Imagine a situation the place the opposition was repeatedly outwitted by the ruling occasion in its battle marketing campaign in opposition to demonetization. The embattled opposition turned to god for assist. They prayed to goddess Saraswati for a boon to outwit the Prime Minister. Heeding the relentless prayer, the Goddess agreed to twist the tongue of the Prime Minister on the applicable time a la Kumbhakarna who acquired Nidravatvam (sleep) as a substitute of Nirdevatvam (annihilation of Devas) in Ramayana. As and when the Christmas and New Year drew close to, the Prime Minister wished to wish the nation in a secular means with 'Merry Christmas and Happy New Year'. But when the PM wished to utter these phrases, Goddess performed the trick, what was uttered was I wish all Indians 'Merry Crisis and Happy New Fear', a lot to the cheer of the opposition.
What are the crises and fears awaiting us for 2017? Whether we like or dislike, allow us to brace up for crises and fears publish demonetization. This might be higher illustrated on the assertion of RSS related commerce union entrance BMS President Baji Nath Rai who pointed "demonetization of Rs 500 and Rs 1000 currency notes had cost many jobs". Rai said on December 9, 2006, that one lakh and thirty-five thousand job alternatives have been created in opposition to 20 lakh individuals who have misplaced their jobs. According to HfS analysis, the IT sector goes to lose 6.four lakh jobs to automation by 2021.
In the approaching years, we will count on extra shedding resulting from loss-making industries on account of demonetization induced low buying energy parity. Realty sector is reeling underneath the affect closely, so are the allied sectors like cement and metal. What about different companies? As individuals refuse to half their money declare the uncertainty is over, all luxurious segments, hospitality, and journey phase will really feel the pinch. In such a situation, the federal government ought to act quick on filling money in ATMs, provide swiping card machines at cheaper charges or free. The authorities additionally ought to begin funds housing tasks for the widespread man to spice up the demand for cement and metal.
What the India Inc., anticipating from the federal government is to start out capital infusion in the infrastructure areas to fire up all spherical financial exercise on the proper earnest. Alongside there must be correct communication to deal with the grievance of various sectors and the widespread man. To meet the money shortages, the federal government also can take into consideration cellular ATMs to the residents throughout the nation.
More importantly, the federal government ought to announce an financial package deal from cash earned by way of demonetization. This is vital to provide hope to the residents. The largest benefit of the ruling occasion is a fragmented opposition. People will nonetheless belief and assist the ruling occasion if the federal government clearly communicates how they will be favored, how their ready is price and many others? It is nothing however the lack of communication in this regard creates extra uncertainty, disaster, and fears to the India Inc. The Prime Minister ought to act quick to mould public opinion, cultivating pals from the opposition and saving the nation.