News Karnataka
Friday, December 09 2022

Support for demonetisation declining among citizens: Survey

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New Delhi: With the cash crunch continuing, ans does the hardship of the common people, the popular support for Narendra Modi governments demonetising high denomination notes is declining, a survey said on Monday.

Demonetisation is not the way to target black money: Bank Employees Federation-1According to the survey conducted by citizen engagement platform LocalCircles in which 8,526 people participated, only 39 percent now felt the implementation of the scheme has been good as against the 51 percent of the respondents who supported it about 3 weeks ago. Thirty-six per cent of respondents rated the scheme as being poorly implemented against only 25 per cent 3 weeks ago.

While demonetisation was a radical step, the respondents believed the government should have planned better to avoid the inconvenience, which should have eased by now, the survey said.

With reports of over Rs 12 lakh crore demonetised currency already been deposited in banks and still over two weeks to go for the deadline, many respondents also questioned the efficiency of the entire exercise. Reports of seizure of large stashes of new currency across the country and multiple cases of bank personnel found to be involved in such collusion has also led to the decline in support of demonetisation, the survey said.


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