This story is from November 10, 2016

PM Modi is Anil Kapoor of ‘Nayak’, citizens tell survey

PM Modi is Anil Kapoor of ‘Nayak’, citizens tell survey
Anil Kapoor in the movie Nayak.
NAGPUR: It was an interesting day for budding entrepreneurs of Lemon School of Entrepreneurship, as they set out to listen to the grievances and opinions of the public after the impactful decision of the Modi government to do away with notes of Rs500 and Rs1,000.
The decision announced on Tuesday rattled the nation, while raising hopes of abolishing corruption and black money circulation.
Five budding entrepreneurs of LSE, Shubham Charkha, Maitri Borundia, Harshit Mandia, Arbab Mahmud and Shivam Soni, under the guidance of CEO Deepak Menaria, spoke to people from almost all walks of life regarding the effect of the decision on their lives.
They students divided their survey into three segments; Lower Middle Class, Upper Middle Class and Professionals. The street hawkers, grocery and liquor store owners, and ATM guards said it was a much needed move, which will secure exponential growth for the country. They felt that the nation is finally going somewhere in terms of progress.
“Some people from the lower middle class strata were not even aware of this huge decision. Those who were, were happy and satisfied with it. They agreed that they didn’t face a lot of problems, but some of them were definitely agitated and panicking,” said Borundia.
Despite the government approving the acceptance of legal tender at government hospitals, pharmacies and petrol pumps, some of these establishments refused to accept the money. The general consensus was that everybody was willing to accept the change. It was also seen that people appreciated the surprise element of the decision. Since no one knew about it, they did not have time to prepare for it, felt most people.

“Even bankers were called for a meeting 15 minutes before the announcement. They were left just as shocked,” said Soni. The youngsters agreed that real estate giants and jewellery shop proprietors will bear the brunt of the decision. Most of the businessmen of the upper class strata reported average sales even as they were accepting Rs500 and Rs1,000 denominations.
Chartered accountants also said they were inundated with numerous phone calls, and requests for urgent meetings by panicked clients. One CA said that there are some ways by which people are avoiding disclosure of income, like using agriculture income as a cover or depositing money in cash credit accounts. However, the Reserve Bank of India is bound to enquire into all such transactions.
Overall, the response from people was positive as they praised PM Modi for his bold and brazen action. Some also compared him to the altruistic character played by Bollywood actor Anil Kapoor in the movie ‘Nayak’.
Even though some of the people were in panic, others took the time to educate the less fortunate, so they could make the best of the situation and convert their money and savings to the new currency, said the students.
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