Demonetisation: MPs and Their Money

MPs of various parties tell The Indian Express how they are coping with the cash crunch.

Written by Anand Mishra , Liz Mathew , Manoj C G , Ashutosh Bhardwaj | New Delhi | Published: December 6, 2016 2:29:43 am
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Rajyavardhan Rathore, MoS, I&B

‘My parents stood in queue, got money home’

HOUSEHOLD EXPENSES: “After this decision, for the next two or three days my wife bought groceries with her card. One of the easier methods we are going to adopt is to give a card to our staff.”

BANK/ATM EXPERIENCE: “I went to banks and ATMs to meet people, not to withdraw. My parents were kind enough to go and stand in queue… They know their son is involved in a lot of work and therefore to help me they stood in line and quietly withdrew, exchanged money and brought it home.”

FEEDBACK: “Initially people did inform me that a lot of people were being paid to stand in queues. But that stopped a couple of days later… Cash is reaching the villages, the problem is reducing… One of the most interesting things I heard was that most people started borrowing currency from their drivers. I think that people at large, the general people became much more important after demonetisation.”

Surendra Singh Nagar, SP

‘Business tough, we need cash to buy milk’

HOUSEHOLD EXPENSES: “It’s quite difficult to manage as we are into the dairy business. We collect milk from farmers and pay them in cash as many of them deal with small quantities and have no bank accounts. Our workers have to be paid in cash… I have a credit card and a debit card and have been using them for my own expenses.”

BANK/ATM EXPERIENCE: “My wife went to the ATM and had to wait for 90 minutes.”

FEEDBACK: “They told me there is a food crisis also in Noida and many construction workers are going home to their villages. The state government has asked builders to provide the workers food.”

Ashok Siddharth, BSP

‘People make faces if you give Rs 2,000’

HOUSEHOLD EXPENSES: “Where do you take this Rs 2,000 note? People make faces, get annoyed when you give them a Rs 2,000 note. How would you get the chang”?”

BANK/ATM EXPERIENCE: “I went to the Parliament branch and did not face any inconvenience but my children did face it in Lucknow. They stood in queue for 90 minutes and even then they did not get the currency.

FEEDBACK: “In Mohanlalganj of Lucknow, a woman was handed 16 kg coins [at the bank]. In Kayamganj in Farrukhabad, new currency has hardly reached rural branches. In Sitapur, Rae Bareli, very few branches have currency.”

A Sampath, CPM

‘Rs2,000 note like coconut in a dog’s hands’

HOUSEHOLD EXPENSES: “Our domestic help, children’s tutor, the auto driver… milkman all need to be paid in cash. We travel in remote areas… drink tea and eat from roadside shops… there are no swiping machines with them.”

BANK/ATM EXPERIENCE: “I withdrew Rs 24,000, all Rs 2,000 notes. It is like coconut in the hands of a dog… c’n’t break it but c’n’t part with it either. My wife stood in an ATM queue, she then told me she couldn’t stand stand any longer as she had to go to office… I went to the bank in the Parliament building… there were at least 60 people… I saw even the security man standing in the queue.”

FEEDBACK: I went to Vamanapuram for a party meeting. A woman was waiting for me with her husband. She was in tears… She had pledged land and taken a loan of Rs 1 lakh [for her daughter’s wedding]. She had the cheque in her hand but was not able to cash it. I took her to the bank… finally, they told me if she can bring four relatives… this cheque can be converted into the names of four people.”

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