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5 years of Demonetisation: Social media users trend black day of Indian Economy, know why

Demonetisation is the act of removing a currency unit’s legal tender status. It takes place whenever a national currency is changed.

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Demonetisation is the act of removing a currency unit's legal tender status. It takes place whenever a national currency is changed.

By Tarannum

It has been five years since demonetisation took place on November 8, 2016. The announcement came later in the evening that surely shocked the people of the country. In the announcement, PM Modi said that Rs 500 and Rs 1000 currency notes will no longer be used as legal tenders. However, on this day, what came to our notice was a bit peculiar. Some of the users on social media started trending the hashtag ‘black day in Indian Economy’, in which it was mentioned that demonetisation was the black day of the economy.

One of the users wrote on Twitter that Demonetisation is a case of intentional looting and legalised plunder of our country. It has ruined our country’s economy and many small business owners and poor people have suffered greatly as a result of the government’s rash action.

Another user wrote that despite demonetisation, the cash circulation increased as well as the cash with the public also increased. He further said that no major black money was recovered that led to a negative impact on GDP.

Yet another user said that it was a masterstroke in which 99.8% of the money returned to circulation and millions of people lost their jobs and businesses. Adding further to it, he said that demonetisation has caused the death of innocent lives, distress to the working class and destruction of the economy.

What is Demonetisation?

Demonetisation is the act of removing a currency unit’s legal tender status. It takes place whenever a national currency is changed. It entails removing the current form or forms of money from circulation and replacing them with new notes or coins.

Read Also: Five years of demonetisation: A quick look at how it affected the economy

What was the reason for implementing demonetisation in India?

Demonetisation was done to minimise the amount of counterfeit cash in the economy, which is used to fund criminal activity. As soon as the announcement of demonetisation came, people started rushing to exchange their Rs 500 and Rs 1000 currency notes, resulting in cash shortages around the country.

Long queues were seen outside the banks, ATMs and small firms experienced temporary cash loss. The situation was considerably worse in rural India, where residents struggled to exchange and withdraw money due to a shortage of banks and ATMs in their area.

Delhi news

Watch: Parents request BJP MP Ramesh Bidhuri to resolve local school issues, Bidhuri replies why they birthed their kids | Watch

One parent, in the video, stated that the during the time of elections these BJP leaders implore and ask for votes from us, and do not ask such questions because our votes hold value.

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Delhi BJP MP Ramesh Bidhuri’s video has emerged on the internet where the BJP MP, in response to the problems in a local school, can be seen asking the parents why have they birthed their children. The parents after hearing his remarks can be seen to be infuriated.

In the video, the BJP MP can be heard asking why did the parents birth their kids, the parents while talking to the press were enraged at the uncouth way the BJP leader dealt with the situation. One parent, in the video, stated that the during the time of elections these BJP leaders implore and ask for votes from us, and do not ask such questions because our votes hold value.

Another parent remarked that now we have to ask permission from these leaders before birthing and raising a child, whereas another parent urged and promised the MP to start the school and resolve all the issues in the school, promising, if he can resolve all the issues, the member of the parents association will garland and praise the BJP MP for his task.

Twitter users, while being enraged by the statement made by Bidhuri, trenchantly remarked on the incident as one user came forward and wrote and highlighted the type of people the BJP gives tickets to run in the elections.

Whereas, another Twitter user remarked that this is the representative of the people and instead of finding solutions to the problem, the MP himself has problems with people’s issues. The user further proclaimed that despite this, the people will still vote for him, suggesting the hero-worship culture of voting which is followed by some factions of the country.

Another incident of a similar nature transpired in Bihar where a girl asked IAS Harjyot Kaur, Bihar Women Development Corporation’s Managing Director for the sanitary pads to be made available for free. To this request, IAS Harjyot Kaur, asked if there is an end to the demands made by the public and further asked that right now you are asking for sanitary pads and tomorrow you will ask for condoms.

The statement by the official enraged Twitter as many people came to check the official’s remark and asked if India is a welfare state, then why are people’s demands being dismissed and becoming a taboo topic for her.

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India News

Jamia Millia Islamia student shot at inside Holy Family Hospital, shifted to AIIMS Trauma Centre

Nauman Ali, the student who was shot at, has a superficial injury on the scalp and has been shifted to the AIIMS Trauma Centre.

