We have all heard the story of a king who lost a battle
for want of
a nail - the nail that came off the horse-shoe and stranded the king ,
in the middle of the battle
That entire saying goes like this :
------------------------------------------------------------------------------------------------------
For want of a nail the shoe was lost.
For want of a shoe the horse was lost.
For want of a horse the rider was lost.
For want of a rider the message was lost.
For want of a message the battle was lost.
For want of a battle the kingdom was lost.
And all for the want of a horseshoe nail.
-------------------------------------------------------------------------------------------------------
Let me reconstruct this in the current context
:
# The Kingdom : Indian
Economy
#
The Battle : Black
Money
# The
Enemy : Tax
Evader
# The
Horse : Demonetization
#
The Rider : NDA
Government
# The Message : Return OLD notes
# Horse
Shoe :
Rs 2000 Currency Note
#
The Nail : RFID micro-chip ( one fiftieth thinner than
hair ) , costing
30 paise
-----------------------------------------------------------------------------------------
------
HOW IS
THIS BATTLE SHAPING
UP SO FAR ?
Just open your morning news paper or your
favorite TV Channel , to listen to the tales of sufferings of poor people - and
forecasts of a dark Economy , in respect of :
Perishable articles rotting / Aggregate
Consumer Demand getting depressed / CPI - Inflation reducing / Money Supply shrinking / Transport coming to a
Standstill / Real Estate prices dropping / Commodity prices deflating /
Interest Rates likely to be lowered by 25 bps / Bulk Deposit rates being
reduced / Huge liquidity in Banks becoming a burden / CRR and MSS to help out with excess liquidity
in banks / GDP growth to come down for next two quarters / GDP growth to drop
by 2 percentage point , next year / Note printing rates too low / It will take
12 months to replenish the Rs 500 / 1000 notes / Mfg PMI tanking / ATM
re-calibration just too slow / Withdrawal limits are draconian / Farmers are
committing suicides / Mobile Wallets are ushering a CASH LESS economy / Credit
- Debit cards being used by poor / UPI is the only long term salvation / Black
Money will flow to Gold and property / Marriages getting postponed / Patients
suffering after denial of emergency aid / Healthcare in shambles / Auto-Tractor
- Car sales down / Retail sales down by 50 % / Jobs getting lost....etc
Surprisingly , in all of these sufferings ,
only a few people are saying :
" Earlier , it was difficult to carry
Rs 10 lakh in your shirt pocket because it took 1,000 notes ( of Rs 1000 each )
, weighing a total of 1000 grams ( 1 kg )
Now you need to carry only 500 grams ( of
Rs 2,000 notes ) !
In less than a year , Tax Evaders will
start " Corrupting " the economy with Rs 2000 notes and we will be
back to square one of a new parallel economy - credit cards / debit cards /
mobile wallets / PoS - Card Readers , notwithstanding ! "
EVEN
AT THIS STAGE , CAN ANYTHING BE DONE TO WIN THE BATTLE ?
Most certainly ! By putting the NAIL in the HORSE SHOE !
By " Embracing
The Inevitable "
{ http://myblogepage.blogspot.in/2016/11/embrace-inevitable.html
}
Dear Shri
Narendrabhai :
It is NOT too late !
with regards,
hemendra parekh
----------------------------------------------------------------------------------------------------
06 Dec
2016
www.hemenparekh.in / blogs
No comments:
Post a Comment