I am Bankim Biswas and what I write is a lot of bunkum and wishwash. For instance, it’s bumkum that I’m an old 500 Rupee note. Old, yes I am for sure. But let’s make believe that I’m an old 500 rupee note numbered 5BP 6350JJ signed by someone called Governor YV Reddy.
Today, I lie in my final resting place in some obscure vault of the RBI, awaiting my imminent demise in some shredder that will be purchased by deploying my successors i.e. new notes signed by the new Governor Urjit Patel. While I enjoy my last moments of static bliss, I recollect moments of my younger days when I was virtually in a state of perpetual motion. Right from the time of my birth as a scrap of paper and being coloured green and imprinted with Gandhi photos in a minting press, I’ve been in constant motion.
As I am writing this note about Less-cash/Cashless India, the Indian media is reporting the great confidence in Prime minister Modi’s government, and the corporate community is showing high confidence in his leadership. The Prime minister’s office is claiming the reports to be a validation of the acceptance and success of the bold initiative of Prime Minister Modi: the decision on Demonetisation on November 8th, 2016.
Thanks to our soldiers, who are dying on our borders, and to one man who works 26 hours a day without sleeping, you have been pampered and have adopted a sedentary lifestyle. You think you should be able walk into an ATM and walk out with your money in a manner of minutes.
Well, times, they are-a-changin’ and as somebody who knows a thing or two about doing totally unnecessary things for hours on end, I thought I should use my experience and pen a guide to Endurance Cashathons, and successfully Standing them.
June – July, 2017
As demonetisation and its consequences hit news headlines in India again last week, we thought the time was ripe to bring you an issue focussed on the topic. This issue explores various perspectives on different aspects of the note ban – the background, the implementation process, the long-term impact, the possibility of going cashless etc. We have a variety of articles to suit every mood – knowledgeable thought pieces and informed views for when you’ve got your thinking cap on, to humorous ones in a lighter vein that will have you laughing out loud.
In a move which took the country by surprise, the government demonetised currency notes of denominations Rs.500 and Rs. 1000 with immediate effect from the midnight of Nov 8, 2016. This step has been variously praised and pilloried. Politicians took predictable stands and economists are divided on its merits. Parliament was paralysed and the media hyperventilated extensively on it.