We बेईमान Indians
Since the demonetization announced on 8th
of November, 2016 by Prime Minister Modi; I have been hearing lot of stories; some
of them are absolutely true and painful. Prominent among these are the loss of
jobs in small scale industries which has affected laborers. The excuse given by
owners of such kind of industries is that they don’t have cash to pay them. Now
it sounds Absurd; why cash only? Yes, you are hearing it right. It has been ‘Tradition”
in Indian “system” to do transaction in cash only. CHO CHWEET of them.
Now comes the trivia; Do you know 74 % of our economy is in cash? Yes, this is true. Now lacuna behind isn’t difficult to understand. Some of us sometimes argue that if major part of our economy is in cash then why so India is among the fastest growing economies in the world Because Cash transactions are the major source of Indirect taxes which act as buffer for the losses in collection of direct taxes.
Now comes the moot point Why 96 % of us Indians are बेईमान ; But I sometimes put this figure to 99 % because according to Govt data, Only 1 % of Indians PAY Income Tax, rest 3-4 % only file income tax returns with zero income or no profit . This is the Income Tax part which forces us to become बेईमान. We don’t want to share the cash with banks which is estimated at around 14 lakh crore. Why do 99 % of us always rue about our “expectations” from the government. Hypocrites of us?
Actually when Prime Minister announced the demonetization on 8th of Nov; I thought only 30-40 % of cash would be deposited in banks . Now when the figure is touching 14 lakh crores ; I usually laugh it out , Most people are so attached to their Black Money as if it was also their हक-हलाल की कमाई.
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