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It was a wrong decision to release new Rs 2,000 notes before Rs 500 notes
On last Friday, there was a rumour about vanishing of salt or its non-availability in the market which created a scarcity for some time. It is said that we are living in a world of information. No doubt, there should be less chances of spreading of rumours as people can be made aware about the authenticity of news so quickly through social media which has been given wings by modern communication facilities.

The salt shortage rumour perhaps started from Lucknow and people started moving to the shops to collect salt as if nothing else was more important. I know a person aged 70 years who has not consumed salt in the last 50 years. He is of the view that required salt quantity is available in every product we consume.

Media is so active now that it repeats the news throughout the day to firmly establish that the incident has actually happened. It may become troublesome for the government as such news creates panic and at times the situation gets out of control.

While many other materials can be substituted, salt has no substitute and the rumour about its shortage took the turn for the worst and people started purchasing salt without any need in good quantities. In Lucknow, the police has to come forward to announce on loudspeakers and covey to the public to not give importance to rumours as there was no such shortage of salt neither in the market nor in natural resources.

Even then, the markets in the Delhi, MP and Gujarat were seen full and the people were seen anxiously purchasing salt in bulk quantities and ultimately, the Central Minister Ram Vilas Paswan had to issue a statement to confirm that there was no shortage of salt.

It is very difficult to say whether there was any political motivation or conspiracy behind this rumour or not.

Currently a scarcity of 100 rupee denomination notes is prevalent in the country and the problem is that small shopkeepers don't have enough smaller denomination notes to return to the customers who present a Rs 2,000 note and in such a situation the customer has no other option except to go in for purchase of items which are not even required immediately. But the news of scarcity of salt was followed by sugar, which exposes the mindset of our society.

Our government should not have banned higher denomination notes without making proper arrangements for replacement with new currency in hand as per the demand of the situation. The government is now monitoring the situation on day to day basis and taking steps to enhance the withdrawal of cash slowly, making toll-free highways, accepting of old currency notes at all government institutions etc.

Since there had been problems at certain hospitals for getting treatment and at the time of discharge, it would have been better if all private hospitals, chemists had been directed to accept the old currency notes against proper bill for getting replaced with new notes.

At the same time, it would have been better if the new currency of only Rs 500 denomination had been introduced in the market to avoid any problem of change.

Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
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