Many of us as professionals have experienced that WHAT IS BEING TAUGHT IN CLASS ROOM IS OFTEN AT GREAT VARIANCE TO WHAT IS BEING PRACTICED ON GROUND AT WORKPLACE.
Why does it happen so? I am sure all of of us would be able to find valid reasons for that.
Secondly, Many a times even experts have strong mind sets/rigid ideas. For eg a Railway Board Chairman said that India does not need Rajdhani exp like fast trains, Indian Railways cater for poor people so it must have only Slow moving trains. Today we have Many Super fast trains running. Why go so far, even when Metro Delhi was conceptualised the experts were of the opinion that it would be a failure because it would cater only for elite class.
So, I am at loss Why some one doesn’t tell Raghu Rajan that In principle as an Academician he is right But an Administrator has to find a Solution to a complex Problem of BLACK MONEY in India.
When you(RAJAN) as an academcian are looking at only one side of the Problem(Monetary Policy), the Govt has to look at the same problem in its many dimensions. The Govt has to find a solution as to ;
ONE, HOW BLACK MONEY IS NOT GENERATED THROUGH SHELL COMPANIES.
TWO, HOW BLACKMONEY HOARDERS ARE PUNISHED FOR THEIR CRIME. BECAUSE IF THAT IS NOT DONE THEY WILL CONTINUE TO FIND LOOP HOLES AND GO ON ACCUMULATING BLACK MONEY WITHOUT FEAR.
THREE, HOW BLACKMONEY IS NOT REINVESTED IN THE SYSTEM THROUGH MAURITIUS, SINGAPORE ROUTES.
FOUR, HOW BLACK MONEY DEPOSITED OUTSIDE COUNTRY CAN BE IDENTIFIED AND DETAILS OF ACCOUNT HOLDERS IS OBTAINNED.
FIVE, HOW BLACKMONEY HOARDERS ARE MADE UNABLE TO BUY BENAMI PROPERTY.
SIX, HOW BENAMI PROPERTY HOLDERS CAN BE PUNISHED.
SEVEN, HOW ECONOMY CAN BE MADE CASHLESS.
EIGHT, AND CAN IT BE MADE CASHLESS UNLESS ALL THE BLACKMONEY IS ACCOUNTED FOR.
NINE, HOW THE BLACK MONEY ROLE IN ELECTIONS CAN BE MINIMISED AS FAR AS POSSIBLE.
I may not be an Economist But I do understand ADMINISTRATION and sometimes feel that IT IS A THANKLESS JOB.
The Subject experts are WORSHIPPED AND THEIR OPINIONS ARE HONOURED whereas the ADMINISTRATORS’ who have to find solutions and Deliver THEIR VIEWS ARE BELITTLED.
If anyone has the time and interest would find that the Govt has taken a series of steps covering all aspects of BLACK MONEY and found a reasonable solution to all the Issues right from SERIAL ONE TO NINE through ;
BENAMI PRORTY ACT,
RERA(REAL ESTATE REGULATORY AUTHORITY).
BLOCKING INVESTMENTS FROM MAURITIUS AND SINGAPORE.
AGREEMENT WITH SWITZERLAND TO SHARE DETAILS OF ACCOUNT HOLDERS.