Wednesday 9 November 2016

It still pays to be honest!

Last evening, when our Prime Minister Mr Modi announced that 500 and 1000 rupee notes will no longer be legal tender, my first reaction was "At last...". I have always believed that election funding and the underlying corruption are responsible for all the ills of our times. It may appear as a sweeping statement. But, if we stop to ponder for a moment, we would realize this is indeed true. Increasing cost of fighting elections and lack of transparency in election expenditure breeds corruption and black money transactions/hoarding, both before and after the elections. Corruption at higher levels seeps down and today it has become a way of life. Common man is now prepared to accept that one needs to pay a bribe to get ordinary work done in our system, even if it is our entitlement! In this scenario, honest citizens feel very badly let down.

Abolition of  500 and 1000 rupee notes by our Government is a shot in the arms for the honest, law abiding citizens. As our Finance Minister Mr Arun Jaitley said "It still pays to be honest". Kudos to Mr Modi, it is a bold and decisive move aimed at rooting out the evils of corruption, black money and counterfeit notes. Even as the Government is taking steps to make the transition smooth, it is inevitable that we face some inconvenience in the interim. It is indeed a small price to pay, considering the long term benefit to our country. So, let's happily participate in this great endeavor and do our bit in making history. Jai Hind!

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