TODAY -

A toffee for the coin

S S Yengkokpam *



The State of Manipur with a households of 5,07,152 according to 2011 Census if presume to possess a rupee coin per household then a total of 5,07,152 coins would be lying idle instead of circulating in the markets. There will be many more stashed away in piggy banks, drawers, bags, on the table or under the mattress.

When this unaware collection of coins continues in our homes, the transaction of the rupee coins in the market shrinks. Then we end up getting some toffee, soap, a chocolate or match box instead for the change of Rs.5 from the shop. Same is true for the case of the Rs.1 and Rs.2 denomination coins.

We know that neither the Government of India nor the Reserve Bank of India have notified the withdrawal of the rupee coins from the market. Still there is evidence of its existence elsewhere in the country though it seems to have lost its face from our state.

But we know these denominations still has its face value or else the use of these items for change would be out of question. The absence of the coins from the market need to be carefully looked into as it could affect the economy of the State in the long run.

A modified one-way barter system is functioning in our state, where the customer receive certain kind of items in lieu of the small denominations change. The kind of items differ from shop to shop. At a stationery, you will get pen, pencil or eraser.

A pharmacist would give you vicks tablet, band-aid and soap. You will also get toffees, sachet of shampoo or match box at a grocery shop. But itís not the other way round for the customers as a shopkeeper would not accept these items from the latter.

Receiving these items instead of the change for small denominations, the customers are spending more for a thing he/she didnít intend to purchase. If we ponder deeply, these products are mostly obtained from other states and we are basically transferring more money out of the state than we ought to.

This can also tilt the balance of trade in favour of other states from where the goods are procured. The simple thing when overlooked for a long time, will have a negative impact on the overall economy of the state which is already on the downfall.

As such, the economy of the state is already being played by a few handful of people and there is an increasing disparity in the balance of economic condition of the people. This unchecked transaction can be a barrier to the development of our state.

The state is not among the rich states, but wants to act rich. Same is true for its people. Every individual seems to have lost in their own rich world that they have forgotten the value of the small denominations. It is also pride that stands in their way while asking for the changes of Rs.1 or Rs.2.

Our culture has taught us many worthy things but has missed out the part of respecting the little poor ones. We tend to ignore these small denominations when we buy things but we must remember that those small denominations are the ones to make a hundred. And the irony lies in those people who earn their bread by selling the coins and notes of these denominations.

ďWhere have these coins and notes disappeared?Ē. It seems to be the right question at the moment. Though I have given the hint earlier, the answers will be many but the right one may lose in their consensus. The role of Reserve Bank of India and the state government may also be discussed in this matter.

Have they removed the notes and coins with a reason or a policy under mask? Or have they considered its absence as a matter of irrelevance. We know it has been gone for a while and both the rich and the poor have felt it alike.

The negligence of the absence of the small denominations has cost us more for any item we bought. If the responsible authority hasnít thought of this situation and its aftermath then there is at least one thing we can do to save ourselves from this drain of wealth.

The old habit of collecting coins in every households need to be stopped and the people have to bring those coins out to the market. Or the toffees, soap, a chocolate or match box should be allowed in exchange for Rs.1 or Rs.2 or Rs.5 coins and small denomination notes in our daily transactions in both ways, i.e. buyer to seller and seller to buyer.

This way of transaction can be a temporary measure till the return of the small denominations in our hands. Either way, we will be able to restrict the flow of that extra money out of the state. One more measure to ensure the availability of coins is the installation of coin vending machines by the major banks which are already practice in other states. This would help in safeguarding our economy from unwanted loses.

On the lighter side of the issue, if we are being continuously given toffees in lieu of the small changes, then the people should take extra care for their teeth because too many toffees will harm our teeth and the dental fees are very high. The joke is always on us in the absence of these coins from the market. It is high time, we open our eyes to these small change in our life.


* S S Yengkokpam wrote this article for The Sangai Express
This article was posted on April 14, 2017.


* Comments posted by users in this discussion thread and other parts of this site are opinions of the individuals posting them (whose user ID is displayed alongside) and not the views of e-pao.net. We strongly recommend that users exercise responsibility, sensitivity and caution over language while writing your opinions which will be seen and read by other users. Please read a complete Guideline on using comments on this website.




