Your frown costs Rs.600 Million. Stop that frown….

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It takes a frown to loose 600 million Rupees!

22 June 2014 052554 GMT+0530

It was an uptown journey in the city service. You were sitting two seats affront of me. I didn’t notice you at first.

The bus-conductor came from the rear end of the bus. I handed a 10 Rupee note and two 50 Paise coins as I knew the ticket for my journey costs Rs. 11. The conductor took the same with a frown. I thought my hair as happens at times was not combed for the whole day and ran fingers across. Any how he gave me the ticket and went ahead.

After few minutes when an argument started, I noticed you, being in the centre of it. There was a Big frown on your face. From your talks I came to know that you were on a journey worth ticket Rs. 9 and you were least happy with the two 50 paise coins which you got as the change from conductor. Your face said, he has put something rotten in your hands. The conductor was trying to convince you that 50 paise was still in circulation and from the distance gave a frowned look at me again. Ah! my hair style was not that messed as I thought and it was the 50 paise coin I gave, in the centre of the mess! Sorry that I didn’t reach you then.

With all those frowns at me, my mind was set on a wild trip. The few frowns I saw, turned into thousands, millions and billion plus in no time. We the billion+ Indians. All frowning at the humble “Aat Ana” (50 paise)!

You know, people of my generation used to be proud to have an “Aat Ana” in pocket, 25 years back. Then one 5 paise coin could fulfill some of our childhood wishes, like a candy of the favourite flavour, an ice stick from the street vendor etc. ….. Back to the billion plus frowns. Along with this, the thoughts of a recently read news from the Times of India, titled “End of the road for 50-paisa coins?“, my mind escalated a macro scale of economics. I began with the sweetener of my childhood, the most humble, squarely shaped 5 paise. They are no more a part of our economy, but are part of the history, rather forgotten history. They received the unpleasant frown long back and were recalled from the economy. Though by now obsolete, I did an arithematic on the bargaining power of the so humble 5 paise on the macro scale of economies. I considered a bargain of just one 5 paise on just one essential amenity, a kilogram rice or 1 kilogram sugar or 1 kilogram onion etc. For 1.2 billion of us, it will compound to Rs. 60 million! Definitely, we had been missing much bigger bargains when we killed the 10 paise, the 20 paise and then 25 with our frowns…. Now by the time we kill the 50 paise, with our repeated frowns, we stand to lose Rs. 600 million for just one basic deal, a kilogram rice or 1 kilogram sugar or 1 kilogram onion ….. !

22 June 2014 053528 GMT+0530

These figures aside, it should be interesting to know how long it will take for our frowns to turn to the next candidate, Re.1! In a time span of 30 years we have brought down the denomination of Re.1, Rs. 2, 5, 10, 20, 50 ….. to that of Paise 10 , 20, 50 ….. What a “neck breaking” pace of growth!

Shall I prove that literally it happened so!

I was on a vacation, at my village in Kerala. One day just to feel the air of the nearby town, I got into an uptown bus. I felt so amused by the latest ticket fare. It took me on a time travel, 25-30 years into the past. Now the ticket costs me Rs.9/- and got 1 Re. return for the Rs.10 I paid. Back in the mid of 1980s, during my school days, the ticket used to cost 90 Paise and used to get 10 paise return when I pay 1 Re. In less than 30 years Re.1 has devalued to 10 Paise, literally. Yes! There are no more 10/20/25 Paise around! IT IS SURPRISING THAT THE POOR GOVERNMENT IS JOINING HANDS  IN BARBARIC HUNT AGAINST OUR OWN CURRENCY.

RIP

What I can do is hold that frown against the humble 50 paise coin and accept it with a smile. Each smile, smiled on each occasion, accumulates to Rs. 600 million time and again. AND APPEAL TO SAVE AND RETAIN THE PRIDE OF OUR Re.1, BY SOME HOW RECALLING IT HUMBLE COUSINS TILL THE DENOMINATION OF 10 Paise INTO OUR ECONOMY.

SPREAD THIS MESSAGE, SPREAD THE PRIDE OF OUR CURRENCY.

