Monday, November 8, 2021

Dhan

 Above everything else, it is helplessness that gets you angry. 


At a nearby Reading Room, I browse through the Business Standard and stop at a page that should not merit a second glance.  The next page looks exactly the same.  Turn over.  The same.  And a half-page more.  On these three-and-a-half pages are thousands of account numbers in tiny print, so small that they seem like lines of badly sewn stitches.  
It is a gold auction notice.  

This we – you and I - know: there is an alternate universe where men and, more significantly, women pledge their gold for small loans to address a medical issue or perhaps admission fees for a child in a private school or, unhappily, the costs of adhering to social mores for an unaffordable wedding.  Often, one loan repays another, one crisis ends, another begins, but they soldier on, sometimes lurching and stumbling their way through the maze of crippling interest rates, processing charges, late fees that choke and unforgiving penalties. They never forget that the gold loan needs to be repaid, for gold is never sold, only pledged.  Gold – though I am no fan of it – is social acceptance, comfort, protection, insurance, even identity.  There is a hidden language in that metal in this alternate universe. 

In this auction notice, read the signs of a crisis in that universe. 

That universe isn’t far away: our domestic help’s family could be living there, as could a family in interior Karnataka struck by Covid or a welder in Pudukottai whose machine shop shut for good after two waves of perdition.  It is their gold that will be sold to feed the collection-and-recovery frenzy reported with diligence to anxious collection managers.  In the old days, these gold hand-loan sort of guys were called ‘blade companies’ in God’s own country, but one can buy respectability:  get the  Kaun Banega Crorepati mascot to endorse you (he was once bust too, but has misplaced the experience).  Or, better still, IPL.   

To take my mind of this, I pick the Business Line up.  Lost reprieve, for it comes right back, this time through an ad.  The same lender has, on this same day, yet in another newspaper, announced its financial results: record profits and collections are the highlights.  As I read this, I wonder if that distressed family in interior Karnataka made this financial performance happen.  I know the answer.
And that makes me angry, in a feeble, helpless way. 

But in the universe I inhabit, the stock markets are booming, Dhanteras rocked while the crackers wouldn’t cease and economic news is about the recovery that the experts did not expect.  The chimera is real here and only a party-pooper would think otherwise, for the collateral damage is below the bonnet.  Only the paint matters. 

Yes, those three-and-a-half pages of badly sewn stitches in the Business Standard tell a story.  We need to listen. 
And help in every way we can. 

 

 

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