Narendra Modi, India's prime minister delivered a bolt from the blue when he announced his decision to scrap Rs 500 and Rs 1,000 notes on Tuesday. It has led to a mad scramble in banks and ATMs with the middle class facing the immediate impact. Bollywood Life spoke to a few actors to know how they managed to survive these few days...
It is a tough task but I am managing well. Luckily, I am about to withdraw cash on that day from the ATM but forgot. I feel it takes a lot of guts to take a decision like this. I really feel for the poor people who buy from their daily wages. I am buying stuff through my cards so it is not a problem.
The decision is going to be beneficial in the long run. My mom lives with me and of course, we were worried when Rs 500 notes were redundant. Moreover, ATMs were closed. However, my daughter's piggy bank came in handy for day-to-day expenses. I felt really bad when I heard about the problems my building's watchmen and my maid were facing. They literally panicked. They are going through a lot of stress. Thankfully, people accepted it in hospitals. I really feel that people who hoard black money have black hearts. If this situation makes them donate a bit of their cash, it will be good.
This issue is being discussed on a whatsapp group by actors, creatives and directors and here is what we feel. It is a known fact that maximum black money is with ministers and industrialists, however the strata that is really feeling the pinch of this decision is the middle class and poorer sections. Watchmen in my building have gone without food as they could not get change. There is no doubt that the move is a well-intentioned one. I remember going to a store and buying a cold drink. He did not have the machine to swap my debit card. I could not purchase. Later, the man told me he had sent back 200 customers in two days. Just imagine the loss for an average shop-keeper. I feel for the class that is affected the most, autowalas, security and domestic help. My friend's money is stuck in a government locker as well. We definitely want a better economy but not like this. Personally, I already made advance payments for my wedding so I was not affected. I am paying with my card for online purchases. We had withdrawn some money but we deposited it back. This is India. People who had an inkling of this sold off their shares and invested in gold biscuits. Jewellery showrooms were open till midnight. Those with black money have not incurred any loss per se.
I accidentally kept my cellphone on my credit/debit cards and fell into the chip problem. They were not working. So, it was very tough. However, I got new cards and ordered groceries and daily necessities online. I am surviving on Rs 700-800 per day. I gave away rest of the cash to my domestic help, who was in greater problem.
Karan V Grover
I have always believed in cashless transactions. Friends will tell you that I do not keep even Rs 50 in my pocket. This decision did not affect me at all. I feel it is a fabulous decision. Last month, I opened bank accounts for all my staff members and do electronic transfer for them. I have taught them banking basic.
I am in Ahmedabad and people are raving about Modi's decision. In one shot he ended the malaise of black money and fake currency in the country. All the funding for terrorist activities will stop now. It is a bhayankar and bold move. This move will surely resurrect the economy. I see a bright future for my children. We will match China's growth quite soon.
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