Tag: Demonetisation

November 8, 2017 /

It is one thing to say that demonetisation has failed empirically, but quite another to assume that it will lead to BJP’s defeat. On the contrary, Mr. Modi has jumped from one policy to the other, and every time, the residue in public consciousness is the honourable intention. Meanwhile the opposition parties seem to be completely unaware of these dynamics.

November 8, 2017 /

It used to be said that Indians don’t queue. Clerks despaired of organizing the crowds that clamored for attention at service counters, and paying one’s electric bill in northern cities required a set of sharp elbows for jostling. In this context, postdemonetization bank and ATM queues were remarkable—not only for the very orderliness of their existence, but also for the intimacies they fostered and ways in which they rearticulated class and kinship.

November 8, 2017 /

No formal government program or agenda has been so socially malignant for India as the 2016 demonetization, both in the intent and manner in which the policy was deployed and in its impact on the working poor. While the forced sterilizations (nas bandi) of the mid-1970s were met with widespread subversion and eventually led to the fall of the Indira Gandhi government, the recent round of notebandi (literally, note ban) or demonetization was met by mass acquiescence.

October 6, 2017 /

No formal government program or agenda has been so socially malignant for India as the 2016 demonetization, both in the intent and manner in which the policy was deployed and in its impact on the working poor. While the forced sterilizations (nas bandi) of the mid-1970s were met with widespread subversion and eventually led to the fall of the Indira Gandhi government, the recent round of notebandi (literally, note ban) or demonetization was met by mass acquiescence.

October 5, 2017 /

Much has been made about the absence of large-scale protests by farmers against demonetization, as if farmers could march in the streets at the time of harvest, leaving their crops untended. On this topic, the journalist Ugale told me that some farmers had contemplated dumping tomatoes outside the collector’s office, but then changed their minds, thinking: “Even if we protest, what will we achieve?” Ugale trailed off and then, in a somber tone, concluded: “Helplessness and apathy, that’s what I see everywhere.”

September 13, 2017 /

More than 100 people died in bank queues trying to get to their own hard-earned money. Eight thousand crore rupees were spent to print notes. Billions of hours were wasted waiting patiently in bank queues. Bank staff forgot all their other works as well as night sleep. The working poor lost livelihood, for the notes to pay them with were nowhere to be found. All this, it appears, is a trifle in the worship of the fuehrer, er, the Bharatmata.

July 19, 2017 /

The black comedy of Demonetisation continues and the Governor of the Reserve Bank of India is now the latest clown in the show! In an astounding statement before the Parliamentary Standing Committee on Finance on July 6th 2017, the Governor of the Reserve Bank of India (RBI) said that he could not give them an official number as to how much money was deposited in old demonetised notes because counting was still in progress! This beats all logic.

June 15, 2017 /

Results are in on Demonetisation … India is being ruled by AN INCOMPETENT PRIME MINISTER… He has ruined the Indian economy with a stupid, ill-considered move. An overweening belief in himself, to the exclusion of advice from even a close set of real economic/financial experts, is undoubtedly the biggest cause of this debacle. If Modi had even consulted those with some economic/financial knowledge in his own party, he would have realized that demonetization is a blatantly STUPID move.

December 15, 2016 /

1. Do poor have 500 notes?
2. He/She was old. Could have died at home too. How can you blame demonetisation?
3. Things are difficult, but it is for the greater good of the nation.
4. Look how India is changing to digital transactions overnight…
5. Why are people not going to Govt Hospitals? They accept old notes.
6. Wait for a few months before you criticize the move.
7. Oh, how much black money did you have you anti-national, sickular, libtard, commie?
8. You can stand in queue for the tickets to 1st day 1st show of a movie but cannot for the bank?
9. Oh, so who do you want instead? Rahul aka Pappu or Kejri the Nautanki?