Demonetization: A great idea with poor execution | Krishna Yadav Jaipur 

Demonetization was a good move by the government against black money, we all supported the govt. whole heartedly but unfortunately the whole economy has crashed as the government failed in taking proper steps.  The general public suffered a lot during this period of demonetization and still we can’t see any good result and even the conditions has become worse. The Market has gone down, companies are decreasing the manpower to save their business and unemployment has increased to a great extent.
Demonetization has ended parallel economy in the country completely, this parallel economy could have helped people in the bad times to survive. The absence of good economists in the government and the foolishly taken decisions has disarmed the Indian economy. End of cash transactions has very badly affected the small businesses and MSME’s. Now govt should search for new and alternative ways to empower economy otherwise, country’s economic condition will become as it was 10 years ago, and this will be an unrecoverable loss. The Government should take corrective actions for this loss of businesses and should provide some relaxation in loan repayments to these MSME’s otherwise their CIBIL scores will decrease and they will not be able to get financial aid in future. It is not their mistake, so why should they suffer? Govt. must take responsibility to help each and every citizen of this country before it gets TOO LATE!!