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As the dust settles...

Everyone is talking about our PM's surgical strike to root out the cancer of black money, counterfeit currency and corruption from India. But I beg to differ. This is no surgery. Surgery is done only for early stages of cancer which is still operable. Cancer of black money and corruption in India is in the advanced stage with metastases and is not amenable to surgery. What the government has attempted is chemotherapy. Now chemotherapy is exquisitely troublesome unless we give premedication. Generally drugs are given to prevent vomiting, diarrhoea, ulcers, rashes, dehydration etc so that chemotherapy is bearable. This government has erred in not giving any premedication to the poor people being subjected to chemo. They should have ensured proper functional AT M s, more counters at banks, double shifts in banks, adequate cash and more mobile counters where cash can be exchanged. Be that it may, now that the chemo session is over, we have to bear with the side effects and hope that the drug works. Chemotherapy for advanced cancers are often followed by immunotherapy and so government must follow up with more measures to address this cancer.
But remember, most advanced cancers have no cure, chemotherapy only prolongs life. Corruption cannot be completely eradicated. I hope we are able to keep it in check. AMEN.
An Ounce of Action Is Worth a Ton of Theory
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Comments

  • PLEASE suggest the measures which you believe should have been taken, before the demonetization came into effect.

    Also what would have you done now, considering the fact the the "prior planning" was not adequate.

    I don't think that just blaming an act,will do the needful.

    As an aware citizen and a would be authority ,you must simultaneously suggest ways to overcome the short comings

    THANK you.
    ·
  • Who said I'm blaming the act? I urge you to re read what I have written. This move is indeed a watershed moment in the economic and political history of independent india.

    I was pointing to the fact that this malaise of corruption is like a cancer, which re surfaces even after taking strongest of measures. I wish we take adequate measures now to check the future tumorous growth! This move is a bitter medicine which was long due!
    An Ounce of Action Is Worth a Ton of Theory
    ·
  • Who said I'm blaming the act? I urge you to re read what I have written. This move is indeed a watershed moment in the economic and political history of independent india.

    I was pointing to the fact that this malaise of corruption is like a cancer, which re surfaces even after taking strongest of measures. I wish we take adequate measures now to check the future tumorous growth! This move is a bitter medicine which was long due!

    ave bro jab farsi mai likhoge bhund hoke ...to logo ko kaise samjh aayega .... :D :D :D ye therapy or vo ... bhai therapeutic effect tumpe dekhne ko mi rha hai seedhe seedhe iss move kaa .... case solved :D :D :D
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  • I agree with premise of the original post. Due diligence was scarce in the planning of demonetization step. New executive interventions are coming up daily creating utter confusion on ground level. eg. farmers can use old ₹500 notes, sudden stopping of exchange of ₹1000 notes, can recharge mobiles with old ₹500 notes etc.

    What happened to another thread on this demonetization topic which this same thread creator created few weeks back ? Why was it abruptly deleted? It was a good discussion.
    ·
  • I agree with premise of the original post. Due diligence was scarce in the planning of demonetization step. New executive interventions are coming up daily creating utter confusion on ground level. eg. farmers can use old ₹500 notes, sudden stopping of exchange of ₹1000 notes, can recharge mobiles with old ₹500 notes etc.

    What happened to another thread on this demonetization topic which this same thread creator created few weeks back ? Why was it abruptly deleted? It was a good discussion.

    no clue. server issues I reckon!
    An Ounce of Action Is Worth a Ton of Theory
    ·
  • Everyone is talking about our PM's surgical strike to root out the cancer of black money, counterfeit currency and corruption from India. But I beg to differ. This is no surgery. Surgery is done only for early stages of cancer which is still operable. Cancer of black money and corruption in India is in the advanced stage with metastases and is not amenable to surgery. What the government has attempted is chemotherapy. Now chemotherapy is exquisitely troublesome unless we give premedication. Generally drugs are given to prevent vomiting, diarrhoea, ulcers, rashes, dehydration etc so that chemotherapy is bearable. This government has erred in not giving any premedication to the poor people being subjected to chemo. They should have ensured proper functional AT M s, more counters at banks, double shifts in banks, adequate cash and more mobile counters where cash can be exchanged. Be that it may, now that the chemo session is over, we have to bear with the side effects and hope that the drug works. Chemotherapy for advanced cancers are often followed by immunotherapy and so government must follow up with more measures to address this cancer.
    But remember, most advanced cancers have no cure, chemotherapy only prolongs life. Corruption cannot be completely eradicated. I hope we are able to keep it in check. AMEN.

