Demonetisation is what Richard Thaler had long supported. However, he remarked "Really? Damn," when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 notes thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.
When Prime Minister Narendra Modi decided to scrape Rs 500 and Rs 1,000 notes last November, Nobel Prize winner Richard Thaler supported demonetization describing it as a policy that he had long supported.
Dr. Richard Thaler, a Professor of Economics and Behavioural Science at the University of Chicago won the Nobel Prize in Economic Sciences on 9th October.
Did Richard Thaler really support demonetization in the way BJP took it? There is more to the story than what meets the eye.
As soon as Thaler was declared the Nobel Prize winner, members of the Bharatiya Janata Party (BJP) started sharing Thaler’s tweet regarding demonetization on social media affirming that the move which was severely criticised by the members of the opposition was actually supported by a Nobel Prize winner. The BJP IT cell head Amit Malviya retweeted the old tweet within a fraction of a second.
However, Richard Thaler remarked “Really? Damn,” when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 note thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.
It was not only the BJP supporters but also a large number of BJP leaders who were flowed away with incomplete picture depicted by Malviya and tweeted about it. This included Union Minister Giriraj Singh, former BJP IT Cell Head Arvind Gupta, and many others.
Soon after, twitterati realized that the full picture of Thaler’s statement on demonetization was rather hidden.
Prime Minister Modi declared that the motivation behind scrapping Rs 500 and Rs 1,000 notes was to promote cashless economy and reduce corruption. This decision was severely criticised by different sections of the society putting on Modi the ultimate responsibility for heralding economic deceleration. Demonetisation pulled down India’s GDP growth rate to a mere 6.1% in 2016-17.
Some highlighted that the introduction of Rs 2000 note was an ephemeral panacea for remonetization and that its printing has been terminated.
-Prepared by Mohima Haque of NewsGram, Twitter: mohimahaque26
Hurling anti-left maneuver during Janaraksha Yatra Kerala, Indian BJP National President Amit Shah launched serious allegation against the ruling CPM government for triggering political violence and imputed to Chief Minister Pinarayi Vijayan the culpability for the mass killings of party workers in the state.
The BJP Chief traced back the origin of violence-centric politics in ”God’s Own Country” to the inception of the Communist regime. “Left always paralyses the state it rules. West Bengal and Tripura witnessed similar political vehemence under the CPM government”, elucidated the President.
Criticizing the Human Rights Activists of the nation, Amit Shah pointed out that they are very selective when it comes to what they support. “You turn your eyes away when our workers die. Why is there no march in Delhi? Violence has no color. More than 120 workers of the BJP have succumbed due to political violence so far. What was their fault? They were working for the betterment of Kerala”, complained the BJP Chief.
Acclaiming BJP’s ideology enthusiastically, Shah called upon the people to join as workers. Addressing the gathering at ‘Janaraksha Yatra Kerala’, the President added that family members of the deceased have stood by the BJP and he wouldn’t let the martyrdom of the workers go waste.
Amit Shah inaugurated the ‘Janaraksha Yatra Kerala’ at Payyannur to protest against alleged killings of party workers. The “padayatra” was led by the party’s State President Kummanam Rajashekhharan.
The National President of BJP attributed the diminishing power of the CPM to their increasing reliance on political violence. Apart from CPM, the once dominating Congress is also losing momentum thereby giving BJP the opportunity to flourish with their ideology. “More the mud of violence, more the lotus will bloom” added Shah.
The BJP Chief assured his party workers and volunteers that BJP would fight the war with CPM until emerging victorious. Shah declared, “We must all unite against the rule of the Left Government.”
Shortly after the launching of the yatra, three BJP workers adorning the National Highway 66 were ambushed by anonymous men on Monday. During his address, Shah alleged that the assailants were CPM cadres who have also destroyed BJP flags in the area.
Meanwhile, Uttar Pradesh Chief Minister Yogi Adityanath is ready to augment the saffron stand with his visit to Kerala on Wednesday. As per the report of Times Now, Adityanath will basically be in the Muslim-dominated district of Mallapuram.
Varanasi, Sep 23: Prime Minister Narendra Modi, on Saturday, said that the BJP did not believe in vote bank politics as the country was above party politics. This is his second day of the visit to his parliamentary constituency in Varanasi.
Modi told a gathering that he had launched a major war against corruption and the corrupt to ease the life of the common man. He also said cleanliness was worship for him as it could rid the poor of various diseases and a lot of economic burdens.
“Governance for us is not about votes or winning elections. The priority is the development of the nation. For us, the country is bigger than party,” he said, in his address to farmers in Shahanshahpur on the outskirts of Varanasi.
He said most of the problems faced by the common people in India were rooted in corruption.
“I have launched a war against it and will take it further to ensure that graft is weeded out from the country.”(IANS)