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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Mamata’s allegations on Bengal SIR baseless, exaggerated: BJP's Suvendu
Kolkata (PTI): Leader of the Opposition in the West Bengal Assembly, Suvendu Adhikari, on Sunday termed Chief Minister Mamata Banerjee's allegations over the ongoing SIR in the state as "baseless and exaggerated", and accused her of trying to derail the electoral roll revision exercise for political reasons.
In a post on X, Adhikari also said he has written to Chief Election Commissioner Gyanesh Kumar, and claimed that the Special Intensive Revision (SIR) of the electoral rolls was "exposing the rot in the voter lists - bogus entries, duplicates, and infiltrators that have been nurtured under the TMC's watch for years".
The BJP leader alleged that the SIR exercise was "damaging the TMC's electoral prospects", and that's why the CM was resorting to hysteria".
Banerjee had on Saturday written to the CEC, alleging that the ongoing SIR of electoral rolls has been turned into an exercise to exclude voters rather than correct records.
In her third letter to Kumar since the beginning of SIR, the chief minister accused the Election Commission of "political bias, insensitivity, and high-handedness" during the exercise.
“I would again reiterate that her claims are nothing but a desperate attempt to derail this crucial process, which is exposing the rot in our voter lists - bogus entries, duplicates and infiltrators that have been nurtured under TMC’s watch for years,” Adhikari alleged in the post.
In his letter to the CEC, dated January 10, the leader of the opposition described the chief minister’s objections as a “politically motivated attempt” to obstruct the SIR and termed the ECI’s move as "essential to ensure free, fair and transparent" elections in the state.
"The chief minister’s portrayal of this exercise as ‘unplanned, insensitive and inhuman’ is nothing short of a gross exaggeration, blown out of proportion to create public hysteria and shift focus from her government’s failures," the BJP leader alleged.
He claimed that the SIR exercise had "exposed vulnerabilities in the electoral rolls that threatened the ruling party’s electoral prospects", triggering what he termed “unfounded outbursts” from the state administration.
On December 16, the Election Commission published the draft electoral rolls after the first phase of the SIR, with the electorate dropping from 7.66 crore to 7.08 crore following the deletion of over 58 lakh names.
The second phase, which began on December 27, involves hearings of 1.67 crore electors under scrutiny, including 1.36 crore flagged for logical discrepancies and 31 lakh whose records lack mapping.
The LoP urged the Election Commission to continue the voter list revision exercise with diligence, asserting that the SIR is a routine constitutional process and should not be politicised.
