1. Nobel laureate Amartaya Sen hits out at govt, says demonetisation step shows its ‘authoritarian nature’

Nobel laureate Amartaya Sen hits out at govt, says demonetisation step shows its ‘authoritarian nature’

Nobel laureate and Bharat Ratna Professor Amartya Sen, has questioned the demonetisation step and its impact in the country.

By: | New Delhi | Published: November 26, 2016 2:53 PM
Informing the public suddenly of the decision does not promise anything, he says. (PTI) Informing the public suddenly of the decision does not promise anything, he says. (PTI)

Nobel laureate and Bharat Ratna Professor Amartya Sen, has questioned the demonetisation step and its impact in the country. Sen also said that both the idea and the way it was implemented, was similar to a “despotic action” and showed “authoritarian nature of the government”.

Speaking to ‘The Indian Express’ in an interview, Sen who is Thomas W Lamont University Professor and Professor of Economics and Philosophy at Harvard University said that informing the public suddenly of the decision does not promise anything and is a more complex manifestation of authoritarianism, which is allegedly justified by the government just because some of these notes were held by some corrupt citizens in the form of black money as millions of innocent people across the country are made to suffer due to cash crunch.

When asked whether the measure could cause any good for the country, Amartya Sen sen in most likelihood, this will be as much failure for the government as was it’s earlier promise of bringing black money back into rhe country. He added that those people who were equiped to avoid the the trap of demonetisation are the only those who are seasoned dealers in black money and not common men who are facing hardships. While reacting to the government’s claim that pain would eventually result in gain, the professor made it clear that it was wrong to think that all things that are painful, are good.

