Demonetization Saga - So who is responsible !!
From the midnight of November 9, 2016, lives of 1.25 Billion people have changed to a great extent. The government have decided to demonetize the high denomination currency of Rs 500 & 1000. Although this decision has left everyone flabbergasted, people have accepted it with open hearts. They have probably realized that it is a step towards cleansing Indian economy. Many years down the line, they will have a story saying that they were part of this historic moment. The decision could also be seen as a step towards fulfilling one of the electoral promises made by the current NDA government. The word demonetization is like a new vocabulary, hurled at a common man, one fine day. All that they understood, is that they need to get their hard earned money exchanged in the bank within the next 50 days. To clear the air, it is important to understand why any government take such step. Any government can act likewise in the following situations: 1. When the percentage of high d...