The Color of Money (1)

The Color of Money (1)

23/11/16

It’s been two weeks since the prime minister announced the government’s (?) decision to expunge the top two denominations of the Indian currencies, and to presumably replace them with lower value notes.  He was also trying to relate this move with the bigger objectives of (a) eliminating ‘black money’, (b) eliminate the influx of fake currencies, (c) to remove corruption; and as a side effect, he tried to reason, that it will weaken the terrorist organizations.  The implicit expectation was that the citizen of this country should accept these decisions because it was in the greater interest of the citizens.  However, there has developed a clear divide in the rest of the country, one group praising the PM for the ‘bold’ move, and conviction that all that has been told by the leader will turn out to be true; and the other group trying to reason out why this was a wrong move, and the various situations aiding them to come to this conclusion.

Many in the political party of the government in power have painted the picture that speaking against the policy of the government is tantamount to an antinational activity, and in their analyses, reasoning is based on motivation and not on logic.  On the other side of the divide the political opposition to the ruling party finds this move as a bonanza to punch holes in the decision and leadership, using the logic and favorable data to enhance their credibility.  Thus like the parallel economy – target of the action, the decision has clearly divided the country into two distinct streams.

 

Government, policy, faith

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