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 !

{  }

Dear Shri Narendrabhai :

It is NOT too late !

with regards,

hemendra parekh

06  Dec  2016 / blogs

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