CASHLESS =
LESS CASH = LESS INDEX =
LESS IDA
Based on the above average the IDA from
January 2017 will be119.5%. There will be a decrease of 0.8% from the existing
rate of 120.3%.The Labour Bureau of India has officially released the All India
Consumer Price Index (AICPI) for the month of November 2016. It
is 277 Points. AICPI for October was 278 Points and for September it
was 277 Points. Three months’ average is 277.33.
Recent action of withdrawal of Rs 500
and Rs 1000 Notes rendered large section of the people cashless. It reduced
their purchasing power. It affected the small scale trade, the markets. In
turn, it affected the price and Index also.
The advisors of Prime Minister deal
with Credit Cards and Smart Cards. They do not know the stark reality in the
villages and small towns and in the ordinary families.
This is the result of a good scheme
implemented without proper planning, without proper preparation and without
understanding the ground reality. Financial experts trained by world Bank or
IMF or US based Institutions do not know what the real India is.
We are moving into a new year…..
….P S
Ramankutty
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