Showing posts from November, 2016

The Currency Ban and it's aftermath

It was the evening of the 8th of November when the news of the ban of the Rs.500 and Rs.1000 notes reached me. At first, I just laughed the thing off, thinking it was just another Whatsapp rumor or prank being played by someone. Later on, to my surprise, I actually read the official news articles and confirmed the authenticity of this news. In what is thought to be a major assault on black money, fake currency and corruption, Indian Prime Minister Narendra Modi went on national television at 8 pm and announced that from the midnight of that day (12 am, 9th Nov 2016) the Rs 1000 and 500 currency notes will be demonetized.

The social media erupted as soon as his announcements came out with scores of netizens praising the Prime Minister's move as a 'surgical strike' on black money, while some others criticizing his move for having caused inconvenience to the common man.

Being preoccupied with things as usual, at first, I didn't realize the magnanimity of the change that …