Citizens of India are still in a deep shock with Narendra Modi's abhorrent decision of demonetization of currency. While interpreting the issue, various assumptions have been made by the analysts.
Co-incidentally, all the analysts and many other people unanimously opined that Modi's idea of curbing black money through banning high currency notes was good while his execution has gone utter failure. There were also further analyses on why the execution was failed. "It must be remembered that Modi passed just SSC. Had he done higher education, he could have accomplished his goal without flaws. Unfortunately, Modi's advisers also misguided him which led chaos everywhere at the moment," say analysts.
Instead of taking measures to bailout the muddle, Modi is resorting to cinematic speeches to gain sympathy from the people. Furthermore, the PM, let his mother visiting the bank to get her old notes exchanged.
In contrast, Modi government is encouraging corporate elements who are indebted to lakhs of crores. SBI wrote off 7,016 crores of Vijay Malya today. Modi should concentrate on recovering the black money from the corporate sectors instead of harassing common man.