Banks are closed on Sunday and on Monday (due to the festival) and people are rushing to ATMs for money. However, many of them are out of cash.
Interestingly, after his announcement of notes ban, PM Modi, apparently, has tried to relate the same as a fight between the rich vs the poor.
"Poor man likes strong tea more and I have a habit of it...so I took a bit strong decision", said PM Narendra Modi recently during a rally, indirectly referring to his decision of demonetisation.
"Poor likes strong tea (so they liked his move of notes ban) but spoils the taste of rich," Modi said.
In a rally in Ghazipur district of Uttar Pradesh, 10 days after demonetisation, he attacked rich while sympathising with the poor.
"Poors are sleeping sound sleep but rich people are roaming in markets to buy sleeping pills", Modi said during the rally.
In his speeches after demonetisation, PM has been repeatedly saying that he will not let those people go away who has accumulated wealth in wrong ways.
After notes ban, he also tried to give his decision a colour of fight between honest vs corrupt.
Corrupt has no place left in India, said PM.
Ever since the announcement of notes ban decision (on November 8), PM Modi is supporting his move but at the same time, he also knows that people are troubled because of this and that's why he has asked for 50 days.
"Brothers and sisters, help me for 50 days", he appealed.
"I need help to close all the doors of corruption", Modi said.
"I have said this from starting that this is not an easy decision, it's a difficult decision," PM said, addressing people.
It's the 33rd day of demonetisation on Sunday and still, people are standing in queues. Till how long this problem will continue, the exact answer to this is not known for now.
Government removed 15 lakh crore in one shot:
With just one move, the government removed 15 lakh crore from the market and in return only provided 4 lakh crore. In other words, 11 lakh crore is still needed and therefore people of the country are facing this cash crunch.
Usha Thorat, ex-deputy governor of RBI said-"There will be some negative impact on estimated GDP figure this year."
K.C. Chakrabarty, another former deputy governor of RBI said that if the situation is not improved soon then this will affect business negatively because still 90 percent of the country still uses cash.
After 50 days, things will improve, said PM Modi.
Now, 17 days are remaining for 50 days to complete. How the thing will unfold in these days, only the time will tell.
If things improved, well and good for people. If not, the opposition will have more material to hit out at the ruling BJP.