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Showing posts with the label Demonetisation

Why are we so obsessed with GDP?

We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men ~ George Orwell Reading habits are now limited to Pictorials & Meme shared over WhatsApp & Social Media. The daily dose of Newspaper headlines are remotely connected to the reality. Evening prime-time is spent on 'Newstainment' - the cacophony of futile & vile debates. New-age, so-called 'fact-checkers' are mostly 'Google Warriors' with hidden Agenda. Facts & Data gets buried somewhere deep under all this rubble, crying for time & attention. Two things happened last week to trigger a national rhetoric:  RBI released its Annual Report stating 99% of demonetised notes came back GDP growth slows to 5.7% in April-June 2017 Quarter Both have turned out to be highly emotive issues for India - for those who understand it and even for those who don't. Emotion, connects India. 'Designer Journalists' got busy ...

THEY Demonized Demonetisation

Reflecting back on an unprecedented event that would assume 'historical' importance globally - 8th November 2016 will be remembered as the Day of Demonetisation. One good thing 'Demonetisation-Day' of 8th November did to India was spectacular in that the whole Nation arrived on the same page - that of the POOR.  As usual, tribe of Politicians remained most concerned for the poor. High decibel noises were heard from the seats of Designer Journalists, Intellectuals, Communists, Faketivists, English-speaking-urban-middle-class, Key-Board warriors etc. Everyone suddenly got very ‘concerned’ about the ‘Poor’ and ‘Rural’ India. The protagonist of Demonetisation turns out to be the Poor & Rural India, and rightly so, as we will conclude shortly.  Irony just died a painful death when the Poor Indians themselves came out in very large numbers to support Demonetisation (DeMo), even if they had to stand in long winding queues and wait for long hours just to exch...