How Demonetization Is Affecting India’s Citizens
Bitcoin.com (BC): As {an ordinary|a normal} Indian, what {impact|effect} has the demonetization had on you {so far|up to now}?
Sameera Pandilakshmi
Sameera Panddilakshmi (SP): In {fact|actuality}, demonetization has had {an adverse|a negative} {impact|effect} on the way I carry out my daily {activities|actions}. {I had to {start|begin} with exchanging {the old 500 and 1000|the} rupee notes {at banks |}which {is highly time-consuming|is}|With exchanging the old 1000 and 500 rupee notes {at banks |}which is highly 19, I had to {start|begin}|I had to {start|begin} with exchanging the old 1000 and 500 rupee notes {at banks |}which {is highly time-consuming|is}|With exchanging {the old 500 and 1000|the} rupee notes {at banks |}which is highly 19, I had to {start|begin}}. {Changes in the rules {concerning|regarding} {the demonetization|the} {process|procedure} on a {frequent|regular} basis by the Government of India causes {{significant|substantial} {discomfort|distress}|{discomfort|distress}} as {one|you} {had|needed} to keep up with the deadlines|As {one|you} {had|needed} to keep up with the deadlines changes in the rules {concerning|regarding} {the demonetization|the} {process|procedure} on a {frequent|regular} basis by the Government of India causes {{significant|substantial} {discomfort|distress}|{discomfort|distress}}|{{Significant|Substantial} {discomfort|distress}|{Discomfort|Distress}} is caused by changes in the rules {concerning|regarding} {the demonetization|the} {process|procedure} on a {frequent|regular} basis by the Government of India as {one|you} {had|needed} to keep up with the deadlines|As {one|you} {had|needed} to keep up with the deadlines, changes in the rules {concerning|regarding} {the demonetization|the} {process|procedure} on a {frequent|regular} basis by the Government of India causes {{significant|substantial} {discomfort|distress}|{discomfort|distress}}}{bitcoin casino mobile app android bitcoin casino bonus ohne einzahlung|top 5 bitcoin casino bitcoin casino free faucet|bitcoin casino live dealer bitcoin casino free money|best bitcoin casino for us players bitcoin casino free 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New rule every {three|3} days and bitcoin casino no deposit bonus code. {People|Individuals} have {{bitter feelings|feelings} everywhere|everywhere to {bitter feelings|feelings}|feelings that are bitter everywhere|everywhere to feelings that are bitter}. {There is|There’s} a sense of urgency attached to {even |}simple chores {like|such as} shopping {at a grocery|in a supermarket} store/supermarket, paying {electricity|power} bills, filling up the tank{, etc.|}.
BC: Do you think many Indians are for demonetization?
SP: {Initially|Originally}, the {majority|vast majority} of Indians welcomed the demonetization move. They {believed|considered} that it would wipe out {corruption, hoarding {of black|of} money and the financing of terrorism|corruption, hoarding of money that was black and the financing of terrorism|hoarding {of black|of} money, corruption and the financing of terrorism|the financing of terrorism, hoarding {of black|of} money and corruption}. As days passed {by|}, the {consequences|effects} of the demonetization {process|procedure} {made many|made} Indians question the effectiveness of the move. {More than|Over} 80 people have lost their lives due {to {various|different}|to} reasons {ranging|which range} {from {standing in long queues|standing} at banks {for {long|extended}|for} {hours to being denied {treatments at hospitals {due to|because of} lack of {currency|money} notes {of smaller|of} denomination|treatments}|hours}|to being denied {treatments at hospitals {due to|because of} lack of {currency|money} notes {of smaller|of} denomination|treatments} from {standing in long queues|standing} at banks {for {long|extended}|for} hours|to being denied treatments at hospitals {due to|because of} lack of {currency|money} notes {of smaller|of} 38, from {standing in long queues|standing} at banks {for {long|extended}|for} hours|from standing at banks {for {long|extended}|for} hours in long queues to being denied {treatments at hospitals {due to|because of} lack of {currency|money} notes {of smaller|of} denomination|treatments}}.
