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The flagship revolutionary initiative of prime minister Narendra Modi last November called demonetization have gone into rough weather as the recently revealed results are not that satisfactory as they really were expected to be.

The way our prime minister during last November while declaring demonetization guaranteed the huge unearthing of the clandestinely stored black money in lakhs of crores, after the RBI’s revelation not the minutest percent of it has been recovered whereas about three hundred or more people have died while standing in queues of the banks under scorching sun to get their hard earned money exchanged for hours together even being hit several times by the police lathis. There was literal chaos all over the country as eighty-five percent of the currency comprising of 500 and 1000 denomination notes were declared illegal overnight resulting in over crowding in banks and closure of lakhs of small scale industries for want of new currency thus millions of workers becoming unemployed who finally headed for their respective hometowns.

Now the government says that about 99% of the demonetized money to the tune of Rs 15.28 had been deposited in various banks of the country till 30th June, the dead line fixed by the government. According to author Vivek Kaul it means that ninety-nine % of the black money instead of being burnt had been deposited in banks through various agents employed by these black money hoarders. But this is equally not true.

The fact of the matter is about 14/15 lakh crore currency that came into banks in total during the demonetization phase was actually the entire 86 percent of the circulated currency that was re-deposited by the people into the banks for the sake of exchange of the old currency including the five hundred and one thousand denomination notes. It wasn’t actually the black money. If at all black money has been deposited it was of negligible or of small proportion. The majority of the black money was used to purchase lands, houses, mansions, building and other assets.

In nutshell the 99% of the recovered money the government is talking about is not the black money but the actual money that was in circulation. Mr. Kaul says that as far as detecting the counterfeit currency is concerned, nothing much seems to have happened on this front as well. Data from the RBI annual reports indicate that a total number of fake 500 rupees notes (old series) and 1000 Rupees notes detected between April 2016 and March 2017 were 573,891. The total number of notes withdrawn stood at 24.02bn which means that as a proportion the counterfeit notes identified between April 2016 n March 2017 represent close to 0% of the withdrawn notes. Adds Mr. Vivek Kaul, in the previous year the total number of counterfeit 500 and 1000 rupees notes detected stood at 404,794 and this has happened without demonetization.

Conclusively it can be said that this huge demonetization effort that made people stand for days together outside ATMs and banks and led to so many deaths resulted in the closure of lakhs of small scale units and generated unemployment has not at all come true to the expectation of the peoples’ wishes who believed in the honest intentions of our policy makers at the helm and thought that not only will it result in capturing a huge quantum of black money but will also open doors for the economic future of the nation. But did it really happen is a moot point and rather a question ? Even today several hundred corporate houses and industrialists are on the government’s list of massive borrowers and defaulters of the government’s money to the tune of lakhs of crores and have not returned the same back to the government despite so much of hue and cry in the media. It is believed that if this borrowed money of the tax payers is actually returned back with penalties by these erring corporate houses and industrialists half of the problem of India’s unemployment would be resolved. Demonetization have been out rightly opposed by the economists of the country as according to them it would lead the nation into tremendous complexities and bottlenecks than prosperity as was being expected by those at the helm.

Sunil Negi

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FAIITA AND PCAIT’S, CHANNEL VISTAS – 2018 EVENT WAS GREATLY INSTRUMENTAL IN PROMOTING I.T. BUSINESS SYNERGY AND GROWTH

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The Progressive Channels Association of Information Technology aka PCAIT with the support of Federation of All India Associations of Information Technology, (FAIITA) organised a prestigious event titled as CHANNEL VISTAS – 2018 at Hotel Crown Plaza, Okhla, New Delhi on 5th of May, attended by IT business champions, OEMs’ doing sizeable businesses, traders, system integrators and vendors from all over the country including Delhi.

In all about 150 important members of FAIITA and PCAIT participated in this national business conclave convened with the sole aim of IT business networking amongst the state champions, sizeable IT business partners, system integrators and vendors in order to give impetus to business growth and enhance the quality and quantity of IT business all over the country.

