The Good, The Bad & The Ugly


09a_graphic_goodbadugly“I have a system, very much like yours. Only difference is I don’t shoot the rope, I shoot the legs off the stool. Adios”

-The Good, the Bad and the Ugly

a 1966 film featuring Clint Eastwood

Every story, policy, decision etc. has different sides to it. Those who are the fortunate ones get to experience the Good side of it, while the ones in the bad books of Fate suffer the Bad side. And there are always the cursed ones who deal with the Ugly side of..well.. everything!.

In this section, we put issues affecting our day-to-day lives to debate. We invite our readers to share the Good, the Bad and the Ugly side of the issue and share their experiences with us. So in this edition, we deliberate on:-

EFFECTS OF DEMONETISATION

The Good

“Flushing out black money and forcing most of us to go cashless (through use of mobile wallets and our plastic cards) being the obvious reasons, it also gave us an opportunity to use our creativity and generate a bunch of desi memes! Within minutes of PM Modi’s announcement, social media was flooded with images of Rs.500 and Rs.1000 notes being used as scrap paper and this particular piece of news trumping (pun intended) Brexit and US elections.”

The Bad

“Long lines at banks and ATMs. And the horror of this being the first personal banking experience for a lot youngsters (net banking, for the win!)”

The Ugly

“The new notes! ‘Nuff said.”

-Shruti Vairagkar(LTH)


The Good

“Outstation trips can be taken where ATMs are hardly crowded.”

The Bad

“A rise in the dumbness of people. Unfounded theories and crap memes floating all around.”

The Ugly

“People suffering from the SMOG while standing in long queues at the ATM.”

-Anonymous

The Good

“First time, something made me feel proud of my existence as a poor man.”

The Bad

India’s economic indicators are starting to bear the brunt of reduced purchasing (or snatching) power of the most financially active section of the society i.e. “thieves”.

The Ugly

“The demeaning experience when you realize that your favorite dialogue “Ham jaha khade hote hain line vhi se shuru hoti hai” seems to be NOT working in this case, the ugliest part of it.”

-Anonymous


The Bad

“86% of transactions in our nation happen in denomination of Rs.500 and Rs.1000.  How can we expect  an economy to work with just  14% cash in circulation !”

The Ugly

1)About 6% of black money is in the form of cash . Suppose ( ideal case ) that those 6% cash is retrieved by the banks and black money holders are identified by the government . Now , the question arises that whether the cash obtained will ever be worth the lives of innocent people dying in queues ? Is the pain taken by commoners really justified ?

2)India is an economy where  agriculture is the primary occupation for more than 60%  population . There are states where farmers don’t have bank accounts and  all their transactions takes place in cash . Imagine how heavily their trade will suffer. In a broader respect  imagine how  badly it will affect the GDP of our nation if the cumulative values of losses in trade for all such farmers are taken into consideration.

-PriyaRupa (LMB)


The Good

“We might have 500 and 1000 rupee ‘plated’ fire-woods for our New-Year bonfires. That is going  to be so awesome.”

The Bad

“Some urgent activities like buying Cadbury’s Dairy milk Silk after dinner had to be postponed.”

The Ugly

“Having to cut-down on the no. of tea sessions at Sector 37 Market. Yes! This is ugly!”

-Anubhav Mishra(LTG)


The Good

“Apart from penalizing black money hoarders , the move is also an attempt to make India  go ‘cashless’ as far as possible. This has encouraged e-commerce companies and payment gateways to pile up the cash back & discount offers .”

The Bad

“Paying off the domestic helpers now seems like a contender to sneak into the New Year Resolution List . Also predominantly  resorting to card swipes and online payments has somehow increased expenditure unknowingly  as you tend to snap up items which aren’t the need of the hour .”

The Ugly

“This has to be the  long wait at ATMs , resulting in either withdrawing a 2000 buck note or reaching the gate to see the machine run out of cash . Also , the chaos at ATMs is just increasing the numbers tally of violent incidents in Delhi , which is already a large numeral .”

-Anonymous


The Good

1)”Free Reliance Jio

2)No cash in wallet has forced me to walk from home, a small step towards being fit.”

