Almost a month and half has passed after demonetization but there is no end to queues in front of banks and ATMs. Meanwhile a huge set of economist rose across the country. Their messages are getting viral on social media. These self-proclaimed experts can penetrate through the present crisis and see the long-term benefits. It includes some of the names which found enlisted in Panama Papers. The others who are against the move include renowned educationists, experts from various university, people associated with world bank and Nobel laureate Amartya Sen. He recently said people can’t access their own money. In order to withdraw their hard earned bucks they are facing torture, insult and grave inconvenience. This can only be done by an authoritarian government.
Well-known economist Kaushik Basu stated that the move was focused to eliminate corruption, black money, terror funding but backend was unplanned that ended in huge mess. Market economics was highly disregarded which is all set to create havoc. Dr. Manmohan Singh underlined the monumental mismanagement behind the move which can lead to failure as GDP is all set to fall around 2 percent. Whereas Jawaharlal Nehru University’s Economics Professor Arun Kumar called it sheer stupidity.
On the contrary celebrities welcomed the move open heartedly. Actor Abhishek Bachhan appreciated the currency exchange exercise and said if somebody is working for the country he needs to be fully supported. His father Amitabh backed the government and compared the pink notes with his movie Pink. Rishi Kapoor tweeted in fro of the step while actors like Anushka Sharma, Salman Khan, Anushka Sharma, Ajay Devgan, Akshay Kumar and director Anurag Kashyap supported Demonetization. Modi’s fans list include some more names like Virender Sehwag, Virat Kohli, Anupam Kher, Sri Sri Ravi Shankar. Baba Ramdev went a step ahead and stated anybody who protests demonetization is unfaithful to nation.
Common man is dying in queues and people with crores and carats are talking about reforms. Government is claiming to have implemented the normalcy with sufficient currency in banks and atms. However atms and banks starving out of currency crunch.