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Monday, July 16, 2018

Demonetisation: MPs and their money

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

Written by Ashutosh Bhardwaj , Liz Mathew , Anand Mishra | New Delhi | Updated: December 8, 2016 3:32:07 am
abhishek singh, Renuka Butta, Satyavrat Chaturvedi, member of parliament, mps, demonetisation, demonetisation impact, demonetisation politician impact, india news Abhishek Singh, Chhattisgarh CM Raman Singh’s son, with his family. (Source: File)

Abhishek Singh, BJP

‘Maoists and those who fund them are hit’

HOUSEHOLD EXPENSES: “There hasn’t been any immediate cash crunch. There has been some minor inconvenience, not any significant impact.”

BANK/ATM EXPERIENCE: “Not members of my immediate family, some relatives queued up at ATMs and banks.”

FEEDBACK: “Most people have undergone some inconvenience but also have a feeling that this inconvenience is for improving the system. I have deployed party men and NGO teams in my constituency to set up help desks for people in queues… We are also trying to ensure all information from the Centre reaches villagers correctly… So far, Maoists used to hide their extortion money in forests. Maoists and those who fund them have been hit. It is possible they pressure villagers (to deposit money in their accounts) but I believe they will not get people’s support.”

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Renuka Butta, YSR Congress

‘Cards useful… but you cannot pay everyone’

HOUSEHOLD EXPENSES: “I have been using credit cards and debit cards. These have come of use now. I have been able to persuade my staff and even the help at home to open saving accounts.”

BANK/ATM EXPERIENCE: “I did not go to an ATM because of long queues… I exchanged Rs 4,000 in the Parliament branch.”

FEEDBACK: “A friend faced problems for a daughter’s wedding. You can’t pay everyone by card or cheque… Some hope it is for a brighter tomorrow, others crib. I think it should lead to something good, we should get rid of black money. Otherwise, there is no justification for this crisis.”

Satyavrat Chaturvedi, Congress

‘I got seeds on credit, cannot pay for labour’

HOUSEHOLD EXPENSES: “My three children are settled, my wife and I are members here, so our needs aren’t much. I live off the Rs 24,000 I can withdraw in a week… I am a farmer… I am taking seeds on credit. I am not being able to buy pesticides or make labour payments.”

BANK/ATM EXPERIENCE: “I don’t go to an ATM. I carry out transactions at the bank in Parliament.”

FEEDBACK: “The situation is bad, I have come after seeing it. Farmers are not getting seeds. They are not getting money to buy fertiliser and pesticides. Families with weddings are not being able to spend their own money.”

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