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Jamia Millia Islamia

Another Jamia Millia Islamia incident has taken over the headlines. Reportedly, a student was shot at and injured by another Jamia student on Thursday inside the Holy Family Hospital in southeast Delhi’s Jamia Nagar area.

The incident took place around 8.50 pm on Thursday, when police received information regarding a quarrel at Jamia Millia Islamia University library. After rushing at the spot, the officials came to know that a fight had ensued between two groups of students.

A 26 year old student names, Noman Chaudhary had sustained a blunt injury on his head and was later taken to the Holy Family Hospital for treatment by another Jamia student, Nauman Ali, an associate of Nauman Chaudhary, The officer further told media that the student is a resident of Meerut district in Uttar Pradesh.

Read Also: Congress party files complaint against Filmmaker Ashoke Pandit, allegations of spreading fake news and creating enmity between groups

Meanwhile, one student of the second group, Zalal, a resident of Mewat in Haryana, accompanied by his friends came to the hospital and fired at Nauman Ali outside the emergency ward.

Police officials told media that Nauman Ali, the person who was shot at, has a superficial injury on the scalp, hence, he has been shifted to the AIIMS Trauma Centre. The Delhi Police’s crime team is still inspecting the scene of crime and Legal action has been initiated accordingly at Jamia Nagar and New Friends Colony police stations.

Few days back during the crackdown against PFI in Delhi, the police had warned the Jamia Millia University students against holding any protests inside and outside the university campus. For the unversed, the Jamia Millia University and Shaheen Bagh were centers of anti-CAA protests in Delhi in December 2019.

In order to keep the law and order situation in check, the Delhi Police had also imposed Section 144 in Delhi’s Okhla region which includes areas of Shaheen Bagh and Jamia Nagar, where Jamia Millia Islamia University is situated from September 19 till November 11.

Delhi Police also warned the Jamia Millia Islamia students and teachers not to assemble in and around the campus as police have imposed restrictions under section 144 of the CrPC in the entire Okhla area. However, Section 144 of the CrPC prohibits the assembly of four or more people in an area. Violation of the order is punishable under section 188 of the IPC.

Bihar: Shoot-out in Patna leaves 4 dead, 9 injured

Viral: Another Bihar mobile thief hangs from moving train’s window, internet applaud passengers | Watch

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Bihar news

Viral: Another Bihar mobile thief hangs from moving train’s window, internet applaud passengers | Watch

The video has been making rounds on the internet as many users came forward to remark on the scene of the thief getting to deal with instant Karma. One user slyly remarked how this is the new India, where a thief will be caught, as well as will be punished, implying the trend of people taking the law into their own hands.

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Bihar mobile thief

A video from Bihar’s Bhagalpur has gone viral where a thief, who tried to snatch the phone from a moving train’s window was caught by the passengers. The passengers grabbed onto the arms of the thief and kept the thief held to the train’s window for approximately five kilometers. The passengers didn’t just stop there as they thrashed the thief later on as well.

In the video, the thief can be seen being held onto the train’s window as he flails and nearly misses a lot of train pillars and poles. The train can be seen moving at a very high speed which makes the video more horrific. The passenger in the adjacent compartment can be seen making a video of the thief.

The video has been making rounds on the internet as many users came forward to remark on the scene of the thief getting to deal with instant Karma. One user slyly remarked how this is the new India, where a thief will be caught, as well as will be punished, implying the trend of people taking the law into their own hands.

Read Also: Bihar: Shoot-out in Patna leaves 4 dead, 9 injured

Another user added to the conversation by imparting his opinion of how if India needs a crime-free society, the society themselves needs to take the initiative and has to decide whether to fear the criminals or rather instill fear into the brains of the criminals.

A similar incident had taken place in Bihar’s Begusarai where, similarly, a thief tried to snatch the phone of a passenger from a moving train, however, to his surprise, the thief was not able to pull off the bold theft as the passenger managed to save his phone while also grabbing on to his one arm and pulling him along the moving train.

Read Also: Jamia Millia Islamia student shot at inside Holy Family Hospital, shifted to AIIMS Trauma Centre

Another passenger also followed suit and clutched onto the thief’s second arm which led to the passenger holding him along the train window for 10 kilometers. The man in the video can be seen pleading and imploring to be left as he continued to say that his hand will be broken or worse, he could die.

The passengers didn’t stop and continued to make him subjected to the frightful train journey where he was dangling from the train’s window. Subsequently, after reaching the next stop, the thief was handed over to the Railway police.

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