    Agree with u

    A View on this "They should have ensured proper functional AT M s, more counters at banks, double shifts in banks, adequate cash and more mobile counters where cash can be exchanged." I guess it might have alerted few people in transforming black money into white.
    In order to maintain the confidentiality he took that step.
    "Peaceful warrior"
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  • srkrish said:

    Everyone is talking about our PM's surgical strike to root out the cancer of black money, counterfeit currency and corruption from India. But I beg to differ. This is no surgery. Surgery is done only for early stages of cancer which is still operable. Cancer of black money and corruption in India is in the advanced stage with metastases and is not amenable to surgery. What the government has attempted is chemotherapy. Now chemotherapy is exquisitely troublesome unless we give premedication. Generally drugs are given to prevent vomiting, diarrhoea, ulcers, rashes, dehydration etc so that chemotherapy is bearable. This government has erred in not giving any premedication to the poor people being subjected to chemo. They should have ensured proper functional AT M s, more counters at banks, double shifts in banks, adequate cash and more mobile counters where cash can be exchanged. Be that it may, now that the chemo session is over, we have to bear with the side effects and hope that the drug works. Chemotherapy for advanced cancers are often followed by immunotherapy and so government must follow up with more measures to address this cancer.
    But remember, most advanced cancers have no cure, chemotherapy only prolongs life. Corruption cannot be completely eradicated. I hope we are able to keep it in check. AMEN.

    Agree with u

    A View on this "They should have ensured proper functional AT M s, more counters at banks, double shifts in banks, adequate cash and more mobile counters where cash can be exchanged." I guess it might have alerted few people in transforming black money into white.
    In order to maintain the confidentiality he took that step
    .
    I meant taking those measure after the introduction of demonetisation!
    An Ounce of Action Is Worth a Ton of Theory
    ·
  • @StrangerIsBackAgain @race @ForumIAS isse jyaada id nhi banaa sakta ..who is banning me without anything ....
    ·
  • srkrish said:

    Everyone is talking about our PM's surgical strike to root out the cancer of black money, counterfeit currency and corruption from India. But I beg to differ. This is no surgery. Surgery is done only for early stages of cancer which is still operable. Cancer of black money and corruption in India is in the advanced stage with metastases and is not amenable to surgery. What the government has attempted is chemotherapy. Now chemotherapy is exquisitely troublesome unless we give premedication. Generally drugs are given to prevent vomiting, diarrhoea, ulcers, rashes, dehydration etc so that chemotherapy is bearable. This government has erred in not giving any premedication to the poor people being subjected to chemo. They should have ensured proper functional AT M s, more counters at banks, double shifts in banks, adequate cash and more mobile counters where cash can be exchanged. Be that it may, now that the chemo session is over, we have to bear with the side effects and hope that the drug works. Chemotherapy for advanced cancers are often followed by immunotherapy and so government must follow up with more measures to address this cancer.
    But remember, most advanced cancers have no cure, chemotherapy only prolongs life. Corruption cannot be completely eradicated. I hope we are able to keep it in check. AMEN.

    Agree with u

    A View on this "They should have ensured proper functional AT M s, more counters at banks, double shifts in banks, adequate cash and more mobile counters where cash can be exchanged." I guess it might have alerted few people in transforming black money into white.
    In order to maintain the confidentiality he took that step
    .
    I meant taking those measure after the introduction of demonetisation!
    Right!
    Govt got two things to focus on after the demonetization.
    1. To look after the common man's inconvenience.
    2. To prevent black money holders escape possibility.

    and as an add on To answer or response to critics etc..

    As the main aim is to focus on 2, it couldn't concentrate properly on 1.
    This is also the reason for changing rules every now n then, that are ringing bells in black money holders hearts.
    Still there are cases where people have tried converting black into white.

    This shouldn't be an excuse for affecting common man, but it happened(should have handled 1 to a different set of people to take care), hope govt will find ways to reduce or compensate it soon.
    And also hope for the move to step forward and take all necessary actions to fight the menace.
    "Peaceful warrior"
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  • I still don't understand why the notes of higher denominations like 500/2000 are introduced instead of completely scrapping 500 and 1000 rupees notes. On one hand government is pushing for the cashless economy and on the other hand it has introduced the notes of higher denominations. Higher denomination notes will only encourage hoarding black money in the future as it will be easier to hoard huge amount in 2000 rupees notes.
    ·
  • edited November 2016
    gt2015 said:

    I still don't understand why the notes of higher denominations like 500/2000 are introduced instead of completely scrapping 500 and 1000 rupees notes. On one hand government is pushing for the cashless economy and on the other hand it has introduced the notes of higher denominations. Higher denomination notes will only encourage hoarding black money in the future as it will be easier to hoard huge amount in 2000 rupees notes.

