The problem is people are not spending and postponing the expenditure. This will remain for a while. The minimum wages as per law is Rs.15K for a month. Daily wages will be in tune of Rs 300 to Rs 500. Due to lack of Rs. 500 notes this is getting impacted. Better to suggest govt to release more Rs. 500 notes to address the issue.
Re: Problem is people are not spending
by krishna gurumurthi on Nov 21, 2016 03:29 PM
Lack of 100 rupee notes can snowball into serious crisis,labores fisherman vendors,masons, rediwallas,flower sellers,watchmen, small farmers,all have to work but wiil go without money and food, their children are starving. Their curse will come to haunt
You should patiently explain them that the current crisis is for the betterment of our nation in the long run. If still they cant sleep then tell them politely that as a special case medical shops will accept sleeping pills in exchange of 500 and 1000 which is exclusively for them
Re: Explain the situation
by krishna gurumurthi on Nov 21, 2016 03:36 PM
CAN PATIENCE GIVE WORK AND FILL THE BELLY OF POOR CHILDREN? MANY FAMILIES ARE COOKING EVERY DAY AT 3 PM AND EATING HALF MEAL FOR THE EVENING. CAN YOU DEFINE WHAT IS LONG RUN IN A SOCIETY THAT HAS NO MONEY IN THE SHORT RUN? SOMETHING MUST BE DONE TO MITIGATE SUCH WOES OF SUCH PEOPLE
It is rule of rulers from the early days of history: Fleece the helpless common man, fill your coffers by engaing merchant class as middlemen. Modi is not an intellectual to work out a foolproof plan to eradicate black money (if he really meant it), but working for a select group of his / his party's liking, so to say. 'It's a surgical strike against the country's poor'. Pity we never get a good leader, but on;y good fakes. We Indians deserve better.
Re: All politicians are same
by mvshetty shetty on Nov 21, 2016 12:43 PM
Surekha,the problem is with refugees like you. we natives got a best leader that this country ever got.
Already some of poor people are not eating meal twice a day due to poor functioning of state governments. State govt have the responsibility of improving lives of daily wagers and other poor. It is not correct to blame on demonetisation.
I was reading the story in a news article wherre people abroad are not able to exchange the rupee, now I also saw some international media news online that the demonetization is good but there are few loop holes too which cannot be ignored, firstly the poor masses are suffering the people on hand to mouth existence, daily labourers, wage earners, they are skipping meals, their kids are not able to eat a proper meal, hardly there is anyone who are paying them properly or in full, now take the dead line 31st dec, 16 now post the deadline or after dead line RBI is the last resort, but expiry date would be announced and soon after that RBI balance sheet will come into picture the amount money circulated till date and amount of money recovered from the market will be tallied and of course the gap would be enormous in lakh crores of rupees, so whatever money which didn't came back to govt. RBI would be regarded has surplus and govt. can do whatever they want, loan write off is one of the thing which they recently did, 7000 crore write off happened, more to come, and rest money would be offered to bank since banks has huge NPAs so this money would be use to stablize the banks balance sheet as well, so that they can do their business as usual like offer more loans to industries and big corporate houses, now the real questions is who would be big beneficiary a common man or rich ones, some meagre amount would be shown as a help to poor for advertisment..it will interesting to watch.
if poor are holding so many no of 500 and 1000 notes then they must not poor so do not misguide the poor they are in same as before and as after note bandhi . if poor were unhappy then the picture of the country was different they support the step so country is going smooth that is why opposition trying to politics with them if disorder them
Re: poor
by Kanwal on Nov 21, 2016 12:01 PM
Take off your political glasses and read the above article once again. It is not at all about poor holding so many high deno. notes.
Dear Readers it was a presumed guess of the rich that Politicians in India are the biggest liars,Cheaters and Bluff masters.See how true.All the countrymen were promised Rs 15 lacs each of the black money These liars promised for the money they will get from what ever is stored abroad by Politicians etc.So far so good.All slept with dreams of sort.Then The present JUMLA BAZ party came to power.All promises fell flat.The worst is for those who had 15 lacs with them.It turned to scrap by the draconian order of one feeling less Leader with no son,no daughter or grand children.Luckily not even wife.A singleton who had no experience of love,affection or responsibility.So also people were not aware of the butcher who will kill all of them with one stroke.HE IS GREAT AND HE HAS DONE IT.He killed feelings of millions with one stroke.
What he calls a Black money?The individual who saved over years in separate partitions for his each descendant be son.daughter or grand children or donation after death etc Some saved even for their last rites after their demise fearing no one to cremate them.There are widows,destitute,poor who saved for the rainy day are cursing themselves for elevating a mentally sick and depraved tea seller.We forgot the saying that a brick from gutter must not be put in drawing room as it will stink the complete room.
I am with him for his drive for Black money,anti corruption and development but not on the corpse of Poor as well as middle class . More to follow..
