Poor management and execution post demonetisation

Nitin Agrawal , Working professional

Demonetization is a great move but its execution part is very poor. It is because of unplanned execution that people are facing hardships in exchanging and depositing the denotified notes in banks. Recalibrations of ATMs should have been done at the earliest so that the new notes could reach to people in more convenient way.

Dr Rajeev Dixit, college teacher

Recalibrations of ATMs could not be done despite closing down of machines for more than two days. If ATMs were closed down just after filling Rs 100 dominations, I would say that banks took much of time to do so. The system could have been channelized in a better way.

Gaurav Chaudhary, Contractor

Demonetization is a great decision as it will eradicate black money and corruption, but the execution was not properly worked out. People are forced to stand in serpentine queues for hours so that they can arrange notes to purchase daily need items.

Abhay Pandey, Businessman

Buying vegetables and grocery has become a major problem as no one is tendering change. Most of the people have run out of minor denomination notes. If the problem is not addressed at the earliest, the situation will turn grave.

Vikas Nandwana, Student

There was no money even on Saturday in most of the ATMs. I was in dire need of money and was determined to get cash from ATM. After running from one ATM to another, I finally found the one having money and comparatively less crowded. But I could not withdraw more than Rs 2000.

Manish Sharma, Restaurateur

As small denomination currency notes are not available in the market, it has become difficult to run business. I run a restaurant. I have to send customers back as I don’t have change. In last few days, my business has been hit badly. The situation would have been the same in other businesses too.

Monu Parmar Marketing manager

I am among the lucky ones who got new Rs 2000 domination notes. But nobody is accepting that in the market as they do not have change. Even new notes are being returned by shopkeepers if one does not purchase things whose total works out to Rs 2000

Manish Pawar, DAVV official

Since I use plastic money for most of my purchases, the present situation is not affecting me much. But I would say that things are in a tailspin ever since demonetization has been done. Execution part was not planned properly. The government realised this and that’s why extended the date to accept denotified notes at petrol pumps, hospitals etc till November 14.

Akshay Tiwari, Businessman

I don’t think situation was handled properly after demonetization. Despite passing off five days, recalibration of ATMs has not been done so that new currency notes could be filled. If ATMs were not recalibrated in a week, the situation would go out of government’s hand and then it won’t be easy to control things.

Anil Arya, Financer

No doubt there could have been a better planning. The problems caused due to demonetization are plenty but we are ready to face all those problems for a better tomorrow. The government should ensure that recalibration of ATMs is done without much ado so that people with limited resources do not face more problems.

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