A new Indian calendar and an old German one

New year is around the corner and market is flooded with calendars. Indian government   has come out as usual with its official calendar.

The designers of the new ₹2,000 bill — Prime Minister Narendra Modi’s most memorable gift to the Indian economy this year — may not have delivered the most aesthetically pleasing work. But those working on the layout of the official government calendar for 2017 got the brief loud and clear.

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The Indian demonetisation fiasco

More than a month ago, on November 8th, in a nationally televised speech, Indian Prime Minister Modi announced that from that midnight onwards 85% of value of cash in circulation in India will become invalid. The two higher denomination currency notes of Rs 500 and Rs 1000 which were withdrawn from circulation formed the bulk of cash in use. Government gave time till December 30 to exchange or deposit old invalid notes, but put heavy restriction on the amount of withdrawal of new notes from Banks.

The stated reason for such a drastic move was to curb black money, eliminate counterfeit notes and to reduce terrorism.  Looking back after a month it seems the move failed in all counts while putting ordinary people, especially the poor to severe hardships. Moreover it opened new avenues of corruption with involvement of bank and income tax officials.

Most economists were very critical of the move. Here are some excerpts of the criticisms.

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Using tragedy for votes

Nursing professionals hurrying to attend to patients in intensive care unit after a mass casualty were stopped by security personal for thirty minutes.

A group of junior doctors called to attend an emergency were prevented from accessing Lift or stairs to go to the Operation Theater for some time by security personal.

Is this really happening?

Yes, it happened in India after the recent fireworks accident at Kollam, Kerala.

Why were they prevented ?

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