The first session of the conclave was devoted to FAIITA which was inaugurated by the welcome speech of its president Mr. Champak Lal Gurjar from Mumbai where as the second session dedicated to PCAIT was inaugurated by the lightening of the lamp and the welcome speech of the PCAIT president Alok Gupta followed by the speech of its general secretary Saket Kapoor.

The morning session was most ably and eloquently compered by Mr. Saket Kapoor who worked as an integrator between the FAIITA and PCAIT members participating actively in the business matchmaking giving and seeking support for the IT products in order to enhance the business volumes and earn handsome profits through mutual support and exchange of services n products in the near future.

The post lunch session with discussion on the subject titled as ” ENHANCEMENT OF BUSINESS PROSPECTS AMONGST THE MEMBERS, ” started at 2.30 PM.

This live session effectively moderated jointly by Saket Kapoor and Vivek Sharma with the active participation of the FAIITA as well as the PCAIT members from Delhi, Haryana, UP, Noida, Chandigarh, Punjab, Siliguri, North East, Tamilnadu, Hydrabad, Bihar, Jallundhar, Bengal and Pondicherry was extremely fruitful and succeful as the participating members were able to positively interact and establish business tie ups including exchanging cards for the generation of IT business amongst themselves.

All the members interestingly participated in discussions and aired their views emphatically to promote their business prospects through mutual trust and linkages in the near future.

The FAIITA president Champak Lal Gurjar, PCAIT president Alok Gupta and general secretary Saket Kapoor emphasised the need for organising such Conclaves and get togethers in various states of the country in every three months so as to ensure time bound revival of their activities and business initiatives thus achieving the aim of enhacing their IT business prospects to 25% more from the current level and also to reslove their problems if any.

The speakers at the event expressed the dire need to broadbase the organisation FAIITA, natiinally, in order to make it more effective, strong and answerable by way of generating funds through various means like : organising exhibitions in collaboration with TAITRA, involving FAIITA in arbitration and dispute settlements of the IT business partners whose large sums of money get stuck due to non payments in the government departments or with other private forums, certification of all the members of various state IT organisations in FAIITA against a consolidated one time fee and publishing of sovenier to generate funds at the national level and highlighting of the activities and achievements of FAIITA and various state IT bodies as well.

A press conference was also addressed jointly by PCAIT president ALOK GUPTA, FAIITA PRESIDENT CHAMPAKLAL GURJAR and GENERAL SECRETARY SAKET KAPOOR who ably responded to the various queries of the IT media pertaining to the problems in the IT sector, challenges being confronted by them and the achievements of FAIITA and PCAIT since their coming into existence.

About 7 tables of various IT traders and companies like Protegent, Atlanta, Armstrack, Chota Internet, Green tech, Parts Baba, Modi infosil, Its Solutions and four stalls prestigious IT products like Lenovo, HP, Dell, Acer, Dlink etc were also put installed on this ocassion to showcase their products.

About 15 minutes each were allocated to Lenovo, HP, Dell, D link, and Acer as speaking slots and to give presentation of their company and its products to the audience.

Other than Champak Lal Gurjar, Alok Gupta and Saket Kapoor, those who spoke on the ocassion were PCAIT’s Vice President Sandeep Arya, treasurer PK Sharma, EC member Sewak Nautiyal and representatives and business champions from Bihar, Punjab, Tamilnadu, Pondicherry, Jallundhar , Chandigarh and Delhi. The vote of thanks were conveyed by Mr. PK Sharma, MD Comnet Vision, India. The event organised by PCAIT was a grand success, indeed.

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PCAIT’S NATIONAL BUSINESS CONCLAVE on 5 MAY, 2018

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The information technology sector is extremely significant from the point of view of the economic and industrial development of the country, generating good number of jobs n inviting foreign investment as well and thus contributing remarkably to the nation’s over all progress and prosperity. In a nutshell, the IT industry definitely plays a very significant and vital role in strengthening the country’s economy and leading to immense technological progress of the nation within and outside.

