TODAY -

The dreamt merchant
- Imphal Times Editorial :: December 25 2018 -



Unexpected and often unwanted things keep happening here in the state of Manipur more than at any other states of the country.

The impact of Demonetization killed thousands in many parts of the country while the very exercise transformed many into untouchables and made many more millionaires overnight.

The Government of India under the leadership of Narendra Daodardas Modi announced demonetization all of a sudden on 8 November 2016 of all Rs. 500 and Rs. 1000 banknotes of the Mahatma Gandhi Series.

It also announced the issuance of new Rs. 500 and Rs. 2000 banknotes in exchange for the demonetised banknotes.

The government claimed that the action would curtail the shadow economy and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism.

His expressed intention was to distribute the black money recovered to the poor people of the country.

What is heartbreaking is that the Prime Ministerís aspiration to make every citizen of the country rich is never likely to become a reality.

But demonetization brought good fortune for some exceptional people in the state.

There are talks doing the round in the town that due to the demonetization some small micro finance runners who took risks became millionaires overnight and it was due to the many privileged class people who have plenty of black money contributed to the success of the micro finance bankers.

Unlike in other state, the demonetization is perhaps a blessing for the state.

It raised a group of capitalist class people who provided employment opportunity to hundreds of jobless people.

Even as it is against the socialist ideology, it did serve some people who are searching for job.

The agenda of Right Wing ideologue is revealed even as it has always been working under the shadow of the Socialist ideology.

It is not a simple and baseless criticism when this newspaper states that a neo capitalist class has been born of demonetization but an open secret which happened in front of our eyes.

The only thing is that Indian legal system is very complicated that sometimes a wrong becomes right due to loopholes to prove that it was wrong.

Perhaps it may be not due to loopholes in the Indian law but lack of sincerity and commitment to prove that it was wrong among the legal practitioners or worse still, a deliberate obstruction/destruction of evidences to support proof of the crimes.

Well good things are always good. Everybody needs to encourage those who are successful in becoming employers.

But what about the many hundreds of people who had uncountable amount of black money which makes things possible for some exceptional people?

So far, there hasnít been any investigation into how a person have so much money beyond his known sources of income before the demonetization and how such individuals deposited huge amounts to the micro finance business establishments instead of depositing it to the banks.

Why has the government agency still not looking into this matter?

While success needs to be appreciated and encouraged, the government machineries who are authorized and entrusted to keep a check and balance on such things need to put their acts together and place their responsibilities before the perks privileges of their profession if any semblance of financial order is to be maintained in the society failing which the whole system runs the risk of falling prey and giving in to corruption, black marketeering, extortions and blackmails becoming a daily affair.

Strict vigilance and swift corrective measures supported by stern legal actions will prove to be a big deterrent for anyone indulging in public money for their own greedy and selfish end.



