Mr Narendra Modi's And The " R.B.I's " " ARM-IN-THE-SLEEVE ":: Prudent Ban On Rs 2000=00 Currency Notes
The ban on Rupees Two Thousand currency note is nothing so
astonishing and nothing so great .This was to happen and this has happened .It
was on the expected line .
Removing the existing
currency note and replacing it with the new one are a traditional line of financial functioning to control the
flow the the currency note and to keep a check on the hoarders and the black
merketers so that the inflation is controlled and this exercise often takes
place in many a countries.
Some of the communist countries keep on doing this so that the circulation of the currency note is
controlled and the advantages are not seized away from their Government and
their main controlling bank, like, the R.B.I of India is.
The First time That The Existing money was controlled –“
We have heard the name of KAUTILYA. He was none
other than CHANAKYA . Chanakya had adopted different names for writing his
different books and when he wrote his book on ECONOMY he wrote it in the name
of KAUTILYA.
When the last of the Nand Dynasty, Sadanand was killed by Chandra
Gupta Maurya, then Chanakya immediately and completely banned the entire cvoins
that were in the market then at Magadh. THAT WAS THE FIRST TIME THAT THE BAN ON
THE COIN VCURRENCY TOOK PLACE IN INDIA. THAT WAS IN 321 B.C
It was done because Alexander the Greece invader had come to
India and he had taken away most of the part of India.He set his rule and he
brought in his coins in the market for trade and exchange. Magadh then was ruled
by Sadanand and he had his own coins. There were two
different coins that were afloat in the Indian market. To RATIONALISE them into
one, Chanakya who then took over India with Chandra Gupta Maurya seated on the throne, brought about an
end to the all existing coins in the market and he in turn brought out the new
coins in its place.
This was the first to start. During the entire rule of
Chandra Gupta Maurya, it is said
that as many as SEVEN different occasion
saw Chanakya
ie Kautilya to the WORLD OF ECONOMY then,
changing the coins all of a sudden and replacing it with the newer ones.
The WORLD WAS SURPRISED to see it
happen. What is it going on cried the entire world then. However Chanakya had a
reason then. India was seized in a large manner by the Greeks. The coins in circulations were with the
Greeks and the reseve of the Banks that existed then were with them.Over it
Alexander had taken away so much on India’s Gold and Silver.
Pic - : A Silver
Coin That Ruled The market During The Rein Of Chandra Gupta MauryaBefore going, Alexander had given the charge of India under Selukus
There was a fear in the mind of the Indians then that once again
the Greeks would lay their hand on India to conquer and set its rule at India.
Fearing the lash and the brute – force Chankaya realizing that the bulk of the coins
in terms of the Gold and the Silver as well as the Copper coins could be used
by the invaders to sieze India and the Indian market would see the brunt
of the same and face the consequences .
KEEPING THIS IN MIND THEN ,
CHANAKYA BROUGHT ABOUT THE SYSTEM OF DEMONITISATION. He was the one
who started it and was very successful to-:
1). First control the entire market of India
2). Second, to exactly keep a complete control on the flow of the coins then and the inflation,
3). To sweep away the HOARDERS and the BLACK-MARKETERS.
This lesson of Chanakya about the demonitisation took place
at Germany soon after the World War-II , and many European nation thereafter.
Some of the countries from the Communist and the Socialist block and again some
from Asia like Indonesia, Vietnam to name a few completely exercise this
demonitisation once in seven years to completely have a sway and a complete
control over the flow of the currency beside to keep their economy in check.It
also completely keeps the inflation in control
The Basic Reason
For Demonetization - ::
Demonitisation actually is a process to sweep away those who
hold the money secretly at a place where it becomes very hard for the nation
and its ruler to put their hands on the same to bring it back to the nation for
the use of the nation.
Money are not kept in open by those especially the parties
that are in politics. They store it in a place which is a secret and a place
which nobody can encroach upon. This money basically is used during the time of
election and also during the time to uproot the Government. The two hands , one
of the Anti Government and the other which associates itself with the political
entities, use this money to overturn the applecart of the ruling party. This
then creates a furore in the
country.
Moreso, holding these currencies the black marketers and the
hoarders circulate the illegle currency notes to completely ravage the market
and the strength of the assembled economy of the nation.
India The Victim
Of KNUCKLING HAND AND TOEING
KNEES - ::
India always had been
a victim of this circumstances.The glaring example was in the Kargil insurgency were
money was needed like anything to pump the soldiers blast the enemy
Inadequate funds really bothered India.
Again to say and cite another example when our Parliament
was attacked, it was the shortage of the money in terms of thew resources and
the imposition of the international ban on India, then by the U.S.A and Japan
hit our market and the economy so badly, and it affected the market so worst
that inspite of having a mind to attack Pakistan and put them to place, the
Indian Government had to take a back foor which actually caught the nation on
the wrong foot.
