A large group of protestors came out to voice their concerns against Demonetization at a rally organised by Chief Minister Arvind Kejriwal. Jan Ki Baat spoke to a few of those assembled in the area to get them to disclose the reasons behind their staged protest. It is not the poor who possess black money and yet it is they who were the most adversely affected sections, a man said. The cash-crunch theyre forced into has posed a threat for their everyday routine. Some even claimed that they were starving because they didnt have the money to buy vegetables and fruits.
When PM Modi declared his, and his governments, idea to sweep the nation, on 8th November 2016, the demonetization drive had begun. Getting rid of black money was a major portion of BJPs 2014 list of goals. Sudden withdrawal of the legal tender of ?1000 and ?500 was questioned by many. Though demonization was lauded for its noble goal, it was at the same time critiqued the in-built flaws it had.
The effects that demonetization has had on the residents of India have been poles apart, with some calling it a good enough cause to unite Indians and cultivate honesty and others seeing it as anti-poor, anti-middle class policy. The diverse reactions to it need to be recorded to understand the variety of effects financial policies have on different social classes and sections.