DEMONETISATION – GARIBON KI ZINDAGI KHATRE MEIN NAHI DALNA
DEMONETISATION – GARIBON KI ZINDAGI KHATRE MEIN NAHI DALNA Despite tall claims on double digit GDP growth and successful economic reforms, still over 25% population is under BPL & about 45% are functionally illiterate. It is evident that rich is becoming richer and the gap between rich and poor is further widening. It implies that India is growing at the cost of Bharath, which is not a healthy democracy. Poor are vulnerable and susceptible to all sorts of exploitation, more so in under developed and feudal societies. It is clearly evident from the fact that zero balance accounts bulged over night with record banking growth. Over 65000 Crores deposited in 15000 JAN DHAN YOJANA bank accounts in record 15 days time and likely to double/triple by end of December, 2016. On record its great achievement for Government and claim that the objective of banking with poor is achieved. GOI committed a strategic mistake by allowing bank deposits without proper validation