The Temerity of Tyranny


This was one of my posts on FB last month and it is anybody’s guess what it was about. Whole of last month, our conversations with business leaders have been hyphenated by the ‘D’ word. Every business leader I spoke to supported this ‘bold’ move and praised the PM. But is demonetisation a sustainable government intervention against whatever it is trying to fight? Though I endorsed the decision initially, today, I am not so sure I was right then. I shall reserve my comment on whether the PM would really achieve anything at all against black money or counterfeit currency except some grandstanding. What he certainly looks like achieving is crippling the economy, testing the patience of the common man and breaking the back of Kerala’s cooperative sector.

Having said that, if the PM’s intent was genuine, then he needs to make at least a few more ‘bold’ moves: phase out paper currency and migrate to polymer banknotes; withdraw high denomination notes above Rs. 500; enforce contribution report and annual audit report for political parties, and strongly regulate gold and property market transactions. However, I do not have a clue on how the PM will bring back black money from Swiss banks!!

The monthly issue now in your hands reports on all the events – we had quite a few in November – World Travel Market (WTM), TiECon, CII Health & Wellness Summit and Destination Kerala Business Mixer. Executive Editor Athul Lal was the only Malayali business journalist in London to report from the Kerala Pavilion. (Page 18)

Our cover personality Sunil Kumar has, in a short span of a decade, built Asset Homes into The Responsible Builder – joint venture projects, smart choice of brand ambassadors, die-hard focus on customer service and quality, and sharp business acumen. I met him first when he penned an insightful and incisive Opinion piece on Real Estate Regulation and Development Acts in Destination Kerala. He is all that and more – insightful, incisive and impressive. (Page 26).

We  now have new ministers heading industries and tourism, two portfolios we focus religiously on. Here’s wishing both of them all the very best.