22 June 2014 052817 GMT+0530

The Journey Of Indian Coins….! Only last one row will be surviving…. but for how long at this pace of destruction!!

Journey Of Indian Coins...........!
Journey Of Indian Coins………..!

Courtesy: Salini Jayaprakash > Sakaal News paper.

jit

jitfactor@gmail.com

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14 thoughts on “Your frown costs Rs.600 Million. Stop that frown….

  1. Very well written Jith…!! Creates a better reflection of Indian economical change and your effort to reduce frown…!!

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    1. Thanks Richard,

      I always wondered about your light heart in that huge frame…. 🙂 Your comment is big hearted, creates the same air as when we used to meet in the DC.

      We all feel something is missing in this whole story of economic change and growth. If we are growing, I think less and less money should buy more and more value. Some misleadings might be rooted to ourselves like our own frowns 😦

      Let us see how far our smiles reach…. 🙂

      Please +Follow my blog…. Share it….

      Connect and Like….

      http://www.facebook.com/jitfactor/

      jit

      Like

    1. Thanks Praneeth,

      Your comment felt like a reward of 600 million Rupees! Your intention to circulate the factor itself has boosted my confidence sky high.

      If you can Connect to, Like and Share the following page it will be a privilege to my mission – Financial Freedom. It is a continual part of the JITFACTOR.

      https://www.facebook.com/jitfactor

      600 million thanks…. 🙂

      jit

      Like

  2. The article is good letting me walk down my own memory lane of childhood. In one of the article i read the old coins which won’t be accepted in the market when melted will yield multiple times more value then what it was!
    Good efforts Srijith, wonderful you got the pictures of these coins. Just as we have family photos we have the family photos of the coins.
    Guess everything comes to existence with an extinction date. But sincere efforts like yours will surely prolong the ageing process.
    All the Best! 🙂

    Liked by 1 person

    1. Thanks Vinay,

      First of all for gifting me the 50 Paise coin you got, the very next day!

      The first line of your comment deserves special thanks as it assured me that I’m good in writing. I could create the FEEL with my writing!

      Rest of your comment is really thought provoking. It deserves a blog itself as a reply! Let me take some time for it…. Request you to +Follow (Locate at Bottom Right on blog) JITFACTOR….

      A humble request to promote JITFACTOR among the “Art of Living” pals. Trust me it is just a social initiative with the theme FINANCIAL FREEDOM….

      Many many thanks,

      jit

      Like

  3. Hi Srijith,
    Very good attempt to bring a change.
    These days its a bit difficult to find 1 rupee coin and mostly we get 2 rupee coins.
    Would love to know if anybody else observed this.
    May be we are trying to get rid off rupee coin much before 2020.
    I would like to end this by saying …..
    ‘Change we need’
    Both as a person and in are pockets… 🙂

    Like

    1. Thanks Man,

      I simply loved your comment, Vijay…. The intensity of pain you felt upon the death of coins, is not any less than mine. Your way of expressing it is simply awesome. I would recommend you to start Pressing @ wordpress.com at some point or other…. 🙂

      My Press is a small social initiative. A spotlight on our character which fuels inflation….

      Pl promote this initiative…. I am taking the freedom of posting this blog on your FB Timeline.

      Pl +Follow my blog as there are some more interesting topics in my mind…. in the pipeline…. To be Pressed…. 🙂

      Again thanks a ton Vijay, you are an inspiration.

      jit

      Like

  4. Hi Srijith,

    First of all I would like to congratulate you for choosing this topic!!!..The fact which you open up in this blog was really shocking in one way.
    I guess everyone has the nostalgic about the coins like 5,10, 20, 25 paisa and its very hard to realize that all was history now.

    Moreover your writing flow is appreciable by mixing the childhood memories and I will wait for more interesting topic like this.

    All the very best for your great effort 🙂

    Deepu

    Like

    1. Thanks Swati!
      A humble mission to save our money system.

      Imagine someone rejecting a Re.1 coin from you saying that it is no more in use, in this nation! At this pace of demonetization, it will be a surprise if Re.1 survive beyond 2020.

      Share this message!

      jit

      Like

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