A look into PM Narendra Modi's initiative through Pichaikaaran's view

PUBLISHED DATE : 09/Nov/2016

A look into PM Narendra Modi's initiative through Pichaikaaran's view

A look into PM Narendra Modi's initiative through Pichaikaaran's view

Director Sasi's release of the year, Pichaikaaran might have received mixed response from the critics, but his minute and a half narrative (from the movie) of how a ban against 500 and 1000 rupee notes could help curb the system of 'black money' in India, is what seems to have paved way for the country's most earth-shattering movement. Here are few striking resemblances between what was said in the movie and Prime Minister Narendra Modi's take on his big decision:


In the movie, when asked as to how to eradicate poverty, the beggar aka the common man says,

"The only way to do that is to ban 500 and 1000 rupee notes in the country"


What the PM Said:

"To break the grip of corruption and black money, we have decided that the five hundred rupee and thousand rupee currency notes presently in use will no longer be legal tender..."


When asked how the decision would help, The movie says

"Most of the money is laundered by non-tax payers and such money is hoarded in denominations of 500 and 1000. So to ban those would mean to ban the entire corrupt system"


What the PM said :

"The magnitude of cash in circulation is directly linked to the level of corruption. Inflation becomes worse through the deployment of cash earned in corrupt ways...It has a direct effect on the purchasing power of the poor and the middle class.. High circulation of cash also strengthens the hawala trade which is directly connected to black money and illegal trade in weapons."


When asked for a further detailed explanation on the topic, the movie says :


"Big amounts in denominations as big as 1000s and 500s can be stored even in a small suitcase. Smaller denominations would need bigger storage space which in turn would subject it to thefts, IT and police raids. Gold and Real Estate investment option would be ruled out because of the fluctuating rates and property snatching practice. Therefore the only option left would be banks which requires you to declare your income and subjects you to payment of taxes."


What the PM Said :

"The five hundred and thousand rupee notes hoarded by anti-national and anti-social elements will become just worthless pieces of paper... This step will strengthen the hands of the common man in the fight against corruption, black money and fake currency...."


A leaf well taken.

Watch the video from Pichaikkaran here

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