Thursday, April 25, 2024
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Reward honest poor from gains of demonetization

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Unreturned currency of higher denomination notes by end of this year is additional revenue or profit for the government. Many people live below poverty line in our country. They may have very meager source of income but a lot number of them allowed their ‘Jan Dhan accounts’ linked with Aadhar card to be used for depositing black money in return of kickbacks. However, a lot many citizens were honest and government should reward such people by depositing unreturned currency into their bank accounts as dividend for honesty. It would be a great lesson for others in future to be honest. Demonetization may not bore much fruit to the government but did help to remove fake currency from the system. Also, it taught people to do legitimate business in future and this one belief is the biggest lesson of note ban.

S.N. Kabra

(The views expressed by the author in the article are his/her own.)

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