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Showing posts from November, 2016

Modi’s poor home work

Modi’s government has done very poor home work before launching surgical strike on black money.  The objective of controlling or eliminating black money is certainly the need of the hour.  On 7 th November night he announced the cancellation of 500 and 1000 currency notes effective from night and asked us to exchange with new notes from bank from 9 th November onward. It generates mixed responses and I don’t know whether to welcome this decision or worried about repercussions from common man.   Perhaps, accepted the decision as a bold and brave from Modi for the sake of the nation, but is 1.25 billion people can handle the transformation with shock?  The currency in our purse become useless, yes the validity of the currency is depends on the acceptance in market and therefore technically it is useless.  Indian citizen accepts the decision and patiently waiting for the banks to open and exchange their cash on hand and now slowly landing in frustration.  Petrol stations r