Skip to main content

Will Scrap, Wrap the Crap?

In the last two days I have been hearing ,also experiencing the PM’s Initiative of scrapping the 500 & 1000 Rupees all of a sudden from one night. Like all I too appreciate the courage and intent of our PM who has a vision of taking this nation to the next level .However I have few questions or rather even concerns which I am sure has to be thought about.
Will Scraping 500 /1000 lead to legitimacy in the Economy?
The following are few points one has to think about
·        BPL:
In a country of 1.25 billion population let’s assume roughly BPL category falls close to 50% or forget the percentage of BPL (Though there are different stats)  at least I would say genuinely they are not in the  zone of black money reserves.
·        Middle Class:
The salaried and middle class typically people ,let’s talk about average annual earning of Rs 7 lakhs and above definitely has lesser role to play and let’s assume this contributes to  another 25% (Roughly some stats talk about 240 Million) also reasonably can be claimed not into the black money zone
·        Corrupted Rich (Using the terminology as strong potential Black Money Zone)
The corrupted rich  let’s say whatever it is the percentage has lots of potential to be in the Black Money Zone however the liquid cash in a disposable format for anybody by all common sense shall be reasonably assumed not more than 5 to 10% of the total worth .I am sure rest of the money would have already been converted to the format of properties & other assets and this 5 to 10% may not be a significant loss while looking the below parameters for them within the closed group of corrupted rich.
·        If the money is earned via all corrupted mechanisms losing 5 to 10% may not have any impact as they have already made 90-95% in a shorter span converted into other formats.
·        The Gap between the Middle Class and the Corrupted rich is already huge and even with 10% loss this gap shall still remain in the Socio-Economic Strata.
·        Also if we look at a closed Circle / Group of Corrupted rich within them all of them are likely to lose 10% and hence the Purchasing Power and net worth relative to each other all remain the same and hence this may not be a significant pain to them .
·        None of them according to me shall surrender the money or even disclose keeping in mind all the above and their o Individual Social Image Maintenance.
I would be happy if I had time to attach statistical numbers and made a maths however I would recommend someone to work a maths based on my above logic for research purpose. According to me this sudden initiative would pain only the Middle class and BPL as below
·        BPL citizens who has saved money say over years through hard work may be questioned the source if it exceed limits
·        Unorganized sectors/Example: Kirana/Small shops have to go through liquidity problem in short run.
·        People who traveled outstations shall not have proper disposable currencies for the few days.
·        Market Value of Real Estate shall diminish and it shall come close to Guide line value/even less (Ex Impact: Retired father who has invested in property for a daughter’s marriage would suffer)
·        Salaried and Middle class are made to stand hours for getting their hard earned money and I haven’t seen any super rich standing for 100 rs.
I have few questions:
If the intent is to be aggressive and bold on Black Money evasion why not the below was not thought about ?
·        Identify and Imprison corrupted Bureaucrats /Politicians/Business men/Super Rich the stronger/powerful section of the society irrespective of wherever /whatever party they are. This could have been even more a bold and courageous decision. Isn’t it so?
·        By scrapping the 500 /1000 the affected is only  the weaker section of the society at least in terms of making them loitering here and there to get their hard earned money for few days.
·        May be the ATMs and Banks could have been filled with more of 100 Rupees currencies for  last 2 weeks to 1 month and made more of 100 rupees circulation high in the market and then scrapped this as a surprise also. Why this was not executed in the above manner rather doing all the necessary arrangements after making a surprise move.
·        Initiative and the Intent is really courageous and my doubts still remain will it really give the desired impact however I wish it gives in long run .May be one more feather on PM’S cap for his courage and initiative.
The question still remains unanswered for me at least .
Will this Scrapping of 500/1000 Rupees Wrap up the corrupted Craps of the Society?
Will Scrap Wrap the Crap?
I am waiting for the long term results too …,....


Popular posts from this blog

What makes Great Work Places?

It is natural for all of us to dream to get job in great  workplaces, as we spend majority of conscious hours at work.  Great workplaces,  empowers its people. Demonstrates an affection towards organisation and develop a desire to stay with the organisation. What makes great workplaces ? Research  proves, “more money doesn’t make employee happier, nor cosy office premises”.   It is the “ Leaders” , who  play a crucial role in bringing up  great workplaces to work, with the trust and  commitment he demonstrate  among the employees of all ranks. This facilitates employees to develop a trust towards their Leaders and develop a desire to stay with the organisation despite opportunities to work elsewhere. Take an extra effort and engage in behaviours that contribute to business success. This attitude will tend to lead maximum job satisfaction i.e I like my work and I do it well with maximum job contribution ; I help my organisation to achieve the goals. They are ent

Top seven things that leadership candidates should think about!

Ever since the concepts of management got evolved the one phrase which would be undoubtedly accepted is “It’s not the volume but the value that matters” . This phrase becomes more apt in the leadership hiring process as it is purely a value transfer in terms of many parameters which is do with hard competencies ,soft competencies etc. Having been and continuing to be in the recruitment and more precisely in the leadership hiring industry in my experience the following are the seven key parameters which might be unstated but one as a candidate should keep in mind when we go through leadership hiring process. Success is appreciated & equally failure lessons: In my experience I have seen resumes and leadership candidates talking great about their achievements, projects success, driving company results etc. As much as these are really great in a span of close to decades of experience I am sure everyone would have made wrong decisions and seen failures as well. In my exp


Y ou have become a  true mother when you carry your brain child for years and deliver it after 3 years.Thats the feel I got when I refurbished our CBHR on June 16-2018.  It was a cloudy Saturday when we had around 35 registrations the day before . We anticipated 20 HR leaders for the event. However we had commiited 10+ attending the event. Ramzon weekend and rains blessed us to have a small interactive team this time. Members were given New CBHR membership cards. As I always say " Small has nothing to do with Value Offered" . The program started at10 :30 am with opening speech by me on CBHR its Idea and the Vision. Later the floor was opened to brainstorming on path forward. Several ideas got opened up and the agenda for next meeting was also fixed. Then it was a session by me on " Innovation" under the Blue Ocean Framework. Later Mr Vig CPO of Mosaikrisk also presented his project work on " Gamification and PMS". The