Monday 28 November 2016

Demonetisation – the facts



The move, if it will meet the objectives of curbing corruption, counterfeit currencies and black money as spelt out by Prime Minister, is to be seen in the coming months. Many feel the real impact of demonetization .........

A lot has been said and written about demonetization. This is the third demonetization of higher currency undertaken by the Indian authorities, if we include the one done just before independence in 1946. The move by the government to ban Rs 500 and 1000 notes has been praised and criticized. In elected democracies major economic decisions have a political dimension. No politician would willingly risk growth, commerce and jobs if he did not know there would be political gains at the end of the tunnel. Whether it is a 2% GDP growth loss, a deceleration is unavoidable.

Many say, it’s a brave move by the government; majority agree, the intent is good but the implementation has been adhoc and shoddy. But the fact is, it has crippled the nation. There are long queues in front of banks and a reduction in trade and business. It is bound to impact on the GDP of the country. It is very rare to remove 86 per cent of the currency in one go. The logistics of such an operation is mammoth one. The government has been accused of being reactive to the situation with adhoc decisions. The withdrawal of Rs 500 and Rs 1000 notes has created havoc for families with marriages and other ceremonies scheduled, has also hit business and trade. There is a slowdown in the manufacturing industry, small scale units and unorganized sectors have been hit hard. The rural economy too has been crippled.

The benefits if any of demonization, only time will tell. The only short term benefits of it would result in people shifting towards the use of debit cards and digital transactions in the urban areas. In rural areas, illiterate farmers may be exploited as they are only used to cash transactions, and very few number of banks in remote areas are accessible to them. The real estate will definitely be affected by demonetization exercise, as traditionally seen a very high involvement of black money and cash transactions.

Whatever the misgivings about the long term impact on the economy, no one can predict what is likely to unfold. We will have to wait and watch. But one major factor will undoubtedly remain as a legacy of this unprecedented move is the return of the government in our lives in an irritatingly permanent way. The role of the authorities in our lives is bound to go up substantially. The fear being, somebody is watching. 

The move, if it will meet the objectives of curbing corruption, counterfeit currencies and black money as spelt out by Prime Minister, is to be seen in the coming months. Many feel the real impact of demonetization will be felt in about six months time affecting agriculture, small scale industry and the unorganized sector. And also trade, business and commerce in general. It is still too early to accurately gauge the depth of the shakeup this has caused. Demonetisation may whiten the economy, but for now it has blackened the mood!

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Picture Post:

Mahuli Temple, Shiroda, Maharastra
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Wednesday 2 November 2016

12 Superstitions around the world



- Contributed by Salil Naik


Indians are superstitious and many still believe in a lot of superstitions, be they living in the big metropolitan cities and more so in small towns and villages. It’s not just Indians, but all over the world, people are superstitious and believe in superstitions. These superstitions have been passed on from generations. The new generation with modern education, different outlook and beliefs tend to ignore these superstitions, but many a times they too believe in it.

Every country has its traditions and stories. Among them are superstitions, which influence culture more than you think. Some are good practices, such as not opening an umbrella indoors, or like in India its considered bad to cut nails after sunset, while others make little sense, like spitting when a black cat crosses your path or crossing your fingers while walking past or under a ladder or like in India its inauspicious if a cat crosses your path.  Although people claim to be less superstitious these days, the rituals haven’t completely gone away.


Here are 12 of the more bizarre ones from all over the world that are still prevalent.

Brazilians do not leave bags on the floor -
Leaving your bag on the floor is considered very bad luck in Brazil. It is believed that if you let your bag or wallet hit the ground, you will lose money.


The French step on poop -
In France, it is believed that stepping on dog poop with your left foot will bring you luck, while stepping on poop with your right foot will bring misfortune. Perhaps, this is why it is not a widely practiced custom for the French to pick up after their dogs.


Koreans never sleep with fans in a closed room -
In South Korea, locals believe that sleeping in a closed room with a fan running will kill you. This phenomenon is called Fan Death and has even lead to electric fans being made with shut-off timers.




Egyptians fear and revere scissors -
In Egypt, it’s considered bad luck to open and close scissors without cutting something. It is even worse luck if you leave them open. Conversely, they do believe scissors bring some good as there is also a popular belief that scissors kept under a pillow can cure a person of nightmares.


Rwandan women avoid goat meat -
In Rwanda, there is a widespread belief that eating goats’ meat causes you to grow a beard and women are traditionally discouraged.


Vermont homes have slanted windows -
You’ll find that many farmhouses built in the 19th century in New England and specifically Vermont, have slanted windows. It was commonly believed that witches would not be able to fly on their brooms into your home if the window was built at an angle.


Chinese avoid the number 4 -
In China, the number 4 is widely feared due to its similar pronunciation of the word for death. This number and numbers in combination with it (14, 24, 34 etc.) are considered so unlucky they are not used in addresses, phone numbers and building floors.



Vietnamese students skip bananas -
In Vietnam students hoping to excel at school avoid eating bananas. In Vietnamese, the words for "slip" and "fail" are similar and because bananas are associated with slipperiness and students look for other healthy snacks.


The Japanese hide their stomachs during thunderstorms -
Japanese children are told to cover or hide their stomachs during thunderstorms. It is believed that if you do not take care of this, the god of thunder, Raijin, will come after you and try to eat your belly button.


Touch red in Greece
The Greek equivalent of jinx is called piase kokkino which means "touch red". Whenever two people say the same thing at the same time, they need to say piase kokkino and touch something red.


The Turkish worry about nightfall -
In Turkey, there are several activities avoided at night because of superstition. Gum is not chewed as it is believed you are actually chewing the flesh of the dead. Whistling is also avoided because it might call the devil. Nails are not cut as it might shorten your life, and sweeping is avoided because it is believed to cause poverty.


The Swedes jump over manholes -
In Sweden, you might encounter pedestrians wary of walking over manholes. The country’s manhole covers are marked with either “K”, representing fresh water and love or “A” representing sewage and broken love. Some Swedes believe that your romantic fortune is determined by which manhole covers you step over.








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Picture Post:
Velankani Church, Tamil Nadu, India.
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