Letters: Unending wait

After demonetisation, rules for withdrawals are changed daily; there is no consistency in the government's stand

Even after more than a fortnight,  cash is not available at the counter of many banks and in ATMs. Tokens are issued but when the cash will be available is not known. Customers are asked to come again or that the bank will inform on phone when one should come. What a situation! This is due to the poor administration and faulty planning of the demonetisation move. Rules for withdrawals are changed daily; there is no consistency in the government’s stand. Perhaps only in India, an honest citizen is made to beg for its own money kept in good faith in banks. Nowhere in the world are such absurd rules made which we are witnessing here.

The move intends to curb black money and its hoarding, which will not be achieved by introducing Rs 2,000 currency notes. Across the country, people are facing problems in meeting their genuine expenses — even basic necessities of life are not being met adequately. On the other hand, the rich and dishonest politicians are not suffering at all. Cashless society is a western concept, which is not easy to implement in India.
 

Already the barter system has come back at a few places. We are marching backward now. What a great achievement by the government!  Moral of the story: Do not keep money in a bank in future; keep it in cash at home — in any case, interest rates are falling and inflation eats all the money saved in banks. Keep all the records of cash kept at home to satisfy the income tax department and other government agencies.
 

Mahesh Kumar  New Delhi  

Letters can be mailed, faxed or e-mailed to: 

The Editor, Business Standard

Nehru House, 4 Bahadur Shah Zafar Marg 

New Delhi 110 002 

Fax: (011) 23720201  ·  E-mail: letters@bsmail.in

All letters must have a postal address and telephone number