The Demonetization of 500 and 1000 Rupee Notes in India and Its Effects

Last week, the Prime Minister of India, in a historical turn of events, announced that the 500 and 1000 rupee notes, would no longer be valid for use. This demonetization took effect from that very Tuesday and was seen by many as the most radical economic reform, of the BJP government in a speech by the Prime Minister the very same evening. Once the decision became public, all the social networking sites were abuzz with everyone, expressing their views of the kind of change this would usher into the society. While there were a select few, who believed this was just a way to fan away the public’s attention from major issues, by putting their financial status into jeopardy; most of the public heavily supported this move, both on social media and print media. The idea behind this decision, was the pressing need of removal of corruption in the society. By giving no prior notice, the government was instrumental in striking the proverbial iron, right when it was the hottest. 

While there were plans, already in action for the redressal of any problems the general public would face, this move is bound to have some real impact on the economy of the country. Statistics state that India has a black market economy, which is valued over Rs.30 lakh crore, which makes up to 20% of the country’s total GDP. This move was primarily aimed at eradication of all the black money that existed, hence giving a prior notice would have been useless as the black money would have been circulated elsewhere in that time. Now, the situation is such that those who possess black money are left with two options, either to declare it as their income, or to burn the illegal stash. If they so declare their money, there would be a lot of investigations which would then result in them, having to pay about 60% tax and additional penalty on the same, if it is found to be previous undisclosed income. Even if they do declare it as their income, they would have to pay tax at the current rates. This is taking effect in the right way and hence those people, who did hoard black money, find themselves in hot soup. 

Reports state that India has lost close to $344 billion in illegal money outflows in the period of time between 2002 and 2011. There were even reports stating that militants working the terrorism circuits, were also using these very illegal notes to get access into India. Hence in a way, this move was like an economical surgical strike on these terrorist groups. While these were the possible positive effects, there was a lot of concern expressed on the negative effects of this scheme, especially in the rural areas. While India has about 10 lakh bank branches all over the country, about 6.8 lakh villages alone and most of these villages have no access to a bank. At the same time there have been a lot of remedial measures that have been suggested in the past few weeks. There have been teams set up to ensure the smooth flowing of this process. There are also going to be micro ATM’s in function soon which would help those in need both deposit and withdraw cash. Slowly and steadily normalcy seems to be prevailing and the government does seem to have accomplished a major feat. 

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Women:Tenacious and Resilient

Image Source: women empowerment

Feminism, women empowerment, the colour pink matters; these are a few phrases that we all hear being thrown around like confetti, these days. In a society, which is as evolved as ours is, why is so much attention generated by the fact that the women living in the 21st century, feel a pressing need to be empowered? The glaring fact that stares us right in our faces, is that we are all slaves to a certain line of thought. Having been brought up on the staple diet of overtly expressing differences between men and women in every format available. This is one of the few reasons, why the term feminism gives women a crippled identity. 

Women empowerment is a very simple concept, it goes on to say that, every woman is entitled to expressing herself in both, personal and professional spheres of life. This expression of her individuality should be within the set boundaries of a just law. Human psychology states that, until a person isn’t made to feel the absence of something vital, they tend to take the same for granted. Since a long time, women have been made to assume their status of weakness, submission and timidity as opposed to their care-taker status, which is offered so very pompously to men. When this superiority, is removed from the equation, there remains a level playing ground for men and women, to see each other as equals. 

Image Source: women empowerment

Empowering women in all the spheres of life, including education, social, political, economic and professional, aims at exactly that. This concept has seen staggering failures in some scenarios as well as cataclysmic success in others. Majority of women, in today’s day and age are finding themselves empowered enough to help shoulder the burden of the world with men. It’s those moth ridden medieval ideas about, how a women should be confined within the four walls of a household, which this concept strives to battle with. 

Image Source: women empowerment

In spite of the strides of progress and the awe-inspiring success stories of powerful women, the whole concept of feminism still remains pretty murky around the edges. Empowering women, nowhere means giving them an unfair advantage at the cost of anyone else. It means creating an environment, where equality and fairness prevails, where a woman is not seen like a damsel in distress but as a force to be reckoned with. The most imperative message here is the fact that, change is the most permanent part of life and as time changes, we need to evolve and adapt with it. 

At Acsentials, we believe in realizing the true power of pink, by adorning your beauty. We have a trove of accessories and jewellery of all varieties, from mid-century to modern and funky. We strive to bring together comfort, style and class to embellish your beauty with our products.

5 Hot Wedding Trends You Need To Follow

If you or someone you know is getting married in 2016, the wedding planning has already begun. There will be many wedding trends that are going to pop up in your newsfeed over the next few months as wedding season is here. This means that the vendors who are making these trends happen can tell those of us excited to know what to expect from the late 2016 weddings. Their trend predictions may differ—will the weddings be bright? Or subtle?—but we will most likely see the top 5 hot trends. 

Image Source: bridesmaids dresses

Trend #1: Mismatched Bridesmaids: the days of mandatory bridesmaids dresses and similar patterned dresses are gone. Nowadays, the brides are allowing their favourite ladies to choose their own dresses in shades and designs that not only flatter their bodies, but also match the wedding theme. What is more is that many of these outfits end up being worn more than once, which is awesome! It creates a stunning look and it looks like this trend isn't going anywhere. 

Trend #2: Desserts Other Than Cake: Who can disagree with having too much dessert? Couples prefer having options other than cake. Some crowd favourites are gulab jamun, gaajar ka halwa, and of course, ice cream. 

Image Source: V-Necks in White Gowns

Trend #3: Sophisticated V-Necks in White Gowns: The wide-open V-necks wedding gowns were all over the runways this year. Matched with beautiful necklaces from online, these dresses enhanced the collarbone, narrowed broad shoulders, and also slims the figure as the eye tends to travel to the waistline. They are refined, yet not too revealing. 

Trend #4: Wooden Details: Wood, wood, wood! It’s such a couple favourite this year. Couples are moving in the direction of natural elements as themes in their wedding. This is a straightforward turn away from sparkly things. Handmade wooden place cards and wedding invitations in particular are a great example. 

Trend #5: Adventure Weddings: With the increasing rise of live, authentic and adventurous life and photography, there is also a noticeable shift in the preference of locations for weddings. Couples now prefer more camp, or travel-themed and outdoor locations.

Image Source: Underwater Weddings

 

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