November 8, 2016 : The mayhem day in Indian money market.
Scrapping off denominations of Rs.500 and Rs. 1000 took a yet another heavy toll on the
students of Delhi University. May it be juggling single note of Rs. 100 and Rs.50 as minimum
bugdet for survival or paying off rent at time.
A Delhi University hosteller at lowest tosses rent of Rs.6000 in Paying Guests and rented
apartments . In Compliance of withdrawal rules the maximum ceiling of Rs.2000 a day was
placed which equates to at least of 3 days wastage in withdrawal of cash for rent.
That is just not it !!!
Most of the time ATMs are empty or often while reaching the turn , the cash runs out. The
continuous pressure from landlord for rent payment at time and only in cash accompanied
by semester burden has became the wildest nightmare of every student these days. E-
transactions are widely being refused by lessors due to unwanted income tax liability.
However , the students came up with solutions of studying for exams in these crucial day in
assorted styles . Most of ATMs nearby to University were encountered with student holding
books and waiting for their turn in queus. Needlessly , the focus and concentration is nil due
to tittle-tattle of the ones in queues.
Anjana Jolly, a student of Jesus and Mary College who lives in a PG in Satya Niketan, says,
“My exams are going on, so I asked my landlord if I could pay the rent after my exams, but he
did not agree. My rent is Rs 8,000, so I had to stand in queue for four days, wasting hours of
prep time. I also tried to study in the queue, but with the traffic noise and people talking
loudly, it was impossible to concentrate.”
To some borrowing money from colleagues or relatives is solutions, for others dwelling back
to hometown serves the purpose. Demonetization followed by Semester pressure is
squeezing off the mental stability of hostellers in ending months of 2016.
“I had my internal exams during that time and did some of the studying while standing in the
queue. This month also she is not ready to take the rent via cheque.” say Shifa from Ramjas
Her landlady proclaims , “Kal jake line mein lag jana subah 5 baje, 10 baje tak number aa
jayega”. I told her very clearly ki ab exams ke baad hi dekhenge kya karna hai.”
As for now it calls for absolute adjustments between landlord and students because rent is
not a crowning winner when contrasted with future of student that hangs upon grades in
Nikita Mahamana| Content writer | DU Times