Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Monday, 5 December 2016

For Want of a Nail

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



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 ! "


Most certainly !  By putting the NAIL in the HORSE SHOE !

{  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