Letters: Things are getting worse

Cashless society is a Western concept which cannot be implemented in India

Image
M. Kumar New Delhi
Last Updated : Dec 12 2016 | 11:24 PM IST
While announcing demonetisation Modiji asked for 50 days for normalisation of banking transactions. It seems it will take three to six months as even after more than a month, sufficient cash is not available in the banks and in ATMs. People are not getting cash withdrawal as per the stipulation of Rs 24,000 per week. The manager of a branch decides what amount is to be paid every day. Banking is in doldrums. Perhaps only in India, an honest citizen is made to beg for its own money kept in good faith in banks. Life comes to standstill without cash; across the country, people are facing problems in meeting their genuine expenses — even basic necessities of life are not met adequately. Worse, the rich, the dishonest and the politicians are not suffering at all. 

Cashless society is a Western concept which cannot be implemented in India. Already the barter system has come back at a few places. Corruption is not any less today as black money in new currency notes is unearthed in raids by the income tax department and the police almost every day.

M. Kumar, New Delhi
Letters can be mailed, faxed or e-mailed to: 
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg 
New Delhi 110 002 
Fax: (011) 23720201  •  E-mail: letters@bsmail.in
All letters must have a postal address and telephone number

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 12 2016 | 11:21 PM IST

Next Story