As a sequel to fulfil these important objectives, further to demonetisation, GST and the finance budget 2018 of Government of India including (with) an objective to grow the businesses of its members through best channel practices, the PROGRESSIVE CHANNELS ASSOCIATION INFORMATION TECHNOLOGY aka PCAIT with the support of the Federation of All India All India Information Technology Associations( FAIITA) is organising a prestigious event, A NATIONAL BUSINESS CONCLAVE ,” CHANNEL VISTAS,” at Hotel Crown Plaza on 5th May to be attented by 250 credible IT business owners, honchos and leaders from across the country, ranging from retailers to system integraters to regional distributors. Primarily, its the FAIITA EVENT hosted by PCAIT.

It’s an event of IT business owners and leaders to match make and synerzise at national level for outstansing business growth.

It may be recalled that the Progressive Channels Association of Information Technology (PCAIT) is an association of credible IT channel partners conducting a little over 80% of IT business in the Indian capital of Delhi.

PCAIT is to IT channel business as NASSCOM is a software business and is a founder member of Federation of All India Information Technology Associations aka FAIITA, representing business interests of over 30,000 pan India channel partners.

Feeling a dire need to cystallize the immense human and material resources of the IT industry, particularly a channel of national and global benefit , a group of 15 enthusiastic persons heading various organisations came forth in May 2004 to give birth to PCAIT which got registered in March 2005 as a society.

The Association comprises of a vast pool capable persons possesing outstanding managerial, technical and entrepreneur skills who are also highly qualified, ambitious and successful in each of his or her domain.

The president of PCAIT is Mr. Alok Gupta, MD, Unistal Systems and general Secretary is Mr. Saket Kapoor. The excecutive council of this IT body consists of 16 persons, all from the Information Technology sector.

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Gairsain proved boon for Uttarakhand lawmakers, became richer by 100% salary hike with perks

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The budget session of the current government headed by the chief minister Trivendra Singh Rawat in Gairsain’s new assembly secretariat though convened to assuage the heightened and soared tempers of the Gairsain movement activists, has really not been able to satisfy and cajole the furious movement activists who not only protested at the venue most acrimoniously but also courted arrests everyday, raising anti establishment and pro Gairsain capital slogans.

The soaring tempers of thousands of people having converged at the new Vidhan Sabha demanding Gairsain to be declared as the permanent capital, with women in large numbers fighting with the police force to let them move forward towards the assembly building unambiguously exhibited the situation of the nineties when the Uttarakhand movement was at its peak.

The myriad amount of media coverage given to the movement for Gairsain has while lessoned the coverage of the assembly’s budget session, it has also on the other hand helped in boosting the morale of the Gairsain protagonists.

Political analysts say that by giving no significance to the issue of Gairsain capital during the entire budget session the BJP government of the state has further earned the wrath, annoyance and disenchantment of the common masses at large.

The complete success of the Gaisain bandh earlier and the Pauri Garhwal bandh of today has clearly shown the peoples’ antagonism towards the incumbent government on the issue of Gairsain capital.

What is more shocking and anguishing is the fact that instead of applying balm or grease on the wounds of the Gairsain andolankaries by raising the issue of Gairsain in the assembly, the BJP government of the state had preferred to pass a bill on 100 % increase in the salary of the lawmakers and the speaker of Uttarakhand thus adding fuel to fire to the Gairsain episode.

On the one hand thousands of unemployed youths were demonstrating at the state capital Dehradun demanding jobs and facing police blows on the other hand the lawmakers were busy enhancing their salaries and perks to the tune of 120%. Sounds ironical indeed.

The state running in a fiscal deficit of 44000 crores with budget of equal amount released in Gairsain assembly, the furious and highly antagonised people of the state are questioning the arbitrary salary hike of the lawmakers saying that the government of the day seems to be more concerned and worried for the welfare of its MLAs and ministers than the people of grass roots of rural Uttarakhand, reeling under abject poverty and no credible source of income to survive. What do you say friends?
SUNIL NEGI

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