Demonetization most Viable Model for Endurable Development – Anil Bhokil
Moodbidri: Social activist and the member of the Pune-based Artha Kranthi Sansthan, Anil Bhokil, said, “there is a colossal difference between progressive development and sustainable development. If you want to achieve something prodigious follow the system which stabilises the economy. Hence, demonetization is the most viable model in the line of endurable development”.
He was speaking as a guest speaker on the ‘After effects of demonetization’, organised by Alva’s Education Foundation, Rostrum, Speakers’ Club, on Tuesday, March 21 at the AIET Auditorium, Mijar.
‘Demonetization is a very good tool to arrest black money and was implemented with a very good intention to make India free of the parallel black economy and black money’, he said. Social welfare, social security and empowered India can be visualised with effective governance. And effective governance comes with bold decisions. Poverty alleviation, tracking the footprints of transactions, avoiding black money and tax evasion are the fruits of demonetization. He added and said, demonetization is not an event, it is a continuous process. Stating black money as unaccountable, and corruption as untraceable, he said e-monetization is the substantial solution for existing problems. He lamented over the disconnection between source and resources. Equating hard cash as a commodity and cashless transaction as a medium, he explained the adversities of possessing commodity. Withdrawal of existing taxation system except customs duties would yield better results in blocking corruption and black money. Answering a query about the GST bill, he said GST is not practically suitable for a country like India, hence it is necessary to make a proper review of the decision. He elaborately explained the proposal of ArthaKranthi suggestions for the transition phase.
Presiding over the function, Alva’s Education Foundation Trustee Vivek Alva, gave a clarion call to students be game changers with a positive perspective towards nation building activities.
Artha Kranthi member Mahesh Hegde, Rostrum Speakers’ and Club Coordinator Deepak Raj were present among others.
The decision to demonetise will cause grievous injury to the honest Indian who earns wages in cash. The dishonest black money hoarder will get away with a mere rap on the knuckles It is said that “money is an idea that inspires confidence”. At the stroke of the midnight hour, on November 9, 2016, the confidence of more than a billion Indians was destroyed. Prime Minister Narendra Modi had declared that more than 85 per cent of the value of money held in notes of Rs.500 and Rs.1,000 was worthless overnight. In one impetuous decision, the Prime Minister has shattered… Read more »