AIB: The Demonitization Circus - Reaction! | Tanmay Bhat, Naveen Polishetty, Rahul Subramanian

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2 жыл бұрын

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Пікірлер: 915

@TusharSharma-gc4vs 2 жыл бұрын

The only good thing about demonitisation was it forced people to explore digital transactions. I never thought that i will pay to any of my small local shops via my phone so soon.

@rajeevr7986 2 жыл бұрын

Good reaction... There might be hate coming your way..... just ignore it.

@paruchurilokesh4536 2 жыл бұрын

Context: Govt decided to ban denominations of Rs 500 and Rs 1000 and introduced new Rs 500 and Rs 2000 currency notes so that people who have stashed crores of rupees as black money in their homes will not be able to exchange them with new notes. But they failed so bad in implementation that these people who had black money comfortably exchanged the black money using their connections in banks(usually giving 30% commission to bank officials) whereas the common man suffered due to low availability of currency in the market and in the ATMs.

@rejidear 2 жыл бұрын

As a banker, it was the toughest days of my career. Each day there were new roles and limits. Currency wasn't available and it was a lot because you had to manage some really frustrated public whose plight we understand but there is nothing much you can do. I am surprised they included the ATM slot not being made for the new notes. That problem has not been solved completely yet.

@abewewew 2 жыл бұрын

Considering both the merits and demerits of demonetisation, the demerits outweigh the merits. The project was largely a failure

@mendak8863 2 жыл бұрын

Due to democratization, upi payments or digital payments is a big thing in the country. It just shifted people immediately, which would have taken years or a decade or more.

@sarthakkharade7112 2 жыл бұрын

that bit in the starting where tanmay gives a 5-month salary to his servant was not even a joke many people did that to get rid of those notes, what a time that was sheesh

@assholable 2 жыл бұрын

I love how Jaby has reached a stage where his 'bastardized' understanding of Indian stuff is 100% accurate.

@niteshyadav-fc2ub 2 жыл бұрын

Rich people also bought gold in droves to safeguard their investment, only middle class suffered in this idiotic move

@pavankumarhk7074 2 жыл бұрын

Modi came to power with campaign against corruption and won with huge margin.. So, he had to do something big to justify to people who gave him majority in the election..

@aegontargaryan.2962 2 жыл бұрын

Good Old Days When AIB Existed.

@littlesushie 2 жыл бұрын

Demonetisation brought my attention to politics like never before. I was an unbothered kid who didn’t care about politics, but demonetisation made me start looking at politics more closely.

@jessyk2579 2 жыл бұрын

The only family who had no effect of demonitisation is our's.

@gopaljigupta5158 2 жыл бұрын

Yeah! That's a good explaination of all of it. It was a good measure on paper in that it would have removed a large amount of black money stacked in the form of cash and fake currency in circulation. But the botched implementation led to a shortage of cash which meant that PEOPLE COULDN'T EXCHANGE ALL THEIR CASH (OLD NOTES) WITH NEW CASH NOTES as there was not enough new cash to go around for everyone. As a result, consumer spending went down which had an adverse effect on the economy.

@anwar5888 2 жыл бұрын

It was one of the worse times for me just a day b4 on the 7th Nov we found out Dad is suffering from Stage 3rd Leukemia and just as we were arranging funds for treatment on 8th this happened... there was chaos at Hospitals as ppl don't know what to do and Cashier was just not accepting old notes as they were not aware of the new guidelines.

@hiffets1 2 жыл бұрын

your "bastarized" understanding of things is spot on Jaby! 😂

@ankurchavan6219 2 жыл бұрын

Indian economy is still recovering from this blunder called Demonetisation. After an Right to Information query it was found that no other ministry was taken into consideration for making the decision

@sukanyar5115 2 жыл бұрын

One correction: People didn't lose money because that denomination was banned. We just needed to get it exchanged for other valid denominations from banks which caused a lot of problems among the general public. We also could use it for payment of essential services like fuel, medical services etc. (for a period after the announcement was made)

@anupamaMall 2 жыл бұрын

The bank staff, middle and lower class people had to suffer the most during demonetization.

@abhijitkhapekar 2 жыл бұрын

Demonetization was poorly executed period. The idea was good though. For some period before demonetization the gov gave this deal where if you bring in your stacks of currency you have been saving on which you didn't pay tax you would just pay tax and you can make it all legal. The idea was to get people who are hoarding money in beds and sofas to put it in bank. Also counter black money/corruption.