Can't let the day pass without mentioning that I have been part of a historic day on November 8th, when the PM and RBI, announced that Rs 500 and Rs. 1000 will be demonetised from midnight onwards. Can you wrap your head around that piece of information? The enormity of it? The outcome of such an action? Whew! I still am finding it hard to soak the implications in. Leave aside busting the black money trade within our country, and hacking the root of Pakistan funded terrorism; this initiative should cause a dent on some serious black money hoarders.
Yes, there is now a lot of whining and crying going on at the inconvenience of it all and attempts to piggy back on the drive to get nasty, condescending, doubtful, and more importantly, being unapologetic-ally unaccommodating. What the general attitude of certain people now is that I shall spout words on nationalism and desh bhakti, but I shall not move my sorry ass nor my allow my altruistic self to embrace the change that has been forced on me. I wonder if this were not the case,then would anything at all have happened in this nation of tall words and empty action.
Then of course, there are the thinkers and the opinion makers who have endorsed the initiative, but have also added their two bits about this being a poll gimmick (which party doesn't?), and that the black money trade will find a way to rear its ugly head again (yes, it will and it is a vicious cycle), and how this is not enough - meaning, the Swiss accounts are still out there buddy, (yes it is and I would like to see the opposition do something about it when it comes to power), blah blah blah.
Most in the media commended the drive and I am happy to go along with that. It is, however, better to keep oneself informed and remain unbiased.
Firstpost had raised this point by saying, “If someone has strong evidence that the government leaked the operation plan to interested-parties in advance enabling them to take precautions well in advance, they should point fingers at the Modi government. But, questioning the very efficiency of the currency crackdown either shows their ignorance or bias. That is not productive criticism.”
But right now, just for a while, until the confusion clears and until the can of worms (if there is) opens, can we just stop complaining and wear our Proud Indian badge please?
Yes, there is now a lot of whining and crying going on at the inconvenience of it all and attempts to piggy back on the drive to get nasty, condescending, doubtful, and more importantly, being unapologetic-ally unaccommodating. What the general attitude of certain people now is that I shall spout words on nationalism and desh bhakti, but I shall not move my sorry ass nor my allow my altruistic self to embrace the change that has been forced on me. I wonder if this were not the case,then would anything at all have happened in this nation of tall words and empty action.
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| Courtesy: International Business Times |
Then of course, there are the thinkers and the opinion makers who have endorsed the initiative, but have also added their two bits about this being a poll gimmick (which party doesn't?), and that the black money trade will find a way to rear its ugly head again (yes, it will and it is a vicious cycle), and how this is not enough - meaning, the Swiss accounts are still out there buddy, (yes it is and I would like to see the opposition do something about it when it comes to power), blah blah blah.
Most in the media commended the drive and I am happy to go along with that. It is, however, better to keep oneself informed and remain unbiased.
Firstpost had raised this point by saying, “If someone has strong evidence that the government leaked the operation plan to interested-parties in advance enabling them to take precautions well in advance, they should point fingers at the Modi government. But, questioning the very efficiency of the currency crackdown either shows their ignorance or bias. That is not productive criticism.”
But right now, just for a while, until the confusion clears and until the can of worms (if there is) opens, can we just stop complaining and wear our Proud Indian badge please?
Comments
there has been a systemic corruption that had made the unaccounted money flow easily and acceptable.Those who had been part of the system ( middle class )would have taken the biggest hit !
above the middle class, they always have a way around it.
The black money hoarders need to at least have some fear and not sit complacently in their luxurious bubbles. It's a good start, let's hope we don't lose the momentum.
Future will tell the extent of benefits surely.
There is a lot of pain to get gain in this step. I hope the public at large will see the plusses .
...with people waking up from a patriotic calamity, what seemed to have been a brilliant move to curb down black-money is now being expressed as a heroic move to make "India-Digital"....so is this the story of Iraq Gulf war where the invasion was done to find something, and that was never found :)..
But to say that the whole thing was to make India Digital is monodimensional. There has been a welcome silence in the Kashmir valley and in Maoist hit places. These skirmishes and fights have been fueled by the black money hoarders. Now at least peace has been bought.
I want to wait a bit more before I make up my mind about this whole situation. Looks like you have been disillusioned. :)
(You, me and everyone around...) :)
http://www.firstpost.com/business/demonetisation-rbi-says-99-banned-notes-are-back-where-is-the-black-money-3991829.html
"On 8 November, the originally stated goals of demonetisation were mainly three--a major clampdown on the black money in the system, cash-based corruption and terror funding. There are ample evidence to understand that demonetisation hasn’t impacted corruption and terror "
http://www.thehindu.com/business/Economy/heres-what-raghuram-rajan-said-about-demonetisation/article19638115.ece
I think they lost the plot somewhere. :(