"Politics is the art of looking for trouble, finding it
everywhere, diagnosing it incorrectly, and applying the wrong remedies."
—Groucho Marx
Voters / Citizens will never know
why decisions get altered while they were sleeping and impending ones get
cleared with effortlessness.
The newest being relief to District Central Cooperative Banks. An article appeared in Hindustan Times which stated “In a move that aims to ease the state’s distressed farm sector, the
Reserve Bank of India (RBI) has allowed district central cooperative banks
(DCCBs) to deposit demonetised currency worth Rs2,772 crore with it by July
20.”
The above move should be
considered under loan waiver schemes / mela sanctioned by Central Government
over and above what various State Governments in India have initiated.
P Chidambaram tweeted at 11.21 p.m.
on 20th June 2017 "Was
the midnight gazette notification perfectly timed with garnering support for
Presidential candidate?".
Former Finance Minister was
hinting at political support that was required for the Presidential candidate
Mr. Ram Nath Kovind.
Astonishingly there was turn of
event on Tuesday 20th June 2017 when Shiv Sena extended support to
National Democratic Alliance candidate Mr. Kovind. This was a day after Shiv Sena was against vote bank
politics.
The (independent) Reserve Bank of India decided that it will allow DCCBs
to deposit demonetized currencies.
Citizens would be interested to
know what is the logic for allowing DCCBs to deposit huge amount with RBI? at
this juncture.
Answer for the abrupt amendment will
be relief to farmers as most of them transact with DCCBs.
Farmer distress was there since
November 2016 and why RBI blocked exchange of the demonetized currencies then?
Will, the independent, RBI explain
whether this decision was:
·
Abrupt or
·
Documentation about deliberation is available
Will there be audit / control to make
certain whether the notes that will be exchanged were deposited during the
window allotted by Reserve Bank of India.
We have to remember “The central bank needs to be able to make policy without short term political concerns.”- Ben Bernanke
References:
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