Defending demonetisation Finance Minister Arun Jaitley puttingup that it would ensure better tax compliance, may be right but it still remains as a nightmare for the poor secton of the society. For instance look at the plight of workers in the construction scenario. Since all works in the construction section had stopped because of darth of money almost all workers lost job. As the work has not been resumed workers find it extreme difficulty to meet their both ends.
Demonetisation revenues are for the government and not for the common man. Tax evaders are still remaining as tax evaders as demonenetisation is only a skin treatment for a major disease.
To rescue people from present crisis the government should release more currencies and lift the upper limit of withdrawal from bank account.
K A Solaman
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