Written by yours’ truly:
On the night of 8 November,
Just after the Diwali splendour,
The Indian Government in one stroke,
Decided that notes of Rupees 500 and 1000 were valid no more.
For their decision they gave us many a reason,
Black money, terrorism, counterfeiting and above all corruption,
This simple looking piece of paper was the devil,
And removing it will rid society of many an evil.
What was initially thought of as a joke,
Soon became a huge choke,
These notes were held by one and all,
And they were worthless after all.
What followed was huge chaos,
With authorities offering no pathos,
People just had no clue,
All they could do was find a shorter bank queue.
Central Bank was the key brain,
Their Board anticipating future gains approved the pain,
Though with their continuous change of many rules,
Bankers and people looked more like fools.
Just like most economic matters,
The move left economists in tatters,
Some called it an absolute disaster,
Whereas some others termed it a blockbuster!
As the economic data rolled by,
Some showed a decline whereas others showed a rise,
The final word was with the Central Bank,
Which kept us waiting in the dark.
Finally on an August evening,
Central Bank released its much anticipated annual account(ing),
It revealed nearly 99% demonetised notes are back in the system,
Making most ask what was the point of all this mayhem?
The Government though thinks differently,
Appreciates the central bank for all its efficiency,
The stated goals have all been forgotten,
The goal was always aadharisation and digitization.
This exercise made one think,
Power of the State is such a thing,
It decides the value of its own rupee one night,
And makes them valueless in the hands of others the next night.
