Back to Square One ?
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Economic Times ( 15 March ) carries following news :
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HIGHLIGHTS :
Currency in circulation
#
on Nov 04 , 2016………………….. Rs 17.98 lakh*crore
#
on Dec 31, 2016……………………. Rs 8.93 lakh*crore
#
on Mar 09, 2018……………………. Rs 18.13 lakh*crore
Reasons advanced for the bounce back :
Revival in rural economic activity
Due to elections in various
Stated in 2018 - election funding still remaining cash based
General Agreement :
Although seem to be slowing down lately , digital
payments are growing rapidly
Original Reasons for Demonetization :
Halting corruption
Stopping fake money funding terror operations
Eliminating BLACK MONEY
MY TAKE :
Sure, de-monetization may have brought down terror
funding
But by “ re-monetizing “ a Rs 1000 / - note with a
Rs 2000 / - note, corruption is made easier ! Less number of notes to
pass under the table and to carry !
Only way BLACK MONEY could be eliminated , is to embed
a RFID chip in new plastic notes
Could it be, that this govt is
unwilling to trust our scientists / technocrats to be able to accomplish this
innovation , all the time getting paralyzed by thinking :
“ If
elimination of BLACK MONEY was so simple, surely
some other developed country would have tried it by now ! Will we make a fool
of ourselves if we fail ? “
SURPRISE :
No
government officer or Minister opined anything , when ISRO said :
#
We will send MOM ( Mars Orbiting Mission ) and succeed at first attempt (
#
We will send MOM ( Mars Orbiting Mission ) and succeed at first attempt (
world record )
#
With one rocket , we will launch 130 satellites ( again a world record )
#
Soon, we will reduce cost of a satellite launch by 90 % ( one more world
record )
#
We will develop a small Lithium-ion Battery with high energy-density to power
EVs ( nothing comparable in the
world )
#
We have already mounted a Solar Roof Top on
a standard OMNI, charged by
sun and therefore , not requiring lakhs of Battery Charging Stations
Elimination
of Battery Charging Stations is the HOLY GRAIL
for the auto
industry, all over the world
Adoption of our INNOVATIONS will save the country Rs 195 lakh*crore
CONTEXT :
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