Essay on the biography of Dr. B.R Ambedkar

Essay on the biography of Dr. B.R Ambedkar

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  • B R Ambedkar said currency should be replaced every 10 years: Prakash

B R Ambedkar said currency should be replaced every 10 years: Prakash

Prakash Ambedkar shared the economic vision of his grandfather whose research at the London School of Economics that evolved in the form of a thesis and, later, into a book 93 years ago explored the problems confronting the nation today.

Written by Shubhangi Khapre
| Mumbai |

Published: November 12, 2016 1:45:49 am





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Dr Bhimrao Ramji Ambedkar was among the first political leaders and unsung economists of the country who had recommended that the Indian currency should be changed every 10 years to tackle the problems of hoarding to black money to inflation. But, he had underlined the need for adopting a flawless methodology to ensure the currency change serves the real objective to nab those dodging the system and help the common man.

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In an interview to The Indian Express, Prakash Ambedkar, grandson of B R Ambedkar, shared the economic vision of his grandfather whose research at the London School of Economics that evolved in the form of a thesis and, later, into a book 93 years ago explored the problems confronting the nation today.

“It was way back in 1923, Babasaheb (B R Ambedkar) in his book titled ‘Problems of Indian Rupee’ had recommended that the Indian currency should be replaced every 10 years to end the menace of hoarding of rupees and checking inflation,” Prakash said.

While acknowledging that Prime Minister Narendra Modi ’s decision to demonetise Rs 1,000 and Rs 500 notes were in accordance with what B R Ambedkar had propounded, he said, “At the outset, the objective for which the action was taken appears to be in consonance with my grandfather’s theory.”

Lamenting that B R Ambedkar remained imprisoned as a Dalit leader, Prakash said, “The great economic insight remained under wraps as a thesis or volumes of books on the shelf. In the last six decades, very little has been talked or studied about Ambedkar’s economic works.”

“B R Ambedkar strongly recommended that the purchasing power of the rupee should be stabilised and that it should be the foremost motto of any nation. The fluctuation in the purchasing power of the rupee leads to devaluation along with increase in inflation, which ultimately affects the common man in the country,” he said.

While the architect of the Indian Constitution had not prescribed a uniform formula to be adopted for the currency replacement, he had underlined the need for circular flow of money in an open economy that would serve the welfare of the poorest sections of the society.

“I am not sure whether the Prime Minister has taken the cue from B R Ambedkar’s economic vision. But what cannot be undermined is that Ambedkar’s economic vision is still relevant not only in the Indian context but also globally,” said Prakash, who also heads the Bharip Bahujan Mahasangh party.

But he added, “The manner in which the currency replacement has been carried out needs to be re-looked. If it has brought the markets to a standstill and impacted a large section of ordinary people, questions are bound to be asked. The government should have replaced the old currency immediately to ensure continuation of monetary transactions without any interruptions.”

Another aspect he pointed out was, there are still large number of people in the unorganised sectors without bank accounts and governments at the Centre and in the state will have to reach out to them to bring them into the mainstream to avail the benefits of economic reforms.

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Essay on the biography of Dr. B.R Ambedkar

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Essay on the biography of Dr. B.R Ambedkar. Dr. Bhimrao Ambedkar was the architect of Indian Constitution. He was born on 14 April 1891 at Mahu near Indore in Madhya Pradesh in a low caste family of harijan.

His father’s name was Shri Ramji Sukhpal and his mother’s name was Bhimabai. He was brilliant from his childhood. Dr. Ambedkar received his early education in a nearby village school. He had great interest in studies. But his low caste birth was a cause of his disgrace, hardships and humiliation. He had to suffer every moment due to his caste.

Dr. Ambedkar was married at an immature age of fourteen with Ramabai. Dr. Ambedkar, however, continued his studies. He passed the Intermediate Examination with good percentage of marks. He joined Alfinston College, Bombay and obtained his degrees there. The Maharaja of Baroda was highly impressed with his talents and he awarded him scholarship for further studies. It helped him to go to America for higher education. In 1916, he obtained the postgraduate degree in Economics. Then he started his career as a professor and served for four years. In 1923, he went to England to pursue higher studies. In England he received the degrees of M.Sc., D.M.S. Law and Ph.D.

Dr. B.R Ambedkar

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When he returned to India he was appointed Sainik Secretary at Baroda, but he left the job due to discrimination, and moved to Bombay. His caste, however, always stood in his way. Then he started practicing law. Now his main concern was to fight against untouchability. Ambedkar was deeply hurt at the differential treatment meted out to the harijans.

To put his plan into action, Dr. Ambedkar formed the outcaste welfare society and organised the so-called untouchables to initiate his fight for them. He created awareness in them to have a graceful life. He launched a Satyagraha on Chandan Tank. His major victory was to seek the right to fetch water from the tank. He tried hard to bring about a change in the life of the downtrodden. He had all the support of the British government which believed in the policy of ‘Divide and Rule’. Later the Congress due to the influence of Mahatma Gandhi included eradication of untouchability in its agenda. In 1930, he represented the untouchables in the Round Table. As a result of his efforts the harijans were granted reservations of seat in the election.

Dr. Ambedkar was a vocal critic of capitalism and Brahmanism. He supported equality of opportunity. He was hurt at the plight of the labourers. He organised them under the banner of Savatantara Mazdoor Dal. It was due to his popularity and influence that Swantatara Mazdoor Dal bagged all the fifteen seats in the elections held in Bombay. His popularity rose all the more. He became the hero of the underdog. He was their messiah. They began to worship him like God.

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All through his life Dr. Ambedkar struggled for the upliftment of the weaker sections of society. He became the chairman of the Drafting Committee of the Constitution making committee. He deeply studied the various constitutions of the world and took out their good points. He assimilated all those points in Indian Constitution. He is rightly called the Founding Father of Indian Constitution.

After independence, he was made the Law Minister in the union cabinet. Dr. Ambedkar was deeply hurt by the casteism prevalent in Indian society. Therefore, in the later stage of his life, he embraced Buddhism. He is fondly called Baba Saheb. Dr. Ambedkar died on 6th December 1956. He was honoured with Bharat Ratna posthumously—the highest civilian award of India. Many colleges and universities have been named after him to commemorate this great soul.

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