published in retail.economictimes.com Dated 01/12/2016.


"It is for the benefit of the business to accept the old notes from their customers. It also serves as a good gesture to them in keeping their good relations in order to run their business uninterruptedly. 

There is no need to worry, I hope, as they can deposit the old notes into their accounts up to 30th December 2016. Further, it is not a black money to them as they are earning it through their white business."

A Comment on mobs locking up Bankers due to non-availability of cash

My Comment on an article "Demonetisation: Mobs lock up Bankers as payday turns pain day for India" published in the economictimes.com Dated 30/11/2016.


"A suitable alternative app (e-wallet) should be designed to suit all types of people like the common man, the daily wage earner, the vegetable vendor, pan shop and every low-level category of people. 

People should be able to pay everything through this type of app and each vendor should have that app for receiving the payments, even the smallest payments of Rs.10 or Rs. 5 also. Then only this problem can be solved."

A Comment on Kejriwal's demand for roll back of demonetization of currency notes

My Comment on an article published in the retail.economictimes.indiatimes.com titled "Arvind Kejriwal demands the rollback of demonetization" on 12/11/2016.


"The allegations made by Kejriwal are irrational and baseless. 

If Bank deposits increased, it has become white money already and taxmen will take care of it. 

Regarding purchase of Gold and foreign exchange, it will also come into the light in due course and the people are liable to account for it and pay taxes. 

It is a win-win situation for the government, either way. 

The brokers will also be got noticed as the Big Boss is watching them already."