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On Demonetisation: Views of University students


Aniruddha Jena
Mphil student,
Central university Koraput, Odisha

The sole purpose behind demonetisation was to curve the menace of black money and corruption and to check the counterfeiting of currency notes. But I am bit sceptical about this logic that while only 4-5% black money and corruption takes place in hard cash. Most of the major sources of black money and corruption take place in form of services and kind. It is a matter to look after in forthcoming days that how this demonetisation is going to curve that portion of corruption and black money. Another observation of mine on demonetisation is the aftermath condition , through the commoners had gone through and this move claimed more than 65 lives of commoners and who is going to pay for that unfulfilled and irreplaceable loss. Because no government has right to take lives by imposing anything on the masses. The kind of problem which the rural people faced, where bank is yet to be a faraway dream for the people, can the government see that, through what condition they had gone through. The problem of cash crunch is still very much there even after two and half months of the imposition, people are still running of out of cash, where they have stand in queues to get hard cash for their day to day expenses. For me demonetisation move was not properly planned out and it was brought by the government bit hurriedly and that is why people faced enormous problems, for which government should held accountable without any objection. Let our country youth’s to get proper education, let we cure the social evils like poverty and hunger, then we will see our society as cashless one, because unless and until we fight it out with the present social problems, we will always remain like cashless poor in cashless society of India.

Cherrila Bhutia
Phd. Student,
Sikkim Central university
Demonetisation was nothing less than a guerrilla attack pulled off by the government. The transition was sudden and as a result the public at large suffered the most. It was said that the ultimate aim of demonetisation was to eliminate black money in the country and reports of its success have been making rounds often. However, it was a major inconvenience since majority of the country runs on cash. We do not have the provision for cashless transaction like in the metros and to stand in the queue for hours in a day only to be told that the cash in ATM machine got over was more than disappointing. Farmers, vegetable vendors and all the small scale sellers faced a major setback since they did not have bank accounts and whatever money they’d saved in cash were not usable.

Nevertheless, demonetisation may have been a blessing in disguise. Personally I learnt how to efficiently manage my funds. The first month was difficult for everyone, but now things have started to fall in place. The economy is moving towards a cashless society which will eliminate the middlemen and thus cut short corruption. Every cash transaction is taken into account making the holders of black money answerable for their action. All in all, demonetisation has proved to be a raging success in just a few months and the economy at large is definitely getting the benefit of its returns. This movement has not only been taken in a positive stride my the citizens of the country, but has also invited appreciation from governments from all across the world.

Kuljinder Kaur
Phd. Student,
Panjabi University

It is an effort by the Govt. to restore its monetary base. This could be best utilized by expanding the public spending on education and health. On the other hand this is a move to strengthen the market economy. This is not a revolutionary change in that sense.These are the automatic moves of capitalism, to make it’s standing more firm, to dis empower the common man and ultimately to fulfill the corporate interests.
Nabeela Paniyath
M.A Student,
Jamia Milia Islamia University, Delhi

Prime minister when announced the demonetisation policy justified the move by saying that it is a part of eradicating black money and corruption. It is the mere thought that people are preserving black money under their pillows as cash bundles which lead to this over confidence. How Sangh-parivar propagators respond to this is, that our prime minister has done a surgical strike against the ‘economic terrorists.’ Such response are propagated not because they are unaware of the black money, but as a part of usual right wing propagation methods which tries to construct a conscious that Narendra Modi has got some super powers.

It is true that demonetising 500 and 1000 rupee notes will affect the black money dealers & it will also affect the small scale business who hold illegal money with them. But these are the very mini portion of a large source of black money. Big fishes sail out there without being caught in the governments policy trap. All their stock are safe outside tax-free zones. Our countries topmost politicians, businessmen, and cinema persons are a part of this. International media and economic experts around the globe have criticised this act, showing their apprehension. 80% of our currency consists of 500 and 1000 rupee notes which is diffused through out the common man. Demonetisation was definitely a strike not against economic terrorists but against the economic system of our country and the lives of common man.

Prabhakar K B
Phd. Student,
Pondicherry University

Demonetisation, the question of if it is a right or wrong decision is determined by its impact on the larger population and future implication of the economy and the society as a whole. Without analysing the effect in on the larger society, leaving out the unorganised sector and other lower classes, the government has taken a ruthless act of reviving the economy claiming a target of black money combat. The immediate effect of it has affected the day to day life of citizens and even their life events. The implied how the state can be instable to make the life of its people miserable.
Firoj Juneja
M.A Student,
Maharaj Sayajirao University, Vadodra

On November 8, at 8 pm Prime Minister Narendra Damodardas Modi addresses the nation and declare that from the mid-night all the old 500-1000 note are no more Indian currency.

