Sir — It is a pathetic reflection on the functioning of the present Government that a month after its demonetisation adventure, the agonies of the common man have become routine. long queues at banks/ATMs have become so normal that they no longer attract the full glare of the media. After all, how many horror stories, with the same underlying theme, can reporters narrate to the audienceIJ
The Reserve Bank of India’s cut in the country’s growth rate estimate for this year, from 7.6 per cent to 7.1 per cent, is not surprising, considering that the period covered is the immediate aftermath of demonetisation. Die-hard optimists had predicted that demonetisation would affect the growth rate and the economy in the short run.