‘Where’s the Black Money?’ Asks Twitter on 3 Yrs of Demonetisation
Are you nostalgic for the old 1000 and 500 rupees notes?
Or are you just glad to have gotten over the frenzy of extra-long lines at the ATM, scurrying for new notes?
Today marks the third year since India announced ‘demonetisation’ of the economy, and all Rs 500 and Rs 1,000 banknotes disappeared overnight. The government announced that it had taken this major step to crack down on ‘black money’.
8 November 2016, therefore, marked a day of sudden frenzy for the Indian public. With daily pictures of long ATM lines or cash recovered from unthinkable hidden stashes surfacing online, social media was abuzz with chatter, both mocking and questioning this economic move.
After three years, social media is again having a go at this policy - with #BlackDay, #DeMonetisationDisaster, and #NotebandiSeMandiTak climbing to the top of the trending ladder.