bcad__2042-800x1114

BC to AD, these are terms known to each one of us, being used across the world in the Julian and Gregorian calendars to label or number years for time and date measurement.

Though well known in common parlance, the meaning of the terms are sometimes misunderstood. While BC surely stands for ‘Before Christ’, AD is construed to mean ‘After Death’, whereas the actual meaning ‘Anno Domini’ is a Latin phrase which means ‘in the year of the Lord’. The purpose of the BC/AD dating system was to make the birth of Jesus Christ, the dividing point of world history.

2016 AD would be remembered as the year which witnessed another calendric switch in the lives of the people in our country. November 8th to be precise, when we witnessed the division of Indian history on the basis of another BC/AD

It's only fair to share...
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Read More →
Replies: 2

2000rupee-reuters-940x470

Subsequent to the current demonetisation of the high value currency by the Government of India, the existing currency notes of Rs.500 and Rs.1000 has ceased to be legal tender.

The Prime Minister of the Country in his message to the nation on that fateful night of 8th November, at 8 pm had mentioned that the main reason for withdrawing the currency notes of these denominations was that these high value bills are mostly used in money laundering schemes apart from the glaring truth that the fake currency being routed into the country from our neighbouring country is mostly in these denominations.

However, the announcement by the Prime Minister to introduce new currency notes of denomination of Rs.2000 has raised a plethora of doubts as to how it would help in curbing the hoarding of black money when it logically seems easier for a person to hoard money in higher denomination, requiring lesser space to store.

I conjure a probable perspective for the withdrawal of the Rs.1000 notes and replacing the same with Rs.2000 notes and this is perhaps what my logical reasoning says.

It's only fair to share...
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Read More →
Replies: 0