Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

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3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate Subbarao who left this mess created by few stupid political economists," Raghuram Rajan found telling the sweeper who came to clean up the

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Published On:Monday, 23 January 2012
Posted by Diggy Chacha

RBI to issue Rs1500 currency note with Mulayam Singh's picture embossed on it for saluting Mulayamwad


India is moving from Gandhiwad to Mulayamwad

Taking inspiration from the slew of measures announced by Samajwadi Party (SP) supremo Mulayam Singh Yadav, India's central bank, the Reserve Bank of India announced printing of Rs1500 note with Mulayam Singh Yadav's photo embossed on it.

"This note will be a real tribute to Mulayamwad that is taking place in India. While Gandhiwad brought freedom to India, Mulayamwad is bringing freedom from money to India and that's why we plan to give him a tribute by printing Rs1500 note with his photo embossed on it," said Deputy Governor of the RBI, Subir Gokarn.
He said "This initiative will include a special package of printing as much as money Mulayam Singh wants to utilise it for freely distributing it to people he is committed. It will reduce the pressure of tight liquidity and high interest rates in the system and will also curb inflation."

The measures include free tablets, laptops, water and revamped quota.

However, the RBI's deputy governor made it clear that only Mulayam Singh Yadav can use the new currency note and is eligible to distribute the notes to Uttar Pradesh people.

"The first batch of Rs500Cr of Rs1500 notes will be reaching to State Bank of India, Lucknow in next 2 days," Gokarn said.

"We have created a seperate account in the name of Mulayam Singh Yadav in all the banks in Uttar Pradesh," he added.

Samajwadi Party welcomed the move. "Yesterday, only we received the blue print of the note which we immediately approved," said Akhilesh Yadav, son of Samajwadi Party (SP) supremo Mulayam (no not soft here) Singh Yadav.

Talking about his father and Mulayamwad, he said "Pappa was always mulayam (soft) by his heart, so it would be aam admi, goondas or even towards Pakistan, his mulayam heart always breathed softly and was the talk for all the party members."

"Softness and strength both are in the name of Mulayamji," said Azam Khan, another soft party member. "Mulayam means silkiness and Singh is a symbol of strength. That's why we planned to start Mulayamwad in our country," he added.

"He is so soft that he offered India to give money to Pakistan to end terrorism when he was Defence Minister. However, his revolutionary idea fell down due to less visionary Indian politicians. We all sensed Mulayamwad that time only and I would be proud to say that 'I am Mulayamwadi'," said Azam Khan.

"Bharat des mein Gandhiwad saun saalose hai per kyaa ukhaad liyaa Congress ne. Mera Mulayamwad saaren des ko aage leke jaayega," said Mulayam Singh in a packed press conference and started the election campaign for Uttar Pradesh.

He also initiated his 2014 campaign and said "Agar hame pure des ne elect kiyaa to sab jagah free me power denge, laptop denge aur tablet denge. Hum soch rahe hai."


When Diggy Chacha Fan Club (DCFC) correspondent enquired about the 3600 turn in Mulayam Singh's stand from announcement of banning computers in last election to the announcement of free distribution of laptops and tablets, Akhilesh Yadav said "Actually, Pappa could not handle the computer that time. Pappa was irritated with the strange placement of alphabets (A, B, C, D) on the keyboard and therefore out of irritation he said that he will ban the computer. He was disturbed with the fact that the placement alphabets were not conventional as taught in the schools and was in some gibberish manner. However, after announcement Bill Gates himself called him and parceled a new computer with hindi keyboard especially to Pappa. Before this announcement Microsoft has promised us that it will stop attaching those stupid keyboards."







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