Indian Prime Minister Narendra Modi took a historic decision to demonetise the 500 and 1000 rupee notes last week. He has already made it to the front page of all the newspapers and has become one of the most talked about persons in the Indian media. But one needs to know that it is not enough. Modi has managed to catch the eyes of the Singapore media as well and he is being compared to their country’s first ever Prime Minister Lee Kuan Yew.


Modi had compared Lee Kuan Yew to ‘a lion among the leaders’ after Singapore’s founding father passed away last year. In return, Singapore media has now heaped praises on PM Modi for demonetising higher currency notes.


Yew had turned Singapore into one of the wealthiest nations of Asia. Modi is trying to replicate similar efforts to make India a better place to live in as well claimed one of the Indian government officials in Singapore.


But the underlying fact is that there are millions of people in India, who do not have access to the ATM’s and banks in the remote areas. Did the Indian Prime Minister have a plan to help them out in this hard time? People have been waiting outside the ATM’s all over India in serpentile queues relentlessly to withdraw cash. Many have not been able to change their existing 500 and 1000 rupee notes from the banks. Police have done lathi charge in a number of places. 25 people have died after Modi announced about the currency demonetisation last week. Among these 25, two were infants.  


One would wonder that before taking such a drastic step, the Indian government should have been ready with several plans to counter the contingencies across the country. This is undoubtedly a surgical strike on the nation’s black money but Modi should have worried a little more about the minorities and weaker sections of the society as well.