In the box of 365 or 366 days,so many things come and go, but only the most saddening or the most gladdening things remain engraved in our memory. Like every year, on the last day of the year, we are all going to sit, some in seclusion, some in group, and reminisce what we all actually did. All the news channels would run special prime time program named “Farewell 2016” and make you count all the special events of the year. Let’s feel proud once again by remembering the heroes of this year.
Economy:
As a nation, this was one of the historical years for sure. Something so big happened in the last year that has changed every stratum of the country. From the social, political, and economic end, our country has catapulted into a new force. Needless to say, I am mentioning the master stroke of Mr. Prime Minister that is named “Demonetization”. This one blow from him have changed everything overnight and restored our faith into the government once again. On 8th November, after 5 P.M., Narendra Modi announced that Rs.500 and 1000 notes issued by the RBI would stop functioning after midnight. This government is on a mission to extract the black money from people which are the root cause of corruption in our country. Well, you all know how tsunamic or havoc the effects were. The whole country became digital overnight. Somewhere in the middle of the year, he announced to open zero balance account and also notified gently to submit the taxes in a legitimate way. But we all thought that this is another passing phase and he would forget all these but alas he remembered. Various reviews of this action kept our discussions strong. The biggest blow may have been to the local political parties because these rely heavily on the black money to run their goons and rule. Those people who have kept their money savings in Swiss Bank are truly screwed and the show is quite an entertaining one to watch. It’s like watching Ravan-Vadh in a satirical way.
And from a common man’s perspective, things have changed for betterment. I don’t know if the price of real estate is going to dip or not, but I am just proud to say that I belong to a developed nation.
Finance:
This story is from the January 15, 2017 edition of Business Sphere.
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This story is from the January 15, 2017 edition of Business Sphere.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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