Posts

Demonetization - Modi’s Historic Move to attack currency of corruption by M J Akbar - Minister of States for External Affairs

Image
Note: Salient Points from the article are given below and the readers are advised to click the link here to read the full text of the essay – LINK  Akbar remarked: All cash transactions are not corrupt, but, every corrupt transaction is in cash and high denomination notes are the currency of corruption. If you want to challenge corruption root and branch, you cannot merely trim the branches periodically, but, you have to cut at the roots. Elite of India - willingly or unwillingly - has poisoned the political and economic systems that embolden those high ups with unaccounted wealth making them to believe that they were above the law. Their comfort zone has been wrecked by Modi’s move of demonetization which is only a beginning and in 2017, those who turned corruption into a doctrine will pay a heavy price. Those powerful corrupts - in politics and in governments - had misjudged the various schemes to convert black money into white money floated by Modi in the re...

India needs Rs. 200/- currency notes

Image
India needs a Rs . 200/- note, not a Rs . 2,000/- note and the science behind it says Ravi Abhyankar: What should be the size of the Apple Mac screen? Technically , Apple can produce hundreds of different sizes, but they have settled on four: - 13.3 inch, 15.4 inch, 21.5 inch and 27 inch. The four are spaced close enough and far enough to satisfy most Apple consumers.  Industrial design has a mathematical concept called preferred numbers. Way back in 1870s, a French engineer Charles Renard proposed a system based on logarithmic scale to produce a limited number of sizes to cover a wide range. A variant of that internationally accepted system is the 1-2-5 series, which is widely used in minting coins and printing notes. The 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000… is that series. The beauty of the series is that any adjacent numbers differs by a product of 2 or 2.5. As a result, they are spaced close enough but cover a wide ground.  How? ...

Bail Rahul’s Failed Earthquake

Image
Rahul Gandhi is in bail since 20th February 2015 on his executing personal bond of Rs.50,000 and one surety due to the alleged frauds committed by him along with his beloved mother Sonia and a few others in National Herald case and he is allowed to roam around in view of lenient bail conditions. Hence more than ordinary care and restraint is to be displayed by him in his speech and behaviours.   Though verdict is yet to come, Rahul has perhaps lost his balance when he thundered thus: “The government is running from a debate. They are not allowing me to speak in Lok Sabha. If they allow me to speak, then you will see an earthquake erupting.”  Entire Nation knows that Lok Sabha was disrupted by Opposition Parties - Congress in the fore front.  Then Rahul had chosen to speak about the earthquake-type power speech in a public meeting instead of in Lok Sabha. It runs like this: Sahara paid Rs.40 crore to Narendra Modi before he became prime minister....

MODI’S DEMONETIZATION - IS IT A TRAGEDY OR THE REMEDY?

Image
The renowned Newspaper - The Hindu - had published two articles about Modi’s Demonetization - one arguing as a Tragedy and another refuting as a Remedy. The article “Making a mammoth tragedy” is by Dr.Manmohan Singh, while the other article “Not a tragedy, but the remedy” is by S. Gurumurthy. Dr.Manmohan Singh, former Prime Minister, had, in his article titled “Making a mammoth tragedy” in the Hindu, argued giving his points of views of which the main points are herein brought out in a nutshell and the entire article can be viewed by clicking the link here: LINK ·    Money is an idea that inspires confidence and Modi by his demonetization announcement at the stroke of the midnight hour on November 9, 2016 has destroyed the confidence of more than a billion Indians. Modi’s intentions - to stop circulation of fake currencies and to break the grip of corruption and black money - are honourable and deserve to be supported whole-heartedly. But his good intentions...

The People Are My High Command - MODI THUNDERS POST DEMONETISATION IN MORADABAD PARIVARTAN PUBLIC ADDRESS

Image
Modi Said:  The long queues outside banks ever since the demonetisation would be the last queues the country would see. We had to stand in queue to buy sugar. We had to stand in queue to buy kerosene. We had to stand in queue to buy wheat. Thanks to those who ruled for 60 years, this country was wasting away in queues. What I have done is to start a queue to end all queues. Modi further explained: I have not fought from Uttar Pradesh only to become an MP but wanted to initiate the fight against poverty from this huge state. Will corruption go on its own? It has to be driven out. Is fighting corruption a crime? Why are some people calling me a wrongdoer for fighting corruption? Today those who have stashed black money are queuing up outside the house of poor people, asking for their help. Have you ever seen rich people touching the feet of poor? Want to tell poor people in whose account money has been deposited, don’t touch that money, if they ...

Demonetization - Effects and Defects

Image
8th November 2016 was a red letter day for all honest citizens of India who could sleep soundly after hearing the Modi’s announcement of demonetization, while those with black money under their carpets had to rush to the medical stores in search of sleeping pills! Yes, Modi had on that day announced in a broadcast to the nation the demonetization of high value currencies of Rs.500/- and Rs.1000/- with immediate effect from the midnight of that day. Even the word - DEMONetization - contains ‘Demon’ which is being annihilated by the 8th November Master Stroke Announcement. Demon here means black - corrupt - terror - counterfeit currencies that are responsible for all evils of thwarting the peace and economic progress of India as a whole and also tarnishing the image of our country as well.   Modi, in the course of his announcement, had remarked: “The move complements the country’s Swachh Bharat Abhiyan (Clean India Campaign). For years, this ...