BC: From {your|the} {perspective|standpoint} is a cashless society possible in India?
SP: {The complete|the whole} transformation of India into a cashless society is a possibility, {though|even though} it {can’t|can not} happen overnight. 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us players|no deposit bonus codes for bitcoin casinos us players bitcoin casinos for us players} EWallets {like|such as} PayTm, Freecharge, Ola {Money and Unified|Unified and Money} Payment {Interface {applications|software} {facilitate {digital|electronic}|facilitate} transactions|Interface {applications|software} facilitate transactions that are {digital|electronic}|{{digital|electronic} transactions|transactions} are facilitated by Interface {applications|software}|transactions that are {digital|electronic} are facilitated by Interface {applications|software}} {to a {great|wonderful} extent.|.}
{It is|It’s} {essential|imperative} to {note|remember} that {more than|over} 80 percent of the Indian population resides in rural areas and the government has been working on various schemes that {target|aim} financial inclusion.
Welfare schemes like National Mission for Financial Inclusion, Pradhan Mantri Jeevan Jyoti Bima Yojana (Scheme for Life Insurance), Pradhan Mantri Suraksha Bima Yojana (Scheme for Accidental Death Insurance) have encouraged rural Indians to come forward and participate in banking operations.
RuPay Card Scheme launched by National Payments Corporation of India (NPCI) has {proved|been shown} to be a starting point for electronic transactions among rural {people|individuals}. {{It is|It’s} imperative for the {government|authorities} to {scrutinize|inspect} and improvise|Improvise and {it is|It’s} imperative for the {government|authorities} to {scrutinize|inspect}} {digital payment|payment} initiatives on a {periodic|regular} basis to ensure that {there is {a smooth|a} transition|{a smooth|a} transition is} to a cashless economy.
‘Learning the Technicalities of Bitcoin’
BC: Have you heard about bitcoin, and do you think it’s the remedy for your {current|present} situation?
SP: Yes. {I have|I’ve} heard about bitcoin. I {am {currently|presently}|am} learning the technicalities of {the|this} bitcoin system. {Though bitcoins may not {serve|function} as a remedy for the demonetization {process immediately,|process} {I am|I’m} {looking forward to|excited about} using {them shortly|them}|{I am|I’m} {looking forward to|excited about} using {them shortly|them} though bitcoins may not {serve|function} as a remedy for the demonetization process immediately|{I am|I’m} {looking forward to|excited about} using {them shortly|them}, though bitcoins may not {serve|function} as a remedy for the demonetization process immediately}. {I am|I’m} comfortable {with {digital|electronic}|with} transactions for {now|the time being}.
BC: How {does|can} the situation make you feel about {government and rulers|rulers and government}?
The demonetization {process|procedure} has caused a {lot|great deal} of {inconvenience among {people|individuals}|inconvenience}. {The right to {trade|exchange} and the right to life|The right to life and the right to {trade|exchange}} {has been|was} affected during {the {initial|first}|the} days of the demonetization {process|procedure}. The government {could|might} have done better as far as {planning|preparation}, and {implementation|execution} of the demonetization move is {concerned|worried}. I am {looking forward to|excited about} the {positive results|results that are positive|results} the demonetization move {is {yet |}|is }to yield.
What do you {think about|consider} India’s demonetization policy? Share your views in the comments below.
{Images|Pictures} courtesy of Sameera Pandilakshmi
Bitcoin.com believes in freedom of speech — and {that’s|that is} what {you’ll|you will} always find on our Forums. We {don’t|do not} censor {anyone|anybody}, no matter how {controversial|contentious} {your {opinion and no matter what direction you support for bitcoin’s future|opinion}|no matter what direction you support for the future of bitcoin and your opinion|no matter what direction you support for bitcoin’s future and your opinion|your opinion and no matter what direction you support for the future of bitcoin}. {{All|Each of} the|{The|Of the}} experts hang out {there; {you’re|you are} bound to {get|find} some {good|great} advice|there}.
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