We have had many discussions post demonetization where majority members swayed by an articulate spokesman nodded accent with limited understanding. The story is the same across the nation where people chose to be blind to the suffering of the poor and the cascading effect of the decision. How much black money was unearthed by the exercise? Many other questions asked had no answer but just that the exercise was unprecedented and the patriotism which was invoked to turn dissent into accent. The Parliamentary Committee which asked the present RBI Governor to depose before them on the demonetization could not come up with satisfactory answers.
Please go through the Interview of a former RBI Governor who, I am sure would also be branded as undemocratic.
http://www.rediff.com/business/interview/rbi-has-been-against-demonetisation/20170119.htm
Warm Regards,
Stephen Narayanan
Freelance Educational Consultant/Corporate Training facilitator
Mob.:-9868386192
On Wed, Jan 18, 2017 at 6:44 PM, Prabhakar Waghodekar <waghodekar@rediffmail.com> wrote:
Thanks Parthaji for sharing an opening factual data.
I agree to the following:
- The current demonetization done by Bharat is a tip of an iceberg but a first major step towards – less cash economy, total financial inclusion and tax reforms.
- Expected to bring greater transparency in the transactions of the economy, reduce avenues for black money and corruption.
- The people of Bharat, the common man, has responded positively.
- Can be gauged by the silent suffering.
India is claimed to have one of the oldest ancient civilization existing till toady. The history shows that the credit goes to the common man, to his high threshold value for tolerance and suffering that have helped him to see many deep downs. the present state of affairs will be win over successfully. Man-made problems are best dealt with man-made solution of common man!
Regards,
Dr. P H Waghodekar, PhD (Egg), IIT,KGP, IE&M, 1985,
Advisor (HR), IBS & PME (PG)
Marathwada Institute of Technology,
NH 211, Beed by pass road,
Aurangabad: 431010 (Maharashtra) INDIA.
(O) 02402375113 (M) 7276661925
E-Mail: waghodekar@rediffmail.com
Website: www.mit.asia
and
Chairman, Advisory Board, MTC Global, Bangalore.
Engineering & Management Education: An Engine of Prosperity.
Classroom teaching must match with Boardroom needs!
From: "'PARTHA SARATHI' via Management Teachers Consortium, Global" <join_mtc@googlegroups.com>
Sent: Wed, 18 Jan 2017 08:56:01
To: Join_mtc <join_mtc@googlegroups.com>, "Prof. Bholanath Dutta" <bnath.dutta@gmail.com>
Subject: [MTC Global] My article- Rejoinder to Steve Forbes article on Demonetization
--Dear Friends,I am pleased to share with you all my article - Rejoinder To Steve Forbes Article On Demonetization is published in Hindupost. Steve Forbes ( Editor in Chief of , Forbes a business magazine) wrote his article couple of weeks ago. I request you to first read his article and then my rejoinder published in Hindupost as under. ( My rejoinder is also posted in the comments column in Forbes Magazine as response to Steve's article). B.N.V.Parthasarathi.Link to Steve Forbes article is ----- What India Has Done To Its Money Is Sickening And Immoral
What India Has Done To Its Money Is Sickening And Immoral
By Steve ForbesThe economic turmoil has been compounded by the fact that the government didn't print a sufficient amount of...
Rejoinder To Steve Forbes Article On Demonetization -
This is a rejoinder to the Steve Forbes article What India Has Done To Its Money Is Sickening And Immoral which ...
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