* 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
  • Rev William Pettigrew & Modern Education
  • Cheirao-chingkaba #3 : Gallery
  • Old-Kuki group by Linguistic Survey in 1904
  • A constellation of Five :: Poem
  • A free stopover at Amsterdam
  • Standing in queue for exam form at MU
  • Questions on the ceasefire coverage
  • Paoki Paddy Festival @Purul #1: Gallery
  • Status of Naga-Kuki relation in Manipur #2
  • There is no 3rd option between true & false
  • Global Warming- Climate change & effect
  • Summertime Blues :: Poem
  • Inner Line Permit (ILP) Demand :: Timeline
  • Blocked heart valve treated without surgery
  • Reality of Education system in Manipur
  • Laichombam Sapana @ JNMDA : Gallery
  • Chingkhei Nganba, Amom :: eMing
  • Rise & Fall of Cachari Kingdom #1
  • Modi once again- Reading Election result
  • Function of Nampou of Zeliangrongs #1
  • Job Openings at Raj Medicity
  • Tatmadaw initiate forced labour on Chin
  • State BJP : Set to look beyond 2022
  • Return of Modi-Shah combo
  • Zhaoshomai, indigenous religion of Liiyai
  • Fashion by Kumarjit Laishram #2 : Gallery
  • Dams as a death trap in Manipur
  • Raju Bista (Kangpoki) is MP of Darjeeling
  • Sufferings from trust deficit
  • Bamboo charcoal.. for bamboo flowering
  • The NAMO, Amit Shah magic
  • A take on India's Act East Policy
  • Pakhangba Cheng-hongba #1 : Gallery
  • Better Selfie with Smarter Technology
  • Repeal AFSPA enacted on 22 May 1958
  • Cry of a Dying River - 77 :: Poem
  • Biodiversity : Why humanity should care ?
  • Research Officer at Amethyst Research
  • The Terrace Open Mic - II : Report
  • NPF exposed in public domain : NDPP
  • End of the largest democratic exercise
  • Stop faking and face the facts
  • Future Hindu Culture of Meitei is magificient
  • International Day of Biodiversity 2019
  • The Trunk that life of a Soldier moves on
  • MCS/MPS through lottery ? :: WJ
  • Job Vacancies at Leima Traders
  • Naga Peace Process :: News Timeline
  • 'Double standard' politics of NPF :: NDPP
  • Exit polls : Not the final verdict
  • Poll result prediction
  • Mary storms into semis
  • Glory Days of Manipur in the 18th Century
  • Alternate Rationality: Its Possibility : Book
  • Does burning of school reflect larger malady
  • RIST Talk 39 : Year of Periodic Table
  • Manipur : A woman's world
  • Paramedical courses as career options
  • Revoke suspension for NPF Office Bearers
  • Class X results : Best in 10 years
  • The wrath of Mother Nature
  • Poumai Purul Paoki Fest : Gallery
  • AEgi KoHcY :: Seireng
  • The Tamna Tamna Video: Critical Analysis
  • 'NDPP's child like attitude for meddling'
  • Rejoinder to NDPP by NPF President
  • Amazing beauty benefits of coconut oil
  • Urge Nagaland govt to review security
  • Pull out threat from the NPF
  • Myanmar launches ops on NE militants
  • Myanmar jails 24 from Assam, Manipur
  • 2019 HSLC Exam Toppers :: Gallery
  • HSLC Toppers share thoughts, aspirations
  • CFP on 'Photoacoustics' at IEEE TENCON
  • Arrival of Fall Armyworm in Manipur
  • Youth and Contemporary Issues #4
  • No Escape from Real World :: Poem
  • Civil & Structural Engineer at R-Square
  • Architectural Designer at R-Square DCS
  • 'NPF Manipur is directionless leadership'
  • HSLC :: Top 25 Rank Holders
  • HSLC :: Subject Topper
  • HSLC :: Statistical Abstract
  • HSLC :: Full Roll No Listing
  • HSLC :: Compartmental
  • Dairies of 2 Tours in Naga Hills : Book
  • Kohima Press Club (KPC) elects new team
  • Manipur : The unsung fashion capital
  • Brain Stimulation for Parkinson disease
  • 2nd Foundation Day of NDPP
  • Changing face of the North East
  • 129th Birth Anniversary of Ho Chi Minh
  • Understanding performance of Govt school
  • Amazing Folk-tales of Koireng Tribe
  • Fashion by Kumarjit Laishram #1 : Gallery
  • Cry of a Dying River - 76 :: Poem
  • Plastic Pollution & its effect
  • Significance of Nurses Week celebration
  • Legal Assistance to Prisoners' Family
  • Talk on 'Alliance - Biblical Perspective'
  • Shorthand/Stenography Typing Course
  • Fissures with a coalition partner
  • 4 plus 4 is always equal to 8
  • Mukna Kangjei Tournament : Gallery
  • Socio-cultural significance of Gudui-Ngai
  • Diesel auto vs Traffic control :: Artwork
  • Future of Moreh: Development partnership..