The Bad

“I have got so much of Paytm cash. I hope it gets over.”

The Ugly

“Waiting in line for 2000 Rs note and in the end you can’t use it because of its high denomination.”

-Gaurav Tourani (LMB)


The Good

1)     ” Due to demonetization, I am spending less on Street foods. So that’s good for my health and face(no pimples).

2)      My Land lady finally shared her A/C No. with me for rent. I did online transaction this month.”

The Bad

“I got a Rs.2000/- note from Office ATM. With that, I am unable to pay my “Dabba wala” regularly in cash. Similarly for Auto rides, it’s a big trouble. So, it leads to a bad financial crisis.”

The Ugly

“Without Net Banking or Paytm, I find my parents to suffer a lot.  I am unable to help from here.”

-Pritha Banerjee (LMB)


The Good

“I can finally pay rent to landlord through online mode thereby feeling happy in my contribution towards No Black Money.”

The Bad

“With 2000rs note, it got difficult to arrange change to pay my maids. However, they had the change, hence gladly took the 2k notes and made me rich in change.  (I am not sure, its good or bad )”

The Ugly

“I can feel a psychological change has taken place, whereby I am always trying to save cash and pay in PAYTM, to the extent that I might leave the shop if they do not accept online modes. I end up wondering later, where am I going to use the cash if I keep saving it. “

-Ananya Majumdar (LMB)


The Good

“Positive outcome can be that middle level corruption will reduce or at least a fear will develop. People will use plastic money and online transaction more than before.”

The Bad

“With the introduction of new Rs 2000 note corruption may increase if not taken back early. If the corrupt practice not monitored properly by IT department and action not taken against corrupt people, this will continue and richer will become rich and poor will die and middle class will sandwich.”

-Soumik Mukherjee (LTG)


The Good

“It has made me (and even my wife!) think twice before spending cash.”

The Bad

“Most of the time office ATM coupons are exhausted before I got one!”

The Ugly

“I am sure the Govt will not give any account of what is the net gain after this massive demonetisation exercise.”

-Prasenjit Sen (LMB)


The Good

“A new social hangout @atm”

The Bad

“Choosing notes over friends, this works both ways 😛  “

The Ugly

“Had to order according to the budget in the wallet(keeping taxes in mind), in a restaurant that wasn’t accepting card.”

-Krishna Agrawal (RBG)


The Good

“Every swipe helps me in keeping a track of my expenditure.”

The Bad

“Many shops are not using card readers. Hence, it becomes difficult to pay in cash.”

The Ugly

“Minimum transacition of Rs.150” says every shop. And I end up buying unnecessary things. “

-Avnee Jain (RBG)


The Good

“If nothing it is a brave move by Modi Government, demonetization does provide a positive approach towards the fight against black money & terrorism on a whole. The best example would be the 564 Naxals and their sympathizers surrendering before the authorities in the last 28 days, the highest number to do so in a month ever.”

The Bad

“The overall process could have been planned in a more meticulous manner, especially with the accessibility of new currency notes in market. Even after two weeks of demonetization scarcity of new currency notes is a usual scene & new promises by government says that by Dec end the flow would be normal but it is highly unlikely.”

The Ugly

“Barbaric behavior by people, even the educated class who could easily access various modes of E payments but resort to hard cash like it is an apocalypse and there won’t be any of it in future. This resulted in huge ques at ATM and the real needy who don’t have any other option than cash have to spend most of the day hunting for cash.”

-Pranav Udayan (RBG)


The Good

“Lots of digitalisation going on. Every shop now has some or the other kind of e-wallet. “Chillar ka problem nai hai”

The Bad

“Never have I ever thought that I would need to stand in a queue for an hour to withdraw cash from an ATM.”

The Ugly

“I am unable to pay for daily labour charges (rickshaw wala, chaiwala, cleaner) and I feel so bad about it, because these people live on the cash that they earn on a daily basis.”

-Shravan Kumar (RBG)


The Good  

“Paisa bachta hai”

The Bad

“Jaha dekho waha Lambi line .”

The Ugly

“Ciggu lena mushkil”

-Praveen Ganesh (RBG)


 

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