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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Mohali schools receive bomb threat emails, Fortis Hospital also mentioned
Chandigarh (PTI): Some schools in Punjab's Mohali received bomb threat emails on Tuesday, which also mentioned Fortis Hospital, prompting police to launch search operation, officials said.
"The bomb threat to schools also mentioned the Fortis Hospital in Mohali, where we conducted anti-sabotage checks. Non-essential services were kept on hold while essential services continued," a senior police official said in Mohali.
He said the police were conducting checks in the schools.
Security had already been strengthened in and around Fortis hospital in Mohali after Chief Minister Bhagwant Mann was admitted there. Chief Minister Mann was re-admitted in the hospital on Monday evening, hours after he was discharged from the health facility. Mann was admitted again after he experienced exhaustion, said sources.
On Wednesday, sixteen private schools in Mohali had received bomb threat emails, triggering evacuation and prompting detailed anti-sabotage checks by police.
However, after detailed inspection, no suspicious or explosive material was found at any of the locations.
The latest scare comes close on the heels of similar threats in Chandigarh, Amritsar, Jalandhar, Patiala and Haryana schools. All threats turned out to be hoaxes.
