STOCK MARKET BSE NSE

Even a month after demonetisation, rush at banks and ATMs is still high. We ask people, how are they managing?

Published: 03rd December 2016 11:10 PM  |   Last Updated: 04th December 2016 07:56 AM   |  A+A-

Jahan Ara, 22  Graphic designer
Poor and middle-class people are the ones who have been affected the most. Many ATMs are still out of cash. Even though withdrawal limit is Rs 24,000, banks aren’t giving more than Rs 10,000 per person due to shortage of cash. Prices of commodities have fallen down, which is good for people like us. But it has largely affected the farmers, who are at receiving end. Non-availability of cash has led to decrease in purchasing power of buyers.

Radha Sharma, 42 Housewife
Demonetisation is a good decision by the government but we are being inconvenienced a lot due cash crunch. ATMs don't have cash and banks remain crowded all day. We come here so early to withdraw cash. A crisis-like situation has arisen and even the vendors are selling fruits, and vegetables at high rates. We are managing our daily expenses somehow. The government should take measures to bring the things to normalcy, so that people can lead a routine life once again.

Savitri V, 45 School Principal
We are facing so much problem due to the government’s so-called decision of demonetisation. The step that was taken to wipe out black money from the country is hitting the poor people. It has become difficult to buy commodities of daily use such as milk, water, bread and vegetables. What will the common man do in such a situation? The government has failed to manage the cash so far. It is the need of hour to take action to ease rush at banks and ATMs.

Vikrant Vashishta, 18 Student, Amity University
This idea of starting the Rs 2,000 note is not good. It has become a hassle to buy commodities with this high-value currency. I went to the metro station counter to recharge my card with Rs 200, but the attendant concerned asked me to get a recharge of at least Rs 500 done, so as to get change. What a person will do in this situation. We have other expenses also. Banks are getting cash every third day. We are students and can’t waste hours standing in queue to withdraw money.

Niharika Malik, 20 Employee, Private Firm
The middle-class people are the worst hit due to demonetisation. There are no kendriya bhandar or safal (government run) stores in our locality, so we are buying the commodities of daily need from the shops that are located near my home, which are costing us more. Prices of many articles have increased. Even the people who supply drinking water have increased the rates. Earlier, a 10-litre container used to cost Rs 120, and the price has now increased to Rs 150. We are left with no option but to spend more.

S P Mani, 51 Employee, Central Public Works Department
It is the worse condition we have faced in years. I reached the bank at about 4 am, and was able to withdraw only Rs 10,000 cash at 10:30am. It is festive season and we have to buy a lot of stuff, including gifts and sweets. But it is not possible with less cash. Demonetisation was a very bad decision. People are subjected to inconvenience and government is not taking steps to ensure availability of cash at banks and ATMs daily .

Mansi Rani, 21 Intern, Content Writing Firm
I don’t think demonetisation had much impact on me being an unpaid intern, and above that I stay with my parents. Our generation can still manage as we buy most of the stuff online. But I think it has affected the lower and middle-class people a lot. For people who do not belong to this online generation and are sole earners for their families, it has really been difficult to manage expenses. They can either go to their jobs or stand in queues to withdraw cash. This is sheer harassment.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

edexworks
flipboard facebook twitter whatsapp