Demonetization of Rs.500 & Rs.1000 note currencies by PM Sh Narendra Modi

For Demonetization

Against Demonetization

1. All counterfeit notes will cease to exist, since these can't be exchanged at banks. 2. With cash deposits over Rs.2.5 lakhs being scrutinized by IT department, disparity in income to tax will attract legal action. 3. Since higher denomination notes are banned, this will lead to lesser black money hoarding since hoarders will have to use larger number of notes, and will therefore attract attention of legal agencies. 4. Terrorist and anti-national elements will see funding sources cut out, with existing higher denominations deemed unfit as legal tender. 5. An effort towards a cashless economy, a precursor to digital payment adoption. 6. Cash-for-votes, unaccounted election expenditures can be capped down since the existing tenders (Rs.500 & Rs.1000) have proved to be unacceptable legally. Especially in note of UP elections.

1. Cash accounts for only 6-7% of black money accumulation, rest is in the form of other assets. Therefore, the effect in curbing black money will be minimal. 2. With a new Rs.2000 denomination being introduced, the chances of black money being circulated are even easier, since the new denomination is twice the value of removed Rs.1000 denomination. 3. Only the urban Indians have means for digital/card payments. Rural India will suffer. 4. For exchanging old notes, bank accounts are mandatory. Majority of rural India, despite JAM efforts, still doesn't have bank accounts.  5. Execution of idea has been poor - several businesses, marriages, hospitalized individuals, etc have suffered because new currency couldn't be replenished at a faster rate.

A rebirth: Shift from satire to current affairs!

Welcome! Or to our old readers (if any of you are still visiting this blog for updates, though we doubt that), welcome back! This blog was initially conceived as a satire resource, meant to make people laugh and take a lighter approach towards burning current issues! For various reasons, prime among them being the laziness to write, fancifully known as writer's block, this blog has remained inactive for close to 5 years!

We are attempting to make a comeback into the blogosphere, by entering a different genre - current affairs. We aim to be different from the crowd - for every news item we cover, we would present to you both sides of the story, so the reader can get multiple perspectives under one article!

In the last 5 years, reading habits - offline & online, have changed dramatically! News consumption has shifted gears towards digital-first mediums! Blogging itself has undergone multiple and renewed avatars through several new digital platforms!

While we at this blog haven't caught up with the latest digital trends in publishing, we hope to make up for it with good content! We aim to keep upcoming articles aligned with our following vision:

1. Present unbiased news, let the reader form his own opinion
2. Present all perspectives under the same article, so the reader doesn't have to navigate multiple articles online for the same.
3. Keep the content short, crisp and concise - bullet point formats to the maximum extent possible!