For long one of the pastimes of thinkers was to comment and lament about the lack of big bang reforms by the Modi Government, especially in the financial sector. With PM Modi’ address to the nation yesterday, regarding banning the existing 500, 1000 rupees notes which in short would be a lethal blow to black money, counterfeit currency and it’s across the border patrons, the government has embarked upon one of the boldest reform in recent times which is as big bang as it gets.
Though as pointed out by many, implementation remains key and the authorities might be walking a thin line between seamless transition and utter chaos. This move was welcomed by many though some in the media and politics chose to take up their usual position. Here are a few we picked out:
Sarada scam, or the recent sting showing TMC leaders taking cash?
https://twitter.com/MamataOfficial/status/796031968945180673
https://twitter.com/MamataOfficial/status/796025259681947648
Surprisingly the original anti-corruption crusader turned twitter troll Retweeted Mamata Bannerji’s tweet. What has he got to hide? Is this why the AAP donors list is off the site for months now?
Wouldn’t forewarning ‘citizens’ meant they would have taken countermeasures to nullify the threat?
https://twitter.com/sagarikaghose/status/796003957365555200
Rahul Kanwal couldn’t figure out why people were heading to the ATMs. Maybe to withdraw Rs 100 notes? Oh Rahul…
https://twitter.com/rahulkanwal/status/796050105140973568
The film industry, which is said to have crores of black money, was also unanimous in supporting the decision.
Even the aggressive Kashyap, was seen in different moods.
https://twitter.com/anuragkashyap72/status/796028356911394816
Arjun Kapoor too had a say, but sadly it was like most of his movies: illogical
No not Indira Gandhi it was Moraraji Desai, it’s the 3rd time such an exercise has taken place, but with digital cash transactions gaining traction yesterday’s move might have the maximum impact. Nice try at monkey-balancing though
https://twitter.com/GulPanag/status/796007266260422656
And the ultimate endorsement, case closed now?
https://twitter.com/superstarrajini/status/796040786965991424
What now for the ordinary public? Read this primer. But in a nutshell all the money in 500 and 1000 rupees notes can be deposited or exchanged in any bank till 31st December. And yes those planning on launching a multi-million dollar startup which would take black money from people and exchange for a commission, the banks will be recording the identities of exchangers.