Follow Us:
Wednesday, July 18, 2018

Demonetisation: MPs and Their Money

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

Written by Liz Mathew , Anand Mishra | New Delhi | Updated: December 10, 2016 3:40:50 am
demonetisation, cash crunch, MP cash crunch, member of parliament, Jay Prakash Narayan Yadav, RJD, Ashwini Kumar Choubey, BJP,  Dushyant Chautala, INLD, Nishikant Dubey, indian express news, india news Jay Prakash Narayan Yadav, RJD

Jay Prakash Narayan Yadav, RJD

‘Haven’t yet paid staff, children’s school fees’

HOUSEHOLD EXPENSES: I have not paid either my staff or school fees of my children. I have been unable so far to take out Rs 24,000 from the bank. I do not know how long I would be able to defer it. People in my villages say they cannot even host any people.

BANK/ATM EXPERIENCE: I don’t use any card. There are tribals in my state who have not seen even a bank or post office.

FEEDBACK: Recently, a man from a village brought his father for treatment in AIIMS. The patient died, and he (son) wanted to take the body to village. He was crying for help and no one could help him. People are increasingly becoming apathetic to others’ requirements.

Modiji is asking people to wait, but will death and birth wait? If you are sick can you wait until currency comes in? People need money to meet daily requirements — (but) it’s date par wait, aur wait par date!

Ashwini Kumar Choubey, BJP

‘Even milk vendors are now using debit card’

HOUSEHOLD EXPENSES: I have stood in queue at a railway station in my constituency (Buxar, Bihar). The queue was very long and the train arrived before my turn came. People asked me to break the line and go ahead, but I did not. Then someone offered me Rs 200 and I managed with it. My wife, son and daughter-in-law went to the bank and withdrew money.

BANK/ATM EXPERIENCE: I use debit card and I found more people are using debit card in Buxar. Even vegetable and milk vendors have started using debit cards. I have asked bank officials there to train more people.

FEEDBACK: There are some complaints of delay in getting cash, but things are improving. People are facing some trouble but no one complains. It’s like a woman will have severe pain to deliver a baby, but when the baby comes no one remembers the pain.

Dushyant Chautala, INLD

‘How many people will you train (in digital banking)?’

HOUSEHOLD EXPENSES: I use debit and credit cards but managers of banks in my constituency (Hisar, Haryana) and they said only 3 per cent of their total customers do netbanking and only 9 to 9.5 per cent use a debit card. So how many people will you train (in digital banking)?

BANK/ATM EXPERIENCE: When I went to the Parliament branch of SBI, CISF personnel were standing in line. They were facing problems in even running the CISF canteen, for personnel who guard Parliament complex.

FEEDBACK: Bank branches in Hisar get Rs 4 lakh a day, which is nothing for (the number of) people standing in queue. The government says NABARD has issued Rs 21,000 crore for my constituency. But if you go and ask, you will not find any farmer who has received money.

Nishikant Dubey, BJP

‘People are happy with the decision’

HOUSEHOLD EXPENSES: It (demonetisation) has had no impact on me. I have been using credit card and debit card for long.

BANK/ATM EXPERIENCE: I did not go to any ATM to withdraw money since I have the facility to do it from my bank account in Parliament. My father stood in queue at an ATM (back home) and got cash.

FEEDBACK: My constituency (Godda, Jharkhand) is essentially rural, and the feedback is good. Cash is not as much an issue there.

People are happy with the demonetisation decision. Farmers also do not face any problem in my constituency as they have already completed agricultural activities when the decision was announced last month. I have got calls from many people (from Godda); they are happy with the decision.

For all the latest India News, download Indian Express App