Do you know what Narayan Murthy says about demonetisation?
Kolkata: Describing himself as "not an expert on economics", Infosys co-founder and India's IT industry doyen N R Narayana Murthy on Wednesday said he could not understand the logic behind the Narendra Modi government's note ban move in November 2016, particularly when it remonetised the monetary system with same or even higher denomination currency notes.
He, however, felt the demonetisation move was largely welcomed by rural people but not by the urban intellectual.
"Though I am not expert, but as a lay person I saw that when, for some reason, old notes were demonetised, the government introduced new notes pretty quickly of the same denomination and even of higher denomination. Only an expert can answer why this happened. I cannot understand... you should talk to experts," Murthy said at an interactive session with the students of Presidency University here.
Murthy further said, "I am not an expert in economics but I saw that urban intellectuals did not buy the idea of demonetisation, but a majority of rural Indians seemed to have welcomed it."
Emphasising on striking a balance between automation and human beings, he said: "We can take a decision...we will not follow automation up to certain level of our manufacture or services."
Murthy also stressed upon the transformation of culture and mindset of people of India before the economic transformation.
"There is a need for cultural transformation and that is more important than economic transformation. Unless there is cultural and mindset transformation, economic transformation cannot take place," he said.
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2 men dragged for 300 metres by truck in Agra; locals save their lives
Agra, Dec 23: A truck driver dragged two people for about 300 metres in Agra under his vehicle, police on Monday said.
Some locals forced the driver to stop the truck and extricated the men from under the vehicle.
Police arrested the driver and seized the truck.
The two men, both residents of Nunhai in Agra, were going towards Rambagh from Waterworks when they met with an accident around 11 pm Sunday.
The driver, instead of stopping the truck sped up, trapping both of them underneath, police said.
"In the accident, two youths were dragged by a canter driver for about 300 metres. Later, some residents saved the youths by stopping the driver using force," Chhatta Police Station Inspector Pramod Kumar told PTI.
"The youths were sent for treatment at a nearby hospital and are still being treated, but are in stable condition. The youths were from Agra. The canter driver was arrested and the canter seized after the incident," he said.
A video of the incident that surfaced on social media showed the men shouting for help.
The video was purported to have been shot by a person passing by on a two-wheeler.
“पिछली पोस्ट में वीडियो में युवकों को मोटर साइकल सहित ट्रक वाला कई मीटर तक घसीटता हुआ ले जाता गया देखा था,
— Umashankar Singh उमाशंकर सिंह (@umashankarsingh) December 23, 2024
अब जनता द्वारा उस ट्रक ड्राइवर की ठुकाई पिटाई का समारोह देखिए।”#Agra@madanjournalist
pic.twitter.com/Qh5ncyWtEa
HORRIFYING!
— Sanjay Kishore (@saintkishore) December 23, 2024
In Agra, a truck driver dragged two men for 300 meters. Locals intervened, stopping the truck and saving the men. Both are stable but continue receiving treatment. The driver has been arrested and the truck seized.
pic.twitter.com/1ply5wemfX
