Nani Palkhiwala wrote on 16th January 1984.....
"The picture that emerges is that of a great country in a state of moral decay. The immediate future seems to belong to the doomsayers rather than to cheermongers. We suffer from a fatty degeneration of conscience, and the malady seems to be not only persistent but prone to aggravation. The life style of too many politicians and businessmen bears eloquent testimony to the truth of dictum that the single minded pursuit of money impoverishes the mind, shrivels the imagination and desiccates the heart.
The tricolour fluttering all over the country is black, red and scarlet – black money, red tape and scarlet corruption."
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