On Nov 8,2016 when government decided to cease the high currency notes of ₹500 & ₹1000 to be legal tender new innovations among large cash hoarders started making their way to pacify its effect on their luxuries,consecutively its implications were levied upon poor labourers working in factories,middle class employees in private companies and small traders who relied upon big merchants and industrialists.
The problems faced by first two mentioned above were related to their pay of salaries as their owners started compelling them to accept their dues in cash rather by cheques or other electronic means. There is no doubt of their intention as paying in cash means giving theirs liability of ceased denominations to helpless workers and hence clearing their dirt.
Moreover, problem faced by small traders were somewhat different,they were forced to buy materials at higher cost than that they used to before demonetization,the big merchants solely blamed this on government as according to them they don't have enough to pay their employees leading to creation of artificial upsurge in market price,affecting populace and hence hurting credibility of government. However,if reasoned properly their excuse was nothing but ivory towers because when Jan Dhan accounts (owned mostly by poor) can be exploited to hide unaccounted wealth then why not in paying monthly dues.
Similar problems are being faced by small farmers as their produce is not getting buyers,at the same time there are thousands who are dying of starvation.
Our credentials as a nation always gets hurt because free ice creams and lollypops are accepted with warmth than working hard and sharing the benefits. Nevertheless, much of the responsibilities lies on government shoulders in checking the intents of those hurting the society in order to safeguard their corrupt practices.