  • An alarming stay in a hotel
  • Naga Students Delhi Admission help Desk
  • Need to focus on the average students too
  • The politics of rumours
  • Phayeng Koubru Haraoba #4 : Gallery
  • ELVEEGO : Top 10 Promising Companies
  • Myanmar Refugee Problem : Report
  • Mother :: Poem
  • Minerva Punjab FC to conduct trials
  • Represent the people, not only party
  • When vegetables slowly poison us?
  • Hr Sec Exam 2019 Toppers #2: Gallery
  • Featured Front Page Photo 2019 #2: Gallery
  • Dear Mother :: Poem
  • Youth and Contemporary Issues #3
  • Why are Govt schools lagging behind ?
  • Career option in Veterinary Science
  • Saluting Mothers of the world
  • Will Sharmila have a Third Life ?
  • NE for efforts to address illegal influx
  • Rs 10 coins not acceptable in Manipur!
  • Agri Fair @ CAU #2 : Gallery
  • Khomlen Manglanda - A Play #2 : Gallery
  • AMWJU new terms 2019-2021
  • Run for Raisina Hill
  • Happy Mother's Day
  • Mother's Day
  • Aspiration in Medical Career
  • MPSC : Wallowing in dirt
  • Why the 1st Bird Sanctuary in Thinungei
  • Purnima Moirangthem : 5th in Commerce
  • Respect for a mother
  • Academic excellence is not everything
  • Indo-Naga & other peace talks #6
  • A Dwarfish Whole :: Poem
  • Takayasu Arteritis treated at SKY Hospital
  • Mercury rise: Is it common men fault
  • Ajit Ningthouja :: eRang Photos
  • Had not there been ILPS agitation ? : Story
  • Dance & folk songs of natives of NE #2
  • BJP for NE Community Campaign in Delhi
  • Serou dam-Atypical structure in Chakpi river
  • Benefits of automation in medical laboratory
  • Civil Servant from Matupi hospitalized...
  • Madness on the roads of Imphal
  • Root of peoples' anger to doctors
  • Jiribam Bazaar :: 360 Panorama View
  • Eyek Tamba :: Learn Manipuri script
  • Cry of a Dying River - 75 :: Poem
  • What Yoga is & is not ?
  • Rio at General Conference of NSF
  • Make right choice in selecting your campus
  • Suspension Order for 19 NPF Members
  • Festival of marks and more marks
  • ..no worry on condition of Govt Schools
  • Thailand Princess @Kangla #2 :: Gallery
  • Kadigampou, Akeng :: eMing
  • Ningombam Tampha :: 3rd in ISC Exam
  • Our Grammy goes to Thangmeiso Shinglai
  • Call for application from youths
  • Life is not about how far you hang on
  • NERIST admission notice : PG & PhD
  • Seminar at MU : Material Engineering
  • Class XII : Looking beyond Imphal
  • Understanding Consumers' rights
  • HSE : Candidates securing Highest Marks
  • HSE 2019 : Science Stream Result
  • HSE 2019 : Arts Stream Result
  • HSE 2019 : Commerce Stream Result
  • HSE 2019 Toppers : Science
  • HSE 2019 Toppers : Arts
  • HSE 2019 Toppers : Commerce
  • HSE 2019 : Result Abstract
  • HSE 2019 : District Wise
  • Solid waste management in Imphal
  • Naga Ancestral Freedom Movement
  • My franchise for Mom's Primary
  • Bamboo based industries in Manipur
  • Is sugar ageing you
  • Competition among schools
  • Will modification help in solving traffic chaos
  • Cheiraoba Chak Katpa #2 :: Gallery
  • MANFETE 2019 at MU :: Gallery
  • Dance & folk songs of natives of NE #1
  • Indo-Naga & other peace talks #5
  • Ibudhou Oknarel & Khudithibi
  • May Calendar for Year 2019 :: Tools
  • Andro Girls won Doon Cup :: Gallery
  • Tributes on Khongjom Day #2 :: Gallery
  • M Diana: National Women Social Award
  • Handloom show : Robert Naorem & Soma
  • Urmila Shagolsem: Miss India 2019 Finalist
  • Thang Ta @Sangai Fest #5 :: Gallery
  • Indo-Naga & other peace talks #4
  • Yaoshang Halankar #2 :: Gallery
  • Significance of festival: Nanu-Ngai
  • Onetwo Okram - Singer #1 :: eRang
  • Tributes on Khongjom Day #1 :: Gallery
  • Shajibu Cheiraoba @ Pune : Gallery
  • Romita Yumnam : Mrs India Queen
  • Meekap Thokpa Numit #2 : Gallery
  • Tributes to PLA killed #2 : Gallery
  • A talk with Ajit Ningthouja :: eRang
  • LS : Voting for Inner : Gallery
  • Ibendhou Kounu Haraoba #2: Gallery
  • The Killing Fields 2013-18 : News Timeline
  • Sajibu Cheiraoba at Mysore #2: Gallery
  • Voting (PC) @ Kangpokpi #3: Gallery
  • Mittong Khunou: The Battle Honour of INA
  • Thabal Chongba @Khurai : Gallery
  • Manipuri Calendar for 2019 : Download
  • List of Restricted Holidays for 2019
  • List of Public Holidays for 2019
  • List of General Holidays for 2019
  • SPONSORED ADS