In my opinion Demonetisation is a very ill-planned, and because of its implement without the brainstorming which is visible to the blind, because of these the people of India suffer till the day, In villages condition are worse than the cities because there were no banks in the most of the villages and our nation still lives in the Villages.

I don’t think Government has anything in their mind about the demonetisation because after it’s announcement orders were changing like signals, and Reserve Bank of India is only acting like a puppet of the Government.

In my opinion, Demonetisation is ill-planned and only announced because we have a prime minister who is TRP seeker and his all policies are based on the TRP ratings.

Ambedkar College, Delhi

नोटबंदी अघोषित आपातकाल है। यह वह दौर रहा है जहाँ एक राजा है और बाकि उसकी अंधी प्रजा है। कुलमिलाकर अंधेर नगरी। यहाँ मोदी जी जो करेंगे वो सर्वोच्च होगा।सर्वश्रेष्ठ होगा। मोदी जी में एक प्रतिशत लोगो का पैसा निकलवाने के लिए पूरे देश की जनता को लाइनों में खड़ा कर दिया।
100 से अधिक लोग लाईन में लगे लगे मर गए पर सरकार ने उनके लिए कुछ नहीं किया। यहीं अगर कोई सैनिक मर जाता तो सरकार ना जाने क्या-क्या कर देती। पर उस आम इंसान की क्या बिसात।
नोटबंदी का फैसला ही कानूनी रूप से गलत से है। संविधान में नोट बदलने का प्रावधान है बंद करने का नहीं। पर भाजपा सरकार इस बार तीनो स्तंभों का काम संभाल रही है।
नोटबंदी भ्रष्टाचार रोकने के लिए की गई। पर क्या गारंटी है कि अब भ्रष्टाचार नहीं होगा।
इतनी मुश्किलों को देखने के बावजूद भी जनता मोदी जी का समर्थन कर रही है। जनता का मानना है कि पिछली सरकारों ने कुछ नहीं किया ये सरकार कम से कम कुछ कर तो रही है। पर मेरा सवाल है कि यह सरकार कुछ कर तो रही है पर किसके लिए?

Madhu Dhurve
B.A Student, Bhopal

विमुद्रीकरण से में यह सोचती हु की इतना बड़ा फैसला सरकार कैसे ले सकती है जिसमे अचानक जिंदगी एक झटके में किसी और परेशानी का शिकार होने के लिए मजबूर होने लगता है। सरकार के इस फैसले से में तो सहमत नही हु क्योंकि उनके इस फैसले की परेशानी का सामना सबसे जादा गरीब और छोटे व्यापारियों को करना पड़ा है जिसमे उनके लिए किसी भी तरह की सुविधा नही रखी गई। ऊपर से उनके पास से किसी भी तरह का कोई कला धन अभी तक नही निकला। अभी तक यही खबर मिली है की बड़े पैसे वाले लोग, सेठ लोगों ने अपने पैसे अलग अलग जगहों पर रख दिया और मेंहगी शादी पार्टी कर ली। और इस अचानक वाले फैसले से सरकार ने जो बीच बीच में अलग तरह की जो गलतिया की थी उस पर उन गलतियों को भी उसने इस फैसले के द्वारा सबका ध्यान भटका दिया। फिर सब लोग सारे काम छोड़कर नोट बदलने में जुट गए। और इस विमुद्रीकरण का फायदा भी अभी तक देखने या सुनाने को नही मिला है। तो इस घटना का मुझे कोई ठोस फायदा नही लगता। कला धन निकालने के और भी तरीके हो सकते थे। मगर अचानक सरकार ने तो नए नोट ही निकल दिए।

यह भी अखबारों में पिछले साल पड़ने को मिला कि, कई प्रसिद्ध व्यक्तियों के पैसे विदेश में छिप्पाकर रखे है और पनामा जैसी खबर फैलने के बावजूद उन लोगो के ऊपर कोई क़ानूनी कार्यवाही नही कि गई।

Manish Jaisal
Phd. Student, Wardha university

संवैधानिक प्रक्रिया को गौर करें तो विमुद्रीकरण आवश्यक है किन्तु मौजूदा हालातों को देखें तो इसका राजनैतिक लाभ के लिए उठाए गए इस कदम से जनता को ख़ासी डिककटे उथनी पद रही है। जनता को इसका जवाब भी इनहों राजनीतिक दलों को संवैधानिक रूप से देना चाहिए।


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