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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Delhi LG 'praises' CM Atishi, calls her 'thousand times better than her predecessor' Kejriwal
New Delhi, Nov 22: In a left-handed compliment to Delhi Chief Minister Atishi, Lieutenant Governor V K Saxena on Friday said she is "a thousand times better" than her predecessor Arvind Kejriwal.
At the seventh convocation ceremony of the Indira Gandhi Delhi Technical University for Women here, Saxena said, "I am happy today that Delhi's CM is a woman, and I can confidently say that she is a thousand times better than her predecessor."
While making the comment, he took a glance at Atishi who also addressed the students.
The AAP and BJP have been at loggerheads over a range of issues, including governance and control of bureaucracy. Kejriwal tendered his resignation in September and said he would seek a "certificate of honesty" from the public in light of the corruption charges he faced. Atishi succeeded him as the chief minister.
Last year, Saxena ignored the AAP government's request to allow Atishi, who was then the education minister to hoist the national flag at the state-level Independence Day event.
A row brewed over the issue with the Aam Aadmi Party lashing out at Saxena after the General Administration Department refused to implement Minister Gopal Rai's direction to let Atishi hoist the tricolour in place of former then Chief Minister Arvind Kejriwal who was in the jail in the excise policy scam.
In his speech, Saxena told the students, "As you move ahead, you have four guiding stars. First is your responsibility towards yourself, the second is your responsibility towards your parents and family while the third responsibility is towards the society and nation-building."
"The fourth responsibility is to prove yourself as women who have broken the glass ceiling of gender and stand on par with others in all fields," he said.
Kejriwal had proposed Atishi's name as the chief minister at a meeting of the legislature party and it was unanimously accepted.
When she took charge of the office, Atishi kept an empty chair besides hers for Kejriwal.
Addressing at the event, Atishi reflected on the progress made in the education sector under the AAP government.
"Education is the key to development. Take the example of the US, Canada, or the UK. They provided free education and schooling, and that is why they are developed countries today."
"Ten years ago, when we formed the government here, we saw the same dream. Since then, we have been spending 25 percent of our education budget on improving the sector," she said.