    To decrease the velocity of higher denomination notes, which would make the process of tracking, easier!
    An Ounce of Action Is Worth a Ton of Theory
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  • With every response from BD, I get the feeling that the government has no handle on this issue. Really stupid answers, BD.

    A Lion doesn't concern himself with the opinions of the sheep.
    ·



  • With every response from BD, I get the feeling that the government has no handle on this issue. Really stupid answers, BD.

    yaar yeh debroy bewqoof as well as arrogant lag rha h iss video m..

    lost all respect for him.. i thought he was next big thing..
    ·
  • hemu said:






    With every response from BD, I get the feeling that the government has no handle on this issue. Really stupid answers, BD.

    yaar yeh debroy bewqoof as well as arrogant lag rha h iss video m..

    lost all respect for him.. i thought he was next big thing..
    +1
    ·
  • It's not easy to quantify ,yup sure.


    BUT could have been quantified with appropriate prior efforts ,this is something we call "planning " and important for any critical decision.
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  • With every response from BD, I get the feeling that the government has no handle on this issue. Really stupid answers, BD.

    This is what happens when you are directed to respond but have no proper arguments..Just because only an economist can counter an economist.
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  • edited November 2016
    .
    ·
  • Bibek Debroy is answering like IAS aspirants in Mains Examination.
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  • U r dun ..now u wil be picked up 4m wherever u are. :D
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  • Haha... who knew that the guy who once shamelessly quoted Rs.28 as the poverty line to the SC in 2012 would one day sound sensible...

    A Lion doesn't concern himself with the opinions of the sheep.
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  • edited November 2016
    There are couple of reason for daily interventions. Govt didn't anticipate what people can do. There are several reason for cash crunches and long queues outside ATM.
    1. Atms are going out of cash because people using atm are from upper middle class and higher class mostly. They have 3 4 atm on avg, at least 2 they have. An atm can hold max 10 lac rupees. During normal days people were mostly using one atm in general as currency was in circulation. But today people have found out way to have money from it using more atms during currency crunch scene. Thus if a person in a week was allowed to withdraw 2000 for ex, he is withdrawing 6-8000, this much cash could have easily solved 3 4 people's cash crunch. I am sure people commenting here have more than 2 atms and some of you might have used both during this time.

    2. Bank people were exchanging notes of their friend & relatives over the limits and also changing black to white for a commission. This is one of the main reason that in lot of branches cash was getting over sooner than expected.

    3. There was a scam of making black into white by paying people a small commission to stand in a row. It is easier for a lower class labor to stand in a row for few hours and get paid in percentage terms than digging roads whole day. Indelible ink marking has greatly reduced the row length next day after its announcement. See a scam?

    4. Logistical inconvenience were underestimated. SiS company which tops up ATMs is overburdened as there are hundreds of atms in a city and its manpower is not adequate to cope up. It could have recruited more if asked but think about secrecy element. Some one also said double shifts in bank,good idea though but it requires double the number of human resource as in factories. Why on earth bank will recruit extra people when it was unaware of decision?

    I find secretary's daily intervention very good. It shows they are constantly and proactively monitoring the situation and making changes to stop reduce new challenges coming up everyday. We all knew how state and its bureaucratic imertia was too large to move earlier. But this has changed now. Weber got trolled here.

    Time limit of usage of old notes is being increased because govt failed to get sense of incoming chaos. Nevertheless, there is no anarchy in state. However, two problems are there-one for daily wages people who are worst hit and other for farmers whose kharif output is lying on field and he unable to buy rabi inputs. To end this farmers have been given flexibilty. Question is couldn't it had been given earlier? Yes,but without any mechanism people could have started parking their money in urea, dap, seeds which exhorbitantly could have raised up the.prices of inputs and that could have been much worse situation for the farmers than this.
    One burger a day, keeps fitness away.
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  • Very badly prepared scheme. Has given fatal blow to millions of daily wage earners. Hugely undemocratic move, somewhat like forcible nasbandi program of 70's, to coerce people to adopt cashless mechanism and banking channels.
    ·
  • And now he makes a fool of himself within the 1st three minutes... And he claims to be a Law student... Is there a single sane voice left in the country in the govt or the opposition??

    A Lion doesn't concern himself with the opinions of the sheep.
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  • I wash my hands of this topic. I have seen enough.
    A Lion doesn't concern himself with the opinions of the sheep.
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  • Even if a problem is non-curable and located root deep, leadership has to take action against it. No one complains for long queues at rodies audition, jio sim, temples but we all volunteer in it. So, sometimes for the future benefit we have to tolerate little inconvenience.
    ·
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