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    Bhabesh Mahanta
    Jan 29, 2017 at 11:28 am
    After demonetisation most big transaction happen through banking systems and so be transparent. Will it not lessen corruption? If it is true, Mr Sens will say, ok, it can't remove corruption. Sir, give some concrete reason against demonetisation to common people like us, we will make you PM.You are sitting comfortably in foreign, but what have you done for common Indians?Please don't mislead. Live comfortably and be tolerant to an elected PM.You possess certificates, awards we know. But we don't have meaning in them.You are distancing yourself and your favourite dynasty from people of India.
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    1. P
      P raj
      Nov 27, 2016 at 3:25 pm
      Kindly listen to only god on earth, the only saving grace of world economy.
      Reply
      1. P
        P raj
        Nov 27, 2016 at 3:27 pm
        No big industrialist world was economist. Economist live in fool's world. Getting nobel is a deal
        Reply
        1. T
          Trace
          Nov 26, 2016 at 7:03 pm
          Stupidity at the finest at these comments of the modi bhakts. If one criticises the goverment, they just go full and against that person. These people are blind to reality and only see what they want to see.
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            AK
            Nov 27, 2016 at 4:26 pm
            Am wondering how this guy got an award. more surprised that he should be limiting himself to economics and not politics. bloody mamta's aide
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            1. A
              AK
              Nov 27, 2016 at 4:29 pm
              At least you donot stand a change buddy - others will surely get it. Cheers!
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                ashis
                Nov 27, 2016 at 9:10 am
                Where is Dr. Sen's 1000 cr that he looted from Nalanda University?
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                  Anil Kumar
                  Nov 27, 2016 at 12:38 pm
                  He is a known Cong supporter and BJP baiter I dont give credence to his comments. Also believes and acts as the last word on all subjects under the sun.Acted in a dictatorial high headed and authoritarian manner belittling others on board, as VC of Nalanda university . Our down to earth knowledgeable Ex President Abdul Kalam could not take the insult and resigned forthwith.Noble laureate does not mean what he says is sacrosanct and always correct many other economists of world fame Bhagwati, Gita Gopinath Economist and professor at Harvard presently financial adviser to Kerala Government and others have lauded the bold act. of Mr Modi
                  Reply
                  1. শৌনক বসু
                    Nov 27, 2016 at 8:41 am
                    More than whatever your ilk does.
                    Reply
                    1. Bisweswar Sahu
                      Nov 28, 2016 at 9:14 am
                      I agree on his stand. I dont see any big impact of the pain the nation is reeling under. When I say nation, I mean the villages as per the famous rhetoric "India lives in its villages". When the government is not sure about how to implement and coming up with so many notifications and changes , how can they promise of the "50 day pain only" stand ? I feel this will again help in hiking of case like Vijay Mallya, as banks will now have lots of resources but their customer base will remain the same deafulters. so money of poor into the pockets of culprits....and the worst part is that it will be legal.
                      Reply
                      1. Bisweswar Sahu
                        Nov 28, 2016 at 10:21 am
                        I agree with the stand. I too dont see any real fruitful gain for the pain of the nation. When I say nation, I mostly include the villages that are largely unbanked. I am afraid how this situation can be manited. This may rather lead to a surge in cases like those of Vijay Mallya. The poor's money through the banking system can now be available to the big names in defaulter's list. The worst part is the rich people's aculation of wealth will be through legal means.
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                        1. Bisweswar Sahu
                          Nov 28, 2016 at 9:03 am
                          I also have the same stand. When the government isn't clear of how to implement it, by what logic do they promise about the "only 50 days" ? Also I see nothing that will hinder aculation of black money after 5-6 months at the same level. I feel this as a fiasco to deal with bank's high NPA(s) and strengthen its resources so that they divert it to re-indulge themselves with the same defaulting customers.
                          Reply
                          1. swapnil koyande
                            Nov 29, 2016 at 6:31 am
                            People who are calling economist stupid and using nasty adjectives, have you invested your time in what way Demonetization will works? the sole purpose of this decision was to eradicate the black money as projected by Government and move towards cashless economy. Good intention of Government. India is country where only 2% of transaction done in India are cashless rest 98 percent is in cash. In India there are many people who do not have access to technology or lack infrastructure to Switch to sudden decision or new habit. So Government should have promoted and educate people about cashless Transaction before taking such decision. Taking Decision to punish (or by taking 50% of black income in form of fine and making 50% to white) 5% potion with black money other 95% in country had to face hardship and people are happy because they are giving there effort to make India clean from black Money.Has anyone thought that the sole projected purpose of eradicating black money will be fulfilled? or In future there will be no scope of black money? if people think there will be no creation of black money in future then people are wrong. If again black money is created will government ban some Note and introduce new again and again. Unless we stop dealing in cash there will be creation of black money. People think that only politician and government employees have black money that is wrong. Even common man create black money Many small business who has income of 8 lac and show only 6 lac for I.T. returns here unaccounted 2 lac contribute to Black Money( om example) or you buy vegetable from small vendor and giving your white money how will this be accounted. So if sole Projected purpose is not going to fulfilled with such decision, Why was such decision taken? where some good Tax reform would have Done example BTT Banking Transaction tax or any other good tax reform would have helped to curb to some extent instead of replacing Note.One of the award winning Governor Raghuram Rajan Leaves office new governor (Urjit Patel ) is elected and within short span PM announce 500 and 1000 note a Promissory note by Governor of India is piece of paper (if not exchanged). announcement made by PM shows rather incompetence of Governor or Authoritarian nature of Government.
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                            1. K
                              kishore
                              Nov 29, 2016 at 1:51 pm
                              India must be the only country where people not knowing even e of economics can have self perception of being the biggest economist. Everyone has opinion on everthing. Do we really need degrees in economic to be economist or just being bhakt is enough to know all about economist.
                              Reply
                              1. Sreedhar P Sreedhar
                                Nov 26, 2016 at 10:45 am
                                He is known for his left ideologies. No wonder.
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                                  BhagwatS Goyal
                                  Nov 28, 2016 at 11:10 am
                                  Amartya Sen is a known Modi-baiter and his leftism is pitted against Modi's rightism. That the leftists like him can be so irrational in a blind rage of dislike is really amazing. Instead of providing an economic analysis of demonetization dismissing Modi as an authoritarian smacks of Sen's own academic authoritarianism propelled by an arrogance of recognition.
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                                    Harish Narendrula
                                    Nov 27, 2016 at 9:28 pm
                                    While criticizing Amartyasen, the economist, should have come up with viable solutions to current nations problems, which would have been a healthy criticism What else could keep things in place ?, where 58.4% of Nations wealth is in the hands of 1% of Potion and 80% of wealth of nation in the hands of 10% of Potion?Surgical strike on Currency was inevitable and Modi will definitely gain respect irrespective of the success or failure on his move of demonetization for the guts he has shown to bring remarkable change first time in India, risking his political careerWe shouldn't forget that the black money ders since 60 years have been seriously partnering in diversification of public funds and hence they need to be giving back to nation, hence the surgical strike
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                                    1. H
                                      Harish Narendrula
                                      Nov 27, 2016 at 1:49 am
                                      While criticizing on what's wrong, one should come up with viable solutions to current nations problems. Only then they would be respected but not for the awards they have won. What else could keep things in place where 58.4% of Nations wealth is in the hands of 1% of Potion and 80% of wealth of nation in 10% of Potion?Surgical strike on Currency was inevitable and Modi will definitely gain respect irrespective of the success or failure on his move of demonetization for the first he has shown to bring remarkable change, risking his political career
                                      Reply
                                      1. J
                                        jhon
                                        Nov 27, 2016 at 6:58 am
                                        Dear Pseudo SecularistsPlease, Don' Watch this Video or you will be caught in red handed
                                        Reply
                                        1. Jitendra Yadav
                                          Nov 28, 2016 at 5:45 am
                                          With all due respect I disagree. May I ask Mr. Sen why would a sane person store lakhs and crores of rupees in its most vulnerable form in gunny sacks and not in a bank account? Unless ofcourse its tax evaded or worse obtained through other illicit means. Bear in mind if its all legal than all that needs to be some is schedule an appointment with their bank branch and deposit it, with the promise that it can be later proved to be all "white". The citizens of this country are more than happy to go through that one time pain in their lives, but not let go of this great opportunity to bring parity which was unjustly denied to them. I am very disheatened that you could not see through this as we do.
                                          Reply
                                          1. krishnamoorthi joghee
                                            Nov 27, 2016 at 5:15 pm
                                            Poor is not at all struggling where as corrupt people are using poor for their purpose that is why rush in the bank as always???
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