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Friday, July 20, 2018

Withdrawal signs

The RBI’s directive to withdraw, by March 31, all currency notes printed before 2005 is welcome.

Published: January 27, 2014 1:21:56 am

* The RBI’s directive to withdraw, by March 31, all currency notes printed before 2005 is welcome. But this is bad news for those who are sitting on hordes of currency notes printed before 2005. After a certain cut-off date, people will have to furnish proof of identity and address in order to exchange the notes. Perhaps one of the reasons for the RBI’s directive is to flush out black money from hiding. However, it is a routine practice to withdraw old series. For instance, when the Mahatma Gandhi series of notes was issued in 1996, the Ashoka Pillar series was withdrawn. It is also prudent not to have currency notes of several different designs
in circulation at a given point of time.
— C. Koshy John

The spoilers
* This refers to ‘The wave, the waning’ by Ashutosh Varshney (IE, January 24). The writer is right that the AAP’s economic policies are regressive. They hark back to socialist times. They will destroy India’s growth opportunities. The middle class, which looked to the AAP for a brighter tomorrow, is now disillusioned with it. The chances of the AAP being able to win a significant number of Lok Sabha seats are remote. People should be worried the AAP might make it difficult for other parties to form coalitions. A fractured mandate suits the Congress because it appears to have lost all hope of coming back to power. Now they are relying on this new party to stop Narendra Modi’s march to the PMO.
— Abhishek Kousadikar

Target Modi
* This refers to ‘Modi has blood on his hands: Mulayam’ (IE, January 24). This remark was made by Mulayam Singh against the BJP’s prime ministerial candidate Narendra Modi in Varanasi. One fails to see the rationale behind repeatedly targeting Modi for the 2002 Gujarat riots. One wonders why Mulayam has conveniently forgotten the recent Muzaffarnagar riots. It may also be mentioned that the Congress, also using this politically convenient “weapon”, was behind the anti-Sikh riots in 1984. There have been riots elsewhere in the country too. But why is only Modi targeted?
— S.K.Gupta

Spare AAP
* Apropos ‘AAP panchayat rules: Delhi Law Minister Somnath Bharti did no wrong’ (IE, January 24). Bharti’s case is now in the court and the law will take care of it. Arvind Kejriwal is a product of the anti-corruption movement. He has repeatedly asserted that it is not regime but the “system” that needs to be changed. He adopted unconventional ways. His roadside dharna was necessary to keep his commitment of people-friendly governance. He said that he was an anarchist only in response to those who called him one.
— M.C. Joshi

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