Sunday, May 5, 2019

Revisiting Demonetization two years after and the brand called Modi : excerpts from the forthcoming book .


More than two and a half years have rolled on since its launch and its benefits are almost nil while the costs -both in real and monetary terms have been enormous. As the measure was a gross failure ,it did not merit attention to be included in the achievement list , nor was it mentioned in election rally ;however  the PM who has become a specialist in telling lies even after he has been fully exposed ,told in some context  in the midst of election rally that the black money holders are crying after having lost money .No sane fellow will have any respect for this liar regardless of the fact whether he wins by manipulative mechanism or lose by the benevolent fate .

There are different narratives on this misplaced economic   adventure which had clear political overtones. There is a great deal of confusion and strong misconceptions surrounding the measure even today .The authors and the architects have been shell shocked by its devastating effects on the people and society, so much so that fresh mandate is being sought on the dead bodies in terrorists attack at home and also in the neighboring country and the routine developments in space research, rather than making any reference to note ban or GST. This alone speaks of the shallowness, crookedness and wickedness of the measure which eventually proved to be more disruptive and destructive in nature.

My friends asked me whether  there is  any need for this work ,especially after election and also many are familiar with the subject  …There are still many educated people and youngsters  who have not grasped the true import of  the issues, events related  to this measure;furthermore Modi the PM has been promoted as a brand and sold in the market with a lot of lies ;the irony is that the brand has become a specialist in telling lies and telling irrelvent details and not showcasing any worthwhile economic achievement to boost of ; and I felt sincerely to invest my time amid summer heat to underline and unmask the real face of the brand and expose the stupidity and futility of the measure introduced by this Brand ; both the brand and the measure  need to be explained in non technical language, although many volumes have appeared. Having failed to convert the lecture notes into essays earlier, I have ventured to invest my time amidst summer heat and the old age related tiredness, to meditate on demonetization. This is a documentation for posterity, to convey we lived in troubled times, the most difficult and dangerous times, because of one man’s ego and misplaced arrogance  .

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