Careless Whispers ...

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...

Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana Mudra Innovation may Prove a Game Changer By: Shri S Gurumurthy | Published: 10th April 2015 Pic Credit: The New Indian Express In the above article published in TNIE today, Shri S Gurumurthy (SG) analyses MUDRA Yojana. Drawing here some key points form this article and listing them here for easy understanding of MUDRA: First, the background with some numbers: Corporate Sector in India accounts for just 15% of India’s GDP. 50% of India’s GDP comes from non-Corporate or Informal Sector = 'Small and Micro Businesses’ (SMB) Corporate sector accounts for just about 10% of the total Jobs. 90% of the Jobs come from non-Corporate or Informal Sector. There are about 5.8.Crore (58 Million) 'Small and Micro Businesses' that actually drive the Indian economy These 'Small and Micro Businesses’ employ about 12.8 Crore of India’s total working population. Corporate Secto...