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  1. Demonetisation: India still bound by queues as cash shortage persists

Demonetisation: India still bound by queues as cash shortage persists

It's more than a month since demonetisation was announced by Prime Minister Narendra Modi, but the long queues outside banks and ATMs have not shortened and neither it seems to happen in the near future.

By: | Updated: December 13, 2016 11:45 AM
Demonetisation, Cash Crunch, Bank Queue, ATMs, Narendra Modi, BJP, Note Ban It’s more than a month since demonetisation was announced by Prime Minister Narendra Modi, but the long queues outside banks and ATMs have not shortened and neither it seems to happen in the near future. (Source: ANI)

Tuesday morning brought more drudgery for Delhiites as people rushed for cash after a 3-day long bank holiday. Long queues are being seen outside bank branches and ATMs in areas like Parliament street, Vasant Kunj and other places in Delhi, but the same is being repeated across the nation. It’s more than a month since demonetisation was announced by Prime Minister Narendra Modi, but the long queues outside banks and ATMs have not shortened and neither it seems to happen in the near future.

However, the central government has been consistently emphasising the fact that the ongoing cash crunch would improve within a few weeks, but looking at the current situation, it can be clearly understood that the common man is still suffering and improvement is nowhere near.

A recent survey published by LocalCircles says that with the cash crisis continuing to trouble the common people, support for Modi government’s demonetising high denomination notes is declining day by day. Out of 8,526 people who participated in the survey, 39 per cent now felt the implementation of the scheme has been good as against the 51 per cent of the respondents who supported it about 3 weeks ago.

Seething at the series of money laundering cases as well as seizures of hundreds of crores of rupees in new currency notes that have emerged post the demonetisation drive, people standing for hours outsede banks and ATMs feel that the move has only hampered the living of middle and lower class people. When asked to comment on the situation, a man standing in bank queue said, “Crores of rupees are being seized at various places,rich aren’t affected. Do you see any of them here? We have to suffer.”

In Uttar Pradesh’s Varanasi, which is PM Modi’s Parlaimentatary constituency, people were seen standing patiently in queues on streets in front of ATMs and hoping that they will get hands on some money.

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