Welcome step

This is with reference to ‘Demonetisation is worth all the trouble’ by Ramakrishnan TS ( Businessline , November 17). This move is indeed a welcome step by Prime Minister Modi. This will create more bank accounts as in the case of Jan Dhan Yoja introduced in 2014.

S Muthulakshmi

Virudhunagar, TN

Distress and discipline

It is now difficult to think of any other issue affecting the daily lives of millions and millions of people as tangibly as the demonetisation move. The controversy surrounding it has overshadowed all other issues. Times are a changing; the white is the new black. Times are hard for the aam aadmi.The moneybags in the murky world of black money may be now chuckling at the chaos in the world of finance. The way the common herd stand in the long-winding queues without a murmur against the government’s ill-thought-through scheme speaks volumes for their patience and non-violent traditions. Making them stand in a queue in a manner of seeking charity and marking them with indelible ink seems to be the ruling dispensation’s method of disciplining the ordinary citizens.

G David Milton

Maruthancode

Currency rationing

When I was a kid, I was familiar with ration cards for food and milk cards. Now as a senior citizen, the era of currency ration has dawned on us.

Outside banks,one can see long queues — for depositing demonetised notes, and for withdrawals. There is rationing for each of these.

Nobody even dreamt of currency rations even in one’s wildest dream. It seems now we have to learn to live with currency ration.

Deendayal Lulla

Email

It’s just fine

The huge hue and cry by political parties over the demonetisation is not totally justified. There was no denying the need for maintaining secrecy. However, he various departments involved in the implementation of the exercise should also have been made more alert in anticipating problems and sorting them out.

Any massive economic activity would involve some problems and the people should be supportive of the government.

TR Anandan

Email

Poverty angle

This refers to ‘Making the most of demonetisation’ by C Rangarajan (November 17). Besides its impacts on growth and inflation, one more area that has escaped notice is the likely drastic fall in families figuring in the Below Poverty Line (BPL) list. If any member of a BPL family can afford to deposit ₹1 lakh or above in a bank account with these old high value notes, he deserves to be in the Above Poverty Line (APL) list.

Ranjit Kumar Das

Patna

Bank on them!

At a time when the nation is going through the rigours of demonetisation it is worth sparing a thought for our bankers. These money-changers have not only put their best foot forward but have also walked the extra mile to ensure that the expectations of the huge numbers of people. From working on Sundays and holidays, putting in long hours and ensuring that nobody coming to them is turned away, bankers have become the unlikely heroes in the surgical strike against black money.

NJ Ravi Chander

Bengaluru

Spreading shared value

With reference to ‘Thinking beyond bottomlines’ by Sandeep Goyal and Chirag Yadav (November 17), the concept of shared value (which results from policies and practices that contribute to competitive advantage while strengthening the communities in which a company operates) is closer to Mahatma Gandhi’s idea of trusteeship in running business and is worth spreading in India.

For example, companies can “enable local cluster development” by supporting ancillary industries. What is required here out-of-the-box thinking to link business activity with community service.

Y G Chouksey

Pune

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