Wednesday, 28 December 2016

Money Transaction and changeovers

Some of the years pass by are indistinguishable from those passed by, but 2016 differs from them. We are now at the edge of 2016 and are waiting to invade into 2017. Every year faces many incidents. However, this year 2016 has witnessed many major incidents and thus gained importance to be an historical year.

Especially in Tamil Nadu, the most regretful incident is the demise of our Honorable Chief Minister Selvi J Jayalalithaa on December 5, 2016. It was a big and uncompensated loss to our state, Tamil Nadu as well as the entire Indian National politics. 

While considering the year 2016, it has also made big turning points worldwide. There are many to state. One among them to say, as we all know the presidential election was conducted in the United States recently. The overall statistical analysis stated the confirmed the major victory of one of the competing person. However, the survey results were completely ruled out. A notable businessman, American politician and television personality took over the Presidents chair. Donald John Trump is the President-elect of the United States.

The surveys, pollsters, election forecasters almost uniformly missed Donald Trump’s stunning victory. Considering this, we say they are just some time passing materials for the public since their mood, logic, analysis and sensitivity keep on the go.

Peoples thoughts and actions can only be captured by them. It can’t be judged by anyone on a timely basis. One among this is the revolution bought in India. The announcement of demonetization of RS 500 and Rs 1,000 banknotes. Our Prime Minister Narendra Modi appeared in television on 8 November, 2016 and declared this demonetization. The Entire nation was alarmed and stuck. Earlier, the demonetization was mistakenly understood by the people saying the higher denominations were a piece of paper from the next day.

But our PM Narendra Modi’s declaration said that the 500 and 1000 rupee note can no longer be used, but its value is still retained. That is, he fixed time for people to exchange the higher denomination rupee into the legal tender notes. However, rumors and wrong information created chaos among people. But the social media and financial advisors helped people to discover the truth and overcome from all the confusions.

The multi millionaires and the black money corrupts were tightened to this situation and didn’t know the proceedings to convert their black into white. However, the lower and middle class public were disturbed, stressed by standing in long queues at ATM’s and bank premises. The Government’s goal was to eradicate black money, stop tax bypassing and promote a cashless economy. Surprisingly, the crowd understood that this decision for our Republic India during this time was substantial and the inconvenience they were paying is worth it.

Indians are strong and intelligent people and are sturdy to face any of this adverse condition with hopes and strong desire to make them favorable. We understood that this setback is good for our National development. Our people day by day are changing to digital. That’s India, our country. Hope we see our entire country digitized very soon.

Wishing you all great health, wealth and prosperity. May all your expectations and goals be fulfilled. I sincerely ask every one of you to help and care for others as much as you can. Happy New Year 2017 wishes to each and every one of you.

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