The main reason why India could not forge that war was the LACK
OF MONEY IN ITS COFFER. The black marketers and the hoarders were
holding money which was guazed much more than what the Reserve Bank Of India could hold. That was the crux
during that time which gave some useless lease of life to Pakistan, else if
there was enough cash and money at the reserve for India, Pakistan could have
been brought to its knuckling hands and toeing knees.
The Condition Of
The Demonitisation On The Rupees 2000=00 Currency Notes-::
This Rupees 2000=00 currency note that was circulated
somewhere around 2016 was expected by many an economist in India to see its
last within five years. There were two reasons w for that-:
1). At that time the 7.62 ;lakhs crores of this currency
notes in terms of the printing cost was extremely high.With the kind of the
chips used to print it the printing cost had its effect as well as on the
same.There were many a TECHNO-ECONO-FEASABILITY analyst
that said that these currency notes could be say a invited guest at
the most for FIVE years .Surprisingly it reigned for SEVEN
years. No doubt it is said SEVEN-TIMES-SEVEN.
2). These currency notes mostly are used by those community
that indulges in business.where the deals are huge it becomes easy to use these
currency notes to make the matter and the carry simple. Actually most
of these are hoarded for this reason.
From 7.62 lakhs of crores of these currency notes now that
are in the market is about 1.82 lakhs of crores of the currency notes. This
made the Government and the Reserve Bank to study the facts that-:
1). When we are not issuing these notes at all in the Banks
and through the A.T.M, where are the currency notes and with whom are with these.
2). In an order to get back them to the fold of the
Government and the Rewserve Bank, better phase out these notes in a phased
manner so that the entire currency notes comes back to the fold.
Out of the 7.62 lakhs of crores of the Rupees 2000=00 currency
notes circulated, except the 1.82 lakhs of crores of the same denomination, which is in the circulation in the market, of
the remaining currency notes the rest are with the people , ie , the ones who have it with them , or are holding them , and Reserve Bank of India. The R.B.I wants
to get all the currency notes back to its fold to keep a complete check on the
circulation of these.
Now the people are left with two option.The first
1). To slowly push these currency notes to the bank from
where it will come to the hands of the R.B.I and
2). Completely quash off these notes and issue and bring out
the denomination of the smaller currency notes so that the chaos that reins in
the market for exchange stops.
It is more of the Rupe Five, Rupees Ten, Rupees Twenty,
Rupes Fifty and Rupees Hundred denominated currency notes along with the coins
worth Rupe 1=00, Rupee 2=00 Rupee 5=00 are required in thw open market and not
these Rupees 2000=00 currency notes. NOT AT ALL.
The Political
parties And The Hoarders Would Be Affected-::
The recent election at Karnataka saw these currency notes
circulated in a large scale measures. The state election at Chattisgarh,
Rajasthan and Madhya Pradesh not to forgetTELENGANA which is the most HOUDINI-DEVLISH
state when it comes to circulation of these BUGGARD NOTES
could brutalise the other political parties fighting the election.
Thanks to the FAR SIGHTEDNESS of the Prime Minister and the
R.B.I to first INDICE these currency notes and then to RATIONALISE these to
keep a complete check on everything that the nation would see and bear in the
days to come.
Only the HOARDERS and the POLITICAL
parties will CRY and throw the GAUNLETS.We have seen most of
them doing it on the TV show. The comman man would not be brutalized at all.
A GOOD REMEDIAL STEP AGAIN TAKEN BY THE INCUMBENT GOVERNMENT
AND THE R.B.I
That is it
Regards and Thanks
Pics
Shyamal Bhattacharjee
Mr Shyamal Bhattacharjee, the author was born at West Chirimiri Colliery at District Surguja, Chattisgarh on July 6th 1959 He received his early education at Carmel Convent School Bishrampur and later at Christ Church Boys' Higher Secondary School at Jabalpur. He later joined Hislop College at Nagpur and completed his graduation in Science and he also added a degree in B A thereafter. He joined the HITAVADA, a leading dailies of Central India at Nagpur as a Sub-Editor ( Sports ) but gave up to complete his MBA in 1984 He thereafter added a Diploma In Export Management. He has authored FIVE books namely Notable Quotes and Noble Thought published by Pustak Mahal in 2001 Indian Cricket : Faces That Changed It published by Manas Publications in 2009 and Essential Of Office Management published by NBCA, Kolkatta in 2012, GOLDEN QUOTES on Inspiration, Sorrow, Peace and Life, published by B.F.C Publications, Lucknow, and QUOTES:: Evolution and Origin of Management Electives by Clever Fox Publishing, Chennai and From Dhyan To Dhan :: Indian Hockey - Sudden Death Or Extra Time published by Clever Fox Publishing House . He has a experience of about 35 years in Marketing .
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