Demonetisation of INR 500 & 1000 notes:
We as a nation tend to be myopic, to that extent that we are concerned about our concerns and not the concerns of others. It isn’t necessary to be sympathetic always when we are concerned, at times we have to see the inordinate gains which are possible for others because of a situation. The situation today i.e on the intervening night of the 7th and 8th of November, 2016 is one of speculative trepidation! Everyone is having his or her own perspective. Most Indians believe that Hillary and her Democratic Party would be good for India. In Bangalore, where even for purchase of paan techies swipe cards, especially in the IT corridors of Bannerghatta Road or Sarjapur Road or the nucleus of Whitefield, this demonetisation has no alarming reaction. Most of those who are writing programs, crunching data and distilling algorithms aren’t concerned at all. It is another piece of news. But there are millions who are bothered, bothered how they would get their cash into banks with justifiable reasons and get it integrated into their accounts. The ones who would predominantly get into this are the drug dealers, land grabbers, diamond dealers, hundi transporters of cash, and land sellers who had taken a part of their sale proceeds in cash! The last is a pitiable lot, they not only lost their property but have as well lost the cash, which they have to sell on a discount.
Besides the above sufferers, there is a minuscule set of people who COULD FISH IN TROUBLED WATERS! Who are they?
They are the bankers & politicians in power. They have the reins without any Rules. Mayhem brings its own set of Rules – MIGHT IS RIGHT. Day after Tomorrow morning when the banks open and ration payouts in lesser denominations or in the newly christened 2000 and 5000 denominations, the Rules are going to be made by the banker. It is not the payouts which would be lucrative but the pay-ins. How to avoid the threshold of detection and get enormous cash integrated in lieu of the defunct notes. The Politician is the big daddy of them all, he gets to know how to get all the cash into the account as donations from unknown faces. The more powerful in the Government have more options, they could make certain rules which would be published much after the excited ones have made a clean breast of things within the initial few days. They are the ones one should envy, at this momentous juncture. Imagine a truckload of currencies stuck with a business cum political person! He has to make a deal with a politician to make a bank accept the cash and redeem its npa to a certain extent and the politician gets a cut, a chunk of it for the timely but substantial help!
How interesting? I am turning green with envy at the impending prospects of those bankers and politicians!
What would happen to all those notes in Nepal, Bhutan, Singapore and Srilanka? God knows! May be there are opportunities evolving for them there as well. But in any case, the opposition parties which have relied on cash for purchasing votes have to galvanise their cadres to get their act together to get the old notes exchanged! But in any case, they would be the biggest losers.
Caesar’ death was a fact, but Antony & Brutus had different perspective on that fact. It is but refreshing to read JC at these moments and amaze!
“O, pardon me, thou bleeding piece of earth,
That I am meek and gentle with these butchers!
Thou art the ruins of the noblest man
That ever lived in the tide of times.
Woe to the hand that shed this costly blood!
Over thy wounds now do I prophesy,–
Which, like dumb mouths, do ope their ruby lips,
To beg the voice and utterance of my tongue–
A curse shall light upon the limbs of men;
Domestic fury and fierce civil strife
Shall cumber all the parts of Italy;
Blood and destruction shall be so in use
And dreadful objects so familiar
That mothers shall but smile when they behold
Their infants quarter’d with the hands of war;
All pity choked with custom of fell deeds:
And Caesar’s spirit, ranging for revenge,
With Ate by his side come hot from hell,
Shall in these confines with a monarch’s voice
Cry ‘Havoc,’ and let slip the dogs of war;
That this foul deed shall smell above the earth
With carrion men, groaning for burial.”
–Mark Antony from “Julius Caesar” (3.1.254-275)