This refers to your thought-provoking article “Why demonetization will not eliminate corruption” (KO- Nov 20). One would find that our country is not any more or less corrupt than any other society. But we are certainly more hypocritical. I would like to point out that if corrupt practices become the way of life, society degenerates and political stability is endangered. One would find that our society has become extremely corrupt and we cannot hope to wipe out corruption completely but we can at least minimize it.
Unaccounted wealth is a black mark on our society. Modi’s master stroke of demonetisation will eliminate the counterfeit notes in circulation and bring black money-holders under the scanner to a large extent. It will also help us move towards a cashless economy. Nevertheless, the demonetisation measure gives a valuable message that the common people need to be well-versed in non-cash transactions.
It is a positive measure that will help in wiping out black money and fake currency, curbing terror funding. Black money is used to fund political parties, nourish real estate businesses and keep the coffers of private schools and hospitals awash with cash. The quantum of black money was so enormous that it had created a parallel economy, making monetary policy ineffective.
Demonetisation remains a testament to the idea that progress can happen only when people cooperate. Today the need of the hour is that the citizens must be better informed about their rights so the officials cannot pretend to have powers they do not possess. Thus when a people in power indulge, in corruption so unabashedly, the common man gets a kind of sanction. I would only say that we should be honest and our conduct and character should be of distinguishing mark, if this is done, then it is not difficult to end corruption at the levels of life. But, I fail to understand, Can we do this?