DEMONETISATION – GARIBON  KI  ZINDAGI  KHATRE  MEIN  NAHI  DALNA Despite tall claims on double digit GDP growth and successful economic reforms, still over 25% population is under BPL & about 45% are functionally illiterate. It is evident that rich is becoming richer and the gap between rich and poor is further widening. It implies that India is growing at the cost of Bharath, which is not a healthy democracy. Poor are vulnerable and susceptible to all sorts of exploitation, more so in under developed and feudal societies. It is clearly evident from the fact that zero balance accounts bulged over night with record banking growth. Over 65000 Crores deposited in 15000 JAN DHAN YOJANA bank accounts in record 15 days time and likely to double/triple by end of December, 2016.  On record its great achievement for Government and claim that the objective of banking with poor is achieved.     GOI committed a strategic mistake by...

INFORMAL MONEY MARKETS –JOURNEY FROM DEBT TO DEATH B Guruva Reddy, B.E ( Agri. Engg ), PGDRM (IRMA) Call money rockets The very recent issue " CALL MONEY RACKETS” and their atrocities including sexual abuses reporting from Vijayawada and surrounding areas are very painful and public shame. Civil society has to bow its head down and think seriously to eradicate these abuses. It has become order of the day for media, political parties, policy makers to keep any issue live 24x7 for few days, take full commercial advantage and forget about it without finding out the causes for the issue and try to find permanent solutions. The call money issue already became causality. Media has to play vital & positive role and give comprehensive picture on the issues, reasons for debit trap, implications, exit strategies, legal support etc rather than seeing it from pure commercial advantage. Police has to look at the issue from larger perspective and ensue that these rackets pr...