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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Allahabad HC dismisses petition seeking permission to mount loudspeaker on mosque
Prayagraj, Jan 24 (PTI): The Allahabad High Court on Wednesday dismissed a writ petition seeking direction to the state authorities to permit the mounting of loudspeakers on a Masjid.
The court observed that the religious places were for offering prayers, therefore the use of loudspeakers was not a matter of right.
Dismissing the writ petition filed by Pilibhit-resident Mukhtiyar Ahmad, a two judge-bench, comprising Justice Ashwani Kumar Mishra and Justice Donadi Ramesh, observed, "Religious places are for offering prayers to the divinity and use of loudspeakers cannot be claimed as a matter of right, particularly when often such use of loudspeakers create nuisance for the residents".
At the outset, the state counsel objected to the maintainability of the writ on the grounds that the petitioner was neither a mutawalli, nor did the mosque belong to him.
The court also noted that the petitioner did not have locus to file the writ petition.
The term 'locus' is a legal concept that refers to the right of a person or entity to participate in a legal proceeding or bring a lawsuit.
