Home Economy and Finance Demonetisation – A step towards 'Charitra Nirman'

Demonetisation – A step towards ‘Charitra Nirman’

For a Nation that worships Lakshmi, the Goddess of Wealth, we believe in radial prosperity, a clear departure from the philosophy of the Left that convinces its consumers that poverty is good. However, we also believe this prosperity should not be accessed at the cost of others.

If there is an all-pervasive habit in India, it is the temptation to indulge in corruption. Before you decide to abandon the discussion on the assumption that you have nothing to do with corruption, remember all the times you ‘bribed’ the traffic police to let you go for jumping a signal, availed sick leave to tend to other businesses or lied through your teeth to your parents as a teenager.

All these instances and several others are a form of corruption, that we have participated in without even realising that these seemingly innocuous activities result in erosion of our character, our moral index and eventually corrode the moral benchmark of the society and nation. It is never too late to accept that we engage in dodgy activities because we know we can “get away” with them.

Unfortunately, not always.

- Ad - - article resumes -

November 8, 2016: The Prime Minister of India, known for his administrative grasp, decided to reset our dishevelled morals, by announcing demonetisation of the currency of denomination INR 500 and INR 1,000. These currency bills formed 86 per cent of the currency in circulation. We all saw how affected parties, especially those who had stashed cash earned through unruly means, rushed to buy gold, air tickets, petrol, swanky vehicles, and the works. The rush to convert cash into high-value assets was a telling example of the cesspool of black cash that had accumulated in the nation where 14.8 per cent of the population is undernourished.

One of the biggest criticisms faced by demonetization is that it was not forward-looking. There were no devices that were introduced to check the flow of black cash; the announcement just aimed at extinguishing the existing stock. I can understand masquerading scholars using this logic as a tool for political criticism; I find it worrisome that trained economists too resorted to this anaemic argument, mainly because these economists failed to see the behavioural impact of demonetisation on the common man. The sudden shock is expected to send a strong message to the citizens of India, regarding zero tolerance to corruption and that the State apparatus has the capability to coerce discipline if citizens go astray.

In Ramcharitmanas, Tulsidas writes “बोले राम सकोप तब, भय बिन होय न प्रीत।।” – In the absence of fear of punishment/consequences for indiscipline, there is little appreciation of resources. Demonetization was an announcement to spell both, fear of consequences and power of the State with respect to corruption. India was made to experience the potential loss that the State could impose for hoarding cash, repercussions such as income tax notices for undisclosed sources that lead to the sudden deposit of high amounts cash. For decades, we have seen the State as a toothless tiger which has no authority or agent to check the unchecked corruption that thrived right under its nose.

The Prime Minister literally told the Nation at prime time, that the State is still the boss and it is high time the fortresses of corruption ceded ground to honest, hard-working citizenry.

Moreover, stakeholders of the parallel economy have been caught off-guard. They were lead to believe that they can get away with all underhand dealings and continue to do so endlessly. Post demonetization, there is a palpable unrest within multiple groups. They are unsure about the next move of the State to expose the corrupt, which nudges them to avoid indiscipline.

The Khao aur khaane do culture had become a way of life for the nation, and we clearly needed action to control this trend from becoming the ‘only’ way of doing business in India. For a scam surplus nation, it is no secret that grey transactions had found their way deep into social structures, including education, food distribution and healthcare. We cannot afford to have an entire generation of citizens see no wrong in corruption and believe that they could get away with a dark trail of activities by wearing the mask of honesty. They needed to be communicated, that it is not enough to file annual income tax returns – it is equally important to pay the right amount of tax. Demonetization was followed by the launch of Goods and Services Tax (GST), a cent per cent online platform – another strike on those who used human intervention as a means to achieve wanted ends.

For a Nation that worships Lakshmi, the Goddess of Wealth, we believe in radial prosperity, a clear departure from the philosophy of the Left that convinces its consumers that poverty is good. However, we also believe this prosperity should not be accessed at the cost of others. Demonetization should be viewed as a long-term reform that will eventually push the citizens of today and tomorrow towards building character building. Charitra Nirmaan is a critical part of every human being, and the State cannot absolve its responsibility from contributing to the same.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

While the date of the recording is not clear, it can be inferred from above conversation that it took place sometime in July.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Barkha Dutt’s strange coincidences with a Kashmiri who wished death upon PM Modi and Amit Shah

Idrees ul Haq, with whom Barkha Dutt had a series of ‘coincidences’ is a known separatist sympathiser

Deplorable ‘journalists’ further Pakistan propaganda and undermine India: Why should their patriotism not be questioned

Indian 'journalists' and 'intellectuals' have taken up the mantle of peddling the Pakistan narrative on Kashmir it appears.
Shah Faesal was reportedly planning to approach ICJ over India’s decision to abrogate Article 370

IAS-turned-politician Shah Faesal was travelling to file case against India in the ICJ over Kashmir issue: Report

Shah Faesal was nabbed at the New Delhi International Airport on August 14 when he was trying to leave the country, reportedly, to Turkey

Here is why Shobhaa De could be first in a long list to be exposed by Pakistan

India’s stand on abrogation of Article 370 and 35A and dilution of Jammu and Kashmir from a state to a Union Territory has dropped the baby of pretence.

Army veteran Surendra Poonia receives threats from Pakistan, files online complaint with cyber crime portal

Major Poonia shared screenshots of the threats he has been receiving as well as screenshot of message which said how an unknown number had threatened to character assassinate him and malign him.

Purported email screenshots of Kavita Krishnan’s team show them discussing use of retired judges and ex-military officers for Kashmir propaganda

Purported screenshots of internal emails of urban naxals are being circulated on social media
PM Modi's debut on Man vs Wild becomes most viewed show worldwide with 3.6 billion impressions, leaving Super Bowl behind

PM Modi’s debut on Man vs Wild becomes most trending show worldwide with 3.6 billion impressions, leaving Super Bowl behind

The appearance of PM Modi on Discovery’s ‘Man vs Wild’ show with survivalist and adventurer Bear Grylls has garnered 3.6 billion impressions and counting.

After the abrogation of Article 370, Pakistan Minister expresses angst over Rahul Gandhi not winning 2019 elections

After abrogation of Article 370 by the Modi government, Congress and Pakistan seem to have found an ideological soulmate in each other
Shehla Rashid bats for Armed insurgency in Kashmir

Career-protester-turned-politician Shehla Rashid downplays terrorism in Kashmir, calls legitimate action by India ‘state terrorism’ instead

According to Shehla Rashid, India has been inflicting atrocities on Kashmiris since 1953
Syed Akbaruddin addressed the media yesterday at the UN, affirmed that any decisions regarding Jammu and Kashmir is India's internal matter and if Pakistan wants any talks with India, it has to stop promoting terrorism first.

We do not need international busybodies to tell us how to run our lives, Pakistan using Jihad to promote violence: Syed Akbaruddin

"India is a vibrant democracy, we do not need international busybodies to tell us how to run our lives", India's ambassador to the UN Syed Akbaruddin.
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

180,671FansLike
170,109FollowersFollow
89,077SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post