LATEST IN E-PAO.NET
  • Arambai show #2:: Gallery
  • Curtain Raiser of 'Oorja' :: Gallery
  • New Facebook page (Link) for e-pao
  • Are We Protecting Younger Generation?
  • Unconditional :: Poem
  • Koirengei: From airfield to a historical site
  • Aizawl FC: Winner I-League Football 2017
  • Director General Assam Rifles Visits
  • The Killing Fields :: News Timeline
  • Defeating the spirit of 2003 legislation
  • Shakuhachi meets Pena, Manipur & Japan
  • Rally against Phaknung rape :: Gallery
  • Eyek Tamba :: Learn Manipuri script
  • MIMS (MU) - ManFete #2 :: Gallery
  • Shirui Festival: Where is it heading
  • 2nd Northeast Fiesta at Jalandhar
  • Partnership between science & spirituality
  • Earning our rights and privileges
  • If press is presstitute then how about them
  • CATA Cine Award :: Gallery
  • Ngaineikim, Lamgoulen, Dilimpou :: eMing
  • Tributes paid on Khongjom Day #2:: Gallery
  • Laishram Birendrakumar recieve Padmashri
  • Position of Women in India
  • A forced load on little angels
  • Involvement of Asian Development Bank
  • Politics of power
  • Modi walking on elusive Naga peace: Book
  • 433 recruits from NE join Delhi Police
  • Kei Onba Kom Gi Eshing :: Funga Wari
  • Sculpture at Ukhrul :: Gallery
  • NEROCA FC Vs Delhi United :: Gallery
  • Folk star Mangka goes global with Cla
  • Exploring pet grooming as career
  • The Shattered Visage :: Poem
  • LTC & travellling settlement
  • Workshop: Sustainable Skill Development
  • Indo-Naga Talks 2017 :: News Timeline
  • Create two separate states out of Manipur
  • Northeast set to boost India's global IT
  • A word of caution for the BJP led Govt
  • For a better society, education is a must
  • April 14 : Another chapter of shame
  • 'Nura Pakhang'(Video) @Portugal:: Gallery
  • DIO inaugurated @Kangpokpi :: Gallery
  • 8th MU Annual Sports Meet #2 :: Gallery
  • The Real Purenba :: Folk Tales
  • Is cleanliness drive another publicity stunt
  • Time zone & daylight saving time for NE
  • Khongjom War observed at Delhi
  • A matter need to be pondered
  • Rongmei tribe recognition..withdraws
  • Seniors ask GoI to move peace process
  • People's Day likely from next month
  • Inner Line Permit (ILP) Demand :: Timeline
  • Mr India 2017- Ksh Bhaktakumar :: Gallery
  • MIMS (MU) - ManFete #1 :: Gallery
  • nuja (Nuja) :: Seireng
  • Paper trail of fake encounters in Manipur
  • Food & beverage of Zeliangrong #3
  • Let us switch on the living mode
  • Saying no to non-local appointment
  • Let adopted child knows the truth
  • Purul, Senapati :: 360 View Panorama
  • Play: 'It's a Myth' :: Gallery
  • Floral tributes to PLA 'martyrs' #3:: Gallery
  • Relevance of ecotourism in the real world
  • World Malaria Day: End Malaria for good
  • The Bath :: Poem
  • Peeking through the FA pact
  • Leaking of the secret deal, another trick?
  • Tributes paid on Khongjom Day #1:: Gallery
  • Arm-Wrestling Championship :: Gallery
  • Curses come home to roost
  • Childhood hearing loss/deafness
  • Does India trade deficit with China matter
  • Silent protest against minors gang rape
  • B'pur citizens launch forum for development
  • Yes sir, yes sir syndrome
  • Cheiraoba Thabal @Singjamei:: Gallery
  • TBSFA Veteran Football :: Gallery
  • Saga of Herbert School Hostel
  • Disable for the disable person
  • Manipur : Charting the way forward
  • Uneasy Coexistence :: Poem
  • Assam Rifles Ex-Servicemen Rally
  • Justice Delayed Is Justice Denied
  • Public Relations(PR) Day celebrations
  • Forest authority denies killing tiger
  • Education Minister needs to check
  • Sadar Hills Demand 2011-2017 : Timeline
  • Ethoi Oinam #1 (Actress) :: eRang
  • Angkor Wat , Cambodia #5 :: Gallery
  • Read all about Khongjom Day : History
  • Where Do Manipuris Come From ?
  • WW2 Bridge remain unnoticed by govt
  • I m not born to fulfill parent's dreams
  • 2nd Northeast Fiesta at Jalandhar
  • Filmmaker urged to make socially relevant
  • Bat for more people to people contact
  • Changing trend of journalism
