Demonetisation: Twitterati fumes as govt plans to use indelible ink for money exchange

But will this really stop multiple currency exchanges at banks?

By: Trends Desk | Kolkata | Published:November 15, 2016 7:53 pm
demonetisation, indelible ink, demonetisation ink mark, bank ink mark, Narendra Modi, Shaktikanta Das,curency ban, currency exchange, currency exchange ink mark, demonetisation policy, currency demonetised, currency notes, currency banned, Rs 500 note, Rs 1000 note, india news, indian express Many suggested that the move was quite insulting to the common people.

As a latest measure added to the demonetisation drive adopted by the government to curb black money, it was announced that indelible ink will be used to mark the fingers of those who exchange notes. The decision was announced on Tuesday (November 15) by Shaktikanta Das, Secretary Economic Affairs, to prevent repeated conversions.

While announcing the move, Das said there are the long queues outside banks and ATMs as many have been exchange money multiple times. He also said that because of these repetitive people, the exchange scheme has not been able to help those who really need it.

The sudden decision to abolish all Rs 500 and Rs 1,000 notes from November 9 has led to a financial crisis-like situation for many, and there have been some tragic fall-outs as well. The serpentine queues have angered many, and unfortunately even claimed a few lives. Though the announcement was hailed and lauded as a ‘surgical strike’ against black money, corruption and terrorism, as the woes of people increase, the temperament seems to be changing now.

The decision to use indelible use on people, like the one used during elections, did not go down well with Netizens and Opposition leaders. Bengal Chief Minister Mamata Banerjee yet again slammed the government, saying the move shows “this govt distrusts the common people”. Veteran journalist Shekhar Gupta called the move “Currency rationing”.

People questioned how rational the move was as there is already a restriction in place on exchanging and withdrawal of currency notes. Twitter users also expressed their anger on the micro-blogging site, few said this was “madness” while some tried to deal with humour.

Sample some of the reactions here:

 

What do you think about the indelible ink idea? Tell us in the comments below.

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  1. I
    Imran
    Nov 16, 2016 at 11:57 am
    Government should give debit card to all people of India and tell each shopkeepers to start ATM swap machine for overcome the cash change problem. People can deposit cash into bank and also can shopping by debit card. Because most of people facing problem for cash change.
    Reply
    1. E
      Enju
      Nov 16, 2016 at 1:33 am
      How much black money you think to recover with mere 4500 per person. What about people with no bank account and have to exchange more than 4500. Those exchanging money are mostly people with no bank account.
      Reply
      1. L
        Leeza bhatia
        Nov 15, 2016 at 5:49 pm
        Indelible ink idea can be successful but what about those exchanges which are done inside managers cabin...how indelible ink will be marked on those fingers which are not physically present before exchange and it is happening in every office..where black money is being conveted into white inside seniors cabins..many lakhs are converted daily without physically presence of ppl....
        Reply
        1. P
          Priya
          Nov 18, 2016 at 8:51 am
          Illiterate poor people who barely have savings of 10000 - 20000 rupees are now forced to open bank accounts becoz they cant exchange more than 2000 rupees ever after having inedible ink mark once. And as they are not that so educated to operate bank accounts, thugs will force them to discount their hard earned money. Kehte hai "sau gunhagaar bach jaaye lekin begunah ko saja nahi honi chahiye" Modi ji ke raaj mein ulta ho raha hai, swiss bank waale gunhagaar free hai lekin bechare gareeb log apne hi paise ke liye taras rahe hain and irony is people praising Modi ji also.. Irony Irony!!
          Reply
          1. V
            vasanth shetty
            Nov 15, 2016 at 5:57 pm
            People write twitter and blogs without using brain. What govt saying is , it is exchange over the counter without putting money in to account. So where is shame part. If you feel so put money rt o account. No one will ink you. And if you want more than 4500 , use withdrawal slip. Why shout with out understanding logic as if you are genius and found something great.
            Reply
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