Saturday, July 07, 2007

Was the Black Money really made White?

Saw Sivaji once again yesterday with family. As good as the first time. Probably even better. A movie made wonderfully with the director's understanding of the logic that a commercial fast-paced movie needs no logic. But, how the basic plot of the story having such a huge loophole, went unnoticed by the audience is beyond the understanding of the audience. The movie deals with the hero snatching black money from the business and political big shots and turning them white through Hawala transaction. So, what really happens? The black money obtained here is given to the dealer at India. Rajni collects and equivalent amount of money to be turned white, from a white there. But what happens to the black money given here? It'll obviously continue to circulate only in India.

The money collected here is transferred to the dealer at another country not in cash but in kind. In other words, the Indian dealer pays in Indian currency, for the cargo bought from an Indian seller by the foreigner. Because the cargo exported from here is usually something illegal a large sum of money transferred from one country to another would be subjected to a series of questioning, as to the kind of cargo being exported etc. Hawala transactions are mainly done by compensating the rupees given here to be converted to dollars and the dollars given there to be converted to rupees. It provides the basic finance for goods like drugs, weapons etc. being transported across borders. So by funding for such activities, Sivaji actually promotes Hawala transactions and N lakh crore rupees is still circulating only in India as black money. Technically, the black money is not turned white.

I don't know if you followed me. But, think about it. People watching a movie which is fighting black money, by buying black tickets is another aspect to be introspected. All these arguments aside, a movie is for entertainment. The three hours that we pay to enjoy ourselves, must be worthwhile. A little exaggeration, larger-than-life hero, seeing our wishful thinkings being realized on screen, giving you a "Gosh, how would it be if it were true?" feeling is all that we want and that is definitely taken care of in this movie. A very "intelligent and mature" person will always be captious and carping about any movie (Yes... I'm preparing for GRE). He may like a movie, but he will definitely not enjoy it. We need to lower ourselves at some points and let ourselves enjoy every moment of life.

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