Demonetization process started by P.M. Narendra Modi become a BUMERANG (failed). Indeed it lower down the development ratio of the country. Due to corruption, black money, the masses of India supported blindly to this process. Specially the poor and the middle class people of the country supported exclusively and hoped that the corrupted government officials, businessman and politicians in this time will be sent into the jail. For this the people of the country was ready for any type of sacrifice. But after the 50 (Fifty) days of drama of this Demonetization people watch that almost 98% 500 and 1000 Notes of Reserve Bank of India come back to the Banks and none of the corrupted persons sent into the jail and the 5 lakh crore rupees are also not come back India as said are in foreign banks the whole process is clear. Due to the lack of current money common people suffer a lot, In fact the people who are in critical health problem at hospitals do not get money to pay, farmers committed suicide, laborers of Tea Industries do not get salaries, thousands of workers lost their jobs in various sectors. But the news was published in the newspaper of the country that the wealth of the country is centralized at the hands of 1% people of the country.
In such a situation as a citizen of Democratic country, we must have the right to ask the government why this demonetization process? Why this process brought without any prior notification ?
We all know that when the demand of commodities goes lower than supply than the economy of that country will collapse. Due to demonetization process total 15 lakhs crore Rupees (Cash at Hand) went to the custody of the Banks in the country. This directly influenced the business sector. The selling of the business centers lower down suddenly and even most of them get loss. Most foreign investors withdraw their investments from Share market.
It is very common knowledge that the corrupted black money is never deposited directly to any bank. None of the corrupted person were arrested even detected. It is clear that demonetization process was only a BOMB BLAST to attract voters to the present Government of India. It only aimed at to gain political popularity. In the year 1978 same process was taken but failed to prevent corruption.
In India still 21.5 % people live below the poverty line. Their daily average income of people in town area is below 32 rupees and in rural area is below 25 rupees. At the same time total 58 % resources are at the hand of rich people.. Surprisingly P.M. Modi do not delivered the hot attractive speech that he delivered before and during demonetization process. Now he said about Cashless Economy, Paytm, Jio Money, Bhim App, SBI Buddy etc etc. India is a country where 26 % people do not know to put his/her signature and how can cashless economy Is possible here ??????
We hearty wish a country free of corruption, transparent government, responsible government. But the policy of the present government is not clear. No one knows about the activities of NITI AYOG who replaced previous Planning Commission. Present policies of the government only aim at political gain. Much propaganda are spread in the country and at present anti-social elements trying to disturb the country pursuing and inspiring communal violence and in this way trying to break down the basic structure of the Constitution.
The demonetization process turned out very badly for the people of India. I can't wrap my head around making that change so quickly.