  • Nura Pakhang : Music video
  • Cultural program @Ukhrul #2 :: Gallery
  • puNsi (Punsi) :: Seireng
  • Faith, forgiveness & future
  • Rise of new hopes with BJP in Manipur
  • What is your keyword ?
  • Thanksgiving Function: NE people in Delhi
  • Condemns rape of two school children
  • Govt decision to make hindi compulsory
  • Expectations from the BJP led Govt
  • 6th Kangleipak Kang Trophy #2:: Gallery
  • Floral tributes to PLA 'martyrs' #2:: Gallery
  • Victor Thoudam's It's A Myth :: Synopsis
  • The end of history & Manipur!
  • From Imphal with love
  • License to kill in Manipur
  • Jobs at JCRE Skill Solutions
  • Central Working Committee of TSA
  • Lajong NE Diaries cross 1 Million Views
  • Nagas in Cambodia
  • Addressing VIP culture : No to beacon lights
  • SC judgment to extra-judicial killings
  • Sajibu Cheiraoba @Pune :: Gallery
  • 8th MU Annual Sports Meet #1 :: Gallery
  • Career options after 10 + 2
  • Computerization of land records in Manipur
  • Sajibu Cheiraoba organized at Pune
  • Sattriya Dance: Assam's classical dance
  • Phynyx in Classic Nostalgia at Imphal
  • Beginning of the end of Cong ?
  • Please be serious on road accident
  • Thabal Chongba @Kolkata :: Gallery
  • CM N Biren visit to Ukhrul #2 :: Gallery
  • National Mathematics Day :: Gallery
  • What Ails India's North East? :: Review
  • Commercialization of transgender event
  • Urges Manipur Govt to desist Mapithel dam
  • Mathematics Day at Oriental College
  • Ministers inspect Chandranadi Riverbanks
  • DG IIMC & ADG IIS visit Manipur
  • Manipur duo net London goal
  • Battle of Khongjom : 2 dates for 1 battle
  • Action appreciative, fishy in replacement
  • Governor Trophy Junior Tennis #2 :: Gallery
  • 7th UGC ROP must be Empowering ...
  • Imphal Talkies in my town
  • A new perspective of urban planning
  • The morning dew :: Poem
  • Assam Rifles Ex-servicemen Rally
  • Challenges of heading a coalition Govt
  • Cheirao-chingkaba :: Gallery
  • Tangkhul Dance @Ukhrul #1 :: Gallery
  • 1st People's Day @Jiri :: Gallery
  • Some Canadian Ideas For School Education
  • Manipuri is a classical language
  • NEROCA FC :: Group Photo
  • Dont make it another Publicity stunt
  • Cheiraoba Chak Katpa -Apr 14 :: Gallery
  • Floral tributes to PLA 'martyrs' #1:: Gallery
  • CM Reception @Khwairamband :: Gallery
  • Wanted: Manipur River Protection Force
  • BSNL broadband condition in Tamenglong
  • April Showers - Sketches :: Poem
  • Websites launches on Digital Manipur
  • MHRD-University Ranking: Status of MU
  • Manipuri Sahitya Parishad, Assam met CM
  • Against notice served to Dr. Kamei @JNIMS
  • Manipur Sangai Festival 2016 #4 : Ooba
  • 'Manipur Govinda' (Play) #2 :: Gallery
  • Superstition, oath & ordeal of Koren
  • CM N Biren visit to Ukhrul #1 :: Gallery
  • Shumang Leela Day :: Gallery
  • Yaikhomba Mutum selected at Cambridge
  • Earthern Pottery- Thongjao #1 :: Gallery
  • Trip to Kamjong district :: Gallery
  • Hanubi & Hanuba : Downloadable Folktale
  • Career planning after Class X #2
  • CCMT: MTech Admission at NIT Manipur
  • Thousands welcomed CM in Ukhrul
  • Thoubal Keithel #2 :: Gallery
  • Cheirao-chingkaba [Mar 29] #3 :: Gallery
  • Thabal Chongba @Mysore :: Gallery
  • Nungshiba Khongel @Sylhet :: Gallery
  • Dance movement Takao Kawaguchi's way
  • The man who bridges Manipuri Meiteis...
  • Convention & Nungshiba Khongel at Sylhet
  • Shuri Kaso Phanat (Garlic Fest) :: Gallery
  • Yaoshang Sports #6 (Mar 16) :: Gallery
  • Landslide @Sirarakhong, Ukhrul:: Gallery
  • Meitei Pokpi :: Radio e-pao
  • Arambai Exhibition Show #1:: Gallery
  • Nongmai Kainou Chingsomba #2:: Gallery
  • Cheiraoba Chak Katpa [Mar 29] #2:: Gallery
  • Last rites of Sunder Gopal :: Gallery
  • Manipur raiding Burma (1600 - 1850)
  • Cheirao-chingkaba [Mar 29] #2 :: Gallery
  • Trip to Tamu, Myanmar #1: Gallery
  • Hangmila Shaiza: First Woman MLA
  • Featured Photo for 2017 #1 :: Gallery
  • Maphou Dam :: 360 View Panorama
  • Landscape of Manipur #5: Wallpaper
  • SPONSORED ADS