1. Demonetisation: As the policy implementation is about to complete its 2nd week, here’s how much a common man is affected

Demonetisation: As the policy implementation is about to complete its 2nd week, here’s how much a common man is affected

With the implementation of the demonetisation policy about to complete second week, 'never-ending' queues of cash-starved people still continues outside banks and ATMs.

By: | New Delhi | Updated: November 21, 2016 6:50 PM
Chaotic situation among the common people of the country erupted since the Narendra Modi government implemented the policy on November 8. (AP) Chaotic situation among the common people of the country erupted since the Narendra Modi government implemented the policy on November 8. (AP)

With the implementation of the demonetisation policy about to complete second week, ‘never-ending’ queues of cash-starved people still continues outside banks and ATMs. Chaotic situation among the common people of the country erupted since the Narendra Modi government implemented the policy on November 8, following which there had been a ban on currency notes of the denomination Rs 500 and Rs 1,000.

And while the Prime Minister cited the rise in the circulation of black money in the country, to initiate the anti-graft policy, several people had been struggling to exchange their old currency notes and to get a grab at the new usable cash, required for their daily needs. Political storm had also erupted, with many opposition leaders blaming the central government and Prime Minister Narendra Modi for creating public distress.

However, a major positive impact of the newly initiated anti-graft policy is yet to be evident, struggle and money-hunt among the common people continues. And with continuing debate on whether the note-ban will actually be helping the people in a long run, News18.com had made a rough calculation on one of the indirect costs, people spent waiting at the long queues outside banks and ATMs.

In an info-graphic, News18.com explained that in an hour a person looses Rs 47.4, and thereby losing Rs 1,137.6, waiting for 24 hours. This gives a hint on how much in total is being spent while several people wait for hours outside ATMs and banks.

The policy implementation and the political uproar over that had also affected the parliamentary houses, with the Rajya Sabha and the Lok Sabha witnessing repeated adjournments from Wednesday. Today, both the houses had been adjourned till tomorrow over heated debates and protests by opposition leaders.

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