Nov 24, 2016

Demonitization, corruption and my two bits on it

Here's my two bits on a massive change that's swept India over the last couple of weeks. The first I heard of the 'demonitization' was through a forwarded WhatsApp message the husband read out while we were in Goa. My first reaction - it must be one of those fake forwards; ignore! Pretty soon, it became evident that the news was pretty real. This was around 9pm on 8th November.
The enormity of the change started sinking in over the next few days as we heard news and opinions about this change. (And of course the forwarded 'jokes' and images and GIFs!). The move has been politicized to no end, and rightly so, because above everything else it IS a political move. It definitely isn't the life saver, high moral ninja move that BJP would have us believe, but is it all bad?
Personally, I like the idea behind it. To make people accountable for the money they have. I do feel that it would - to some extent - start a trend towards discouraging demand for bribes. Some may say I am being foolishly optimistic. Quite likely, but I'd pick that over reflex cynicism any day.
Now about the flip side. I have witnessed and heard of the struggles people have faced in managing their work and lives in general due to the long ques at banks. I've come across people who claimed to be queuing up every single day for a week, only to be turned away stating that the bank was out of cash. People who have stood for hours waiting for their turn, while someone with 'contacts' flouts the que with no qualms. People who have struggled to fund the day's meal as they were out of cash and were only being paid in old currency. People who have had to miss work as they stood outside banks.
The idea of making our country and society free of corruption is a noble one. Sadly though, it seems to be failing because we are steeped in a mindset of entitlement and quick fixes. No one wants to stand in ques. No one wants to wait. So what do we do? We call up someone who knows someone to "arrange" for cash. We pay people to stand in line for us. We urge our domestic help to deposit our black money in their name.
So if you ask me, the demonitization is not causing all the trouble. It is us. The common people. If only we had the patience and discipline, this transition would have been way smoother! I understand that people dealing primarily in cash are struggling. I empathize with them. But I do not understand or appreciate people who have easy access to plastic money or online transactions, and are complaining about the "inconvenience". Since 8th November 2016, I have spent less than Rs.1000 in cash. And I have been alright.
So please, don't panic. Please don't add to the commotion. And for God's sake don't believe everything you hear. Go out, see what it's like for yourself before assuming the worst! You can actually contribute to reducing the panic! Please only withdraw as much money as you need. And spend it rather than hoarding!
And hey..change is fun! Enjoy the novelty of the 2000 and 500 rupee notes if you do manage to get hold of them ;)

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