Post-Demonetization Steps - My Thoughts
It has been 50 days now since demonetization was announced by Indian Prime Minister Mr. Modi. And we all have experienced wide set of emotions through these 50 days. We have been happy, ecstatic, overjoyed, sad, pained, frustrated, hopeful and what not. And every time we have felt our emotions are justified. I have been through many of these emotions except for pain and frustration. I haven't had to stand in a queue for more than 15 mins and have been able to use digital payments at most of the places, conserving my cash that I had exchanged in mid-November. After initial surge in usage of digital wallets, the downward trend is very evident now. I have seen people giving out reasons such as wallet is full, swipe machine not available to avoid accepting digital payments. To the extent that one of my regular lunch outlets allowed me to pay the bill after I "get" the cash. On one of the occasions, swipe machine of my vegetable vendor wasn't really working. I encour...