Saturday 17 December 2016

Can demonetization lead to digitization

When it was announced that upto 2.5 lakhs of Rupees can be deposited in each account.. "Jan Dhan" accounts of the poor got 2.5 lakh deposits.. That means that their employers had given then this money to be chagned to new currency. But this was a trap.  What amount of money is being deposited in banks is noted by taxation department. And those with more than their capacity are being questioned.. Along with bio-metric tracking by Aadhar IDs which linked to bank accounts, present government seeks to rule over the lives of Indian people.Using technology government wants to make sure that  all individuals are equally poor(devoid of liquid money) But the common Indians do keep money in form of gold. And the government wants to stop that by raiding people's homes and track gold too. But Indians will find a way to hide that too. So demonetization has been an unsuccessful exercise as controlling people's wealth is indeed impossible. As all humans, Indian seem to want to earn and hoard wealth. Can human nature be changed? No it cannot be no it cannot be.

Tuesday 6 December 2016

Dedemonetization of the Rupee notes 500 and 1000

Giving "poor"persons rights does not mean ruination of the economy. The Prime Minister introduced demonetization of the Indian currency. The 500 and 1000 Rupee notes are are of no value now. In their place new 2000 Rupee notes are now exchanged by the banks for 50 days(from November 9 till December 30). After that the old notes have no value. This was meant to end corruption and black market. But new markets are being created now. The banner of " for the poor people" is now adversely affecting the people. "Garib log" means the "poor people" but how can you categorize people like that? Farmers are given 25000 Rupees in their accounts so that they can buy seeds. But before this news reaches them the "sowing time" is over. Not all farmers have accounts and not all can demand their dues. What about other occupations? Workers, service-men--plumbers,electricians, masons, artisans,traders, push-cart vendors, rickshaw pullers and so many other skilled and semi-skilled person? Not all are having bank accounts. They are paid for their work in cash and now nobody can be paid as the old currency is no longer valid.
Equalizing  is not just possible just by snatching away money. The Prime Minister says that we are becoming a cashless economy, we are only becoming cashless beings.

A great leader passed away

The state of Tamil Nadu had a fine leader who looked after the welfare of the masses. She was Chief Minister Jayalalita. She had died yesterday at the age of 68. She had been elected six times and had a 35 year old political career. She had taken great efforts to get drinking water to the people. She had tried hard to get electricity to all. She had made mid-day meals scheme successful in schools. She had provided scholarships to girl students. She helped those who came to her seeking help. Now people of Tamil Nadu mourn her death