Report on the lectures on the de-monetised Indian scenario
Organised by the International Longevity Centre-India (ILC-I)
With the Support of Gharda Chemicals Ltd.
About the International Longevity Centre-India (ILC-I):
The International Longevity Centre-India (ILC-I) is a not-for-profit organization working for the cause of senior citizens in the fields of Research, Advocacy, Training, Policy, Documentation, Inclusive Innovation and field projects since 2003. It is registered under Section 25 of the Indian Companies Act, 1956, (currently applicable is Section 8 under Company Act, 2013), as a not-for-profit company.
ILC-I was founded by the late Dr. S. D. Gokhale, eminent social scientist of international repute.
The present President of ILC-I since 2008 is Padma Vibhushan Dr. R. A. Mashelkar, the world-renowned scientist. The Vice President of ILC-I is Dr. Arun Nigavekar, the former Chairperson of the University Grants Commission. The Chairman of ILC-I is Mr. Jayant Umranikar, the former Director-General of Police.
ILC-I is a member of the Global Alliance of the International Longevity Centres and as its member enjoys Special NGO Consultative Status with UN ECOSOC. ILC-I is also a Satellite Centre for the SAARC region of the United Nations’ International Institute on Ageing, Malta.
Concept of the lectures by Prof. Dr. Dilip Satbhai:
As part of orienting senior citizens to the post-demonetisation era in India, where many senior citizens were worried about how they would manage their finances in this scenario, ILC-I, with the support of Gharda Chemicals Ltd., organized two lectures of Prof. Dr. Dilip Satbhai, Hon. Director, ILC-I for two senior citizens’ organisations. These lectures were meant to rid the seniors of the fears and anxieties that they were experiencing in this demonetization phase that India was undergoing and help them face the situation with the right attitude and approach.
In a time when there was a lot of uncertainty regarding the economic situation vis-à-vis the financial resources of every individual, the senior citizens were the most worried and possibly harried segment of society. Their age and the frailties brought on by age made them all the more vulnerable and anxious.
The need to make them understand and comprehend the situation, especially when they had to face a lot of discomfort and some tiring times, standing in long queues at the ATMs and/or banks for getting their old notes changed to the new currency or even just to withdraw cash, became all the more acute.
The need to assuage their fears and anxieties is what prompted ILC-I to organize these lectures by an expert in this field- none other than the renowned financial doyen in the world of economics, and ILC-I’s very own Hon. Treasurer and Hon. Director of the ILC-I Board of Directors, Prof. Dr. Dilip Satbhai!
Two lectures of Prof. Dr. Dilip Satbhai were organized by ILC-I on the 7th of December 2016 and on the 21st of January 2017 for the senior citizens of two different senior citizens’ organisations- at Pashan and at Kothrud in Pune.
A very interesting and very informative lecture was delivered by Prof. Dr. Dilip Satbhai on the 7th of December 2016, on “Demonetisation and its Implications on finances, with special focus on the elders”, at the Wakeshwar Senior Citizens’ Organisation, at Pashan.
This programme was specifically arranged for senior citizens after the demonetization announcement made by the Prime Minister of India, Shri Narendra Modi on the 8th of November 2017. Given the concerns of the senior citizens, Prof. Dr. Satbhai, addressed their issues by clearing the doubts and explaining in detail the implications of this move and also how it would impact financial management of the elders.
This lecture explained in detail the purpose and rationale of the demonetization step taken up by the Prime Minister of India, Mr. Narendra Modi. Prof. Dr. Satbhai assured the elders that they would not be affected singularly due to this move which in essence was meant to route out black money from the Indian economy! Alleviating the fears of the elders, as they asked him questions, Prof. Dr. Satbhai was able to respond to all their queries, questions and doubts to their satisfaction.
This lecture was well-received by the 100 + audience which had come there for the lecture. Many of the participants also appreciated the concern of ILC-I with regard to the anxieties that the senior citizens had and its efforts to assuage them through such a lecture by a well-informed expert like Prof. Dr. Dilip Satbhai.
A second lecture by Prof. Dr. Dilip Satbhai was organized by ILC-I with the support of Gharda Chemicals Ltd., on the 21st of January 2017, at the Savangadi Jyeshtha Nagrik Sangha, Kothrud on “Demonetisation and its Ramifications on finances, with special focus on the elders”.
The objective of this lecture was also to orient the elders to the post-demonetisation scenario and how to manage one’s finances in ‘a cashless or less-cash economy’ that India was slowly moving towards.
Many of the tips and detailed information given by Prof. Dr. Dilip Satbhai was found very useful by the senior citizens who attended the lecture. Here too, the 100+ number of senior citizens were full of appreciation for the comprehensive lecture delivered by Prof. Dr. Dilip Satbhai. Quite many of them had some personal questions to be answered and which Prof. Dr. Dilip Satbhai very patiently responded to, much to the satisfaction of those who were asking them.
Both these lectures were part of the Awareness and Advocacy efforts of the International Longevity Centre-India to ensure that the senior citizens of India are well-informed and well-equipped to understand and deal with the issues and concerns that are of relevance to them.