Recent revelations by RBI that demonetization was not done to unearth the black money ,weed out the fake notes and tame the counterfeits stemming from the border .It has also made it very clear the non currency component of black money is very high and held in the form of gold and real estate and demonetization can hardly affect it .And yet the the architect and the author of the drama our PM fooled the people on that day fateful day that it will stamp out the cult of black money and corruption and the holders of black money will lose sleep.
RBI was not in favour of the decision .Since the authorities had taken a decision unilaterally despite the fact the discussion was going on for six months before taking the decision,RBI yielded and said it was being done to replace or reduce the size of cash economy and encourage digital economy which I have questioned long ago.
There are some more interesting to say on this contentious and controversial subject and that can wait .why the hell at an age when I invest time in discussions and reading on mystical states, nature and even religion, I am at meditation because it gives more pain and pleasure in documenting something for posterity.
"Like the scent of flowers was making love with the song of birds",I am romancing with my discipline Economics..
good night friends
RBI was not in favour of the decision .Since the authorities had taken a decision unilaterally despite the fact the discussion was going on for six months before taking the decision,RBI yielded and said it was being done to replace or reduce the size of cash economy and encourage digital economy which I have questioned long ago.
There are some more interesting to say on this contentious and controversial subject and that can wait .why the hell at an age when I invest time in discussions and reading on mystical states, nature and even religion, I am at meditation because it gives more pain and pleasure in documenting something for posterity.
"Like the scent of flowers was making love with the song of birds",I am romancing with my discipline Economics..
good night friends
No comments:
Post a Comment