Scrapping of Rs 500 and Rs 1000 rupee notes in a surprise
move has hit the following very hard –
-
Kashmir Separatists
– Fake notes were rendered useless overnight and the terror funding got killed
overnight. There is no stone pelting incidence, school torching incidence after
8th Nov 16. Otherwise for last more than 100 days everyday there
were incidences where in terrorists were creating ruckus. These terrorists were
funded by ISI and separatists in fake and black money currencies mostly of 500
rs and 1000 rs note denominations.
-
Maoists and Naxalites
– Almost overnight these cash dependent insurgent activities came to
standstill.
-
ULFA, BODO –
Same as the case of Maoists and Naxalites they are biting the dust.
-
Drug Peddlers
and Trafficking are mostly dependent on cash transactions, fake currency and
higher denomination notes. They are out of business now.
-
Antinationals
and other enemies of Nation dependent upon black money are bewildered and don’t
know what to do.
-
Black money
hoarders have been caught by surprise though these unscrupulous hoarders are
trying every trick to somehow convert black to white but their numbers are less
and are at risk to try so.
-
Political parties’
election funding has got adversely affected and that has prompted large scale
demonstrations from them against demonetization although they know that it is
good for the nation. When it comes to survival they can go to any extent and
oppose it because it causes them inconvenience for funding elections. Therefore
Mamta Banerjee of TMC is ready to sit alongside Leftiests. Kejriwal of AAP has
gone insane as he has been robbed of his moral high ground against corruption
in more than one way. SP and Mayawati of BSP are in the same boat. Congress
under Rahul Gandhi doesn’t know what to do. With so many political parties
against and so much of short term pain citizens are undergoing, there would
have been manufactured riots and arson funded by likes of these parties. Manufacture
of arson depends upon large denomination black money notes it is not happening.
Otherwise these parties would have gone to any extent. This is one more proof
that demonetization has started pinching where it is aimed at.
Many articles in Indian media and International media have started
appearing against demonetization and if anyone sees the background of the
authors one can easily understand that most of them are from camps of leftists,
or parties opposing demonetization for their ulterior motives and Indians
(writing for foreign media as their personal opinions – many of them are from
JNU a leftist bastion for long). Same is the case with rumors being circulated
on whatsapp and other social media. If one studies the authors (and their
background) of articles on demonetization very surprising pattern emerges. I cannot
tell you more. Reader is intelligent enough. Then there are media reporters who
in order to increase TRPs goes berserk in reporting by making tall claims
standing alongside ATM queue trying to create panic among the viewers.
The political parties opposing demonetization say that PM should have given
two month notice for stopping 1000 rs denomination notes and 6 month notice
before taking out 500 rs notes out of circulation. If this would have done by
the government then what would have been the reaction of these opposition
members and also reaction of stone pelters, black money hoarders and school torchers?
Opposition would have said that giving prior notice means allowing black money
hoarders to change the currency from black to white as they have one month and
six months respectively and enemies of nation would have got alerted and they
would have created havoc in these 6 months available to them.
Some say they should have recalibrated the ATMs prior to demonetization –
this is euphemized way of saying that demonetization should have been declared
at a later date and people should have given time to convert black to white
money. As the secrecy would been in jeopardy.
Some say that first Swiss money should have brought in – it is always easy
to tackle problems which are more or less under own jurisdiction. Modi had
never said that he would put 15 lakhs in each account from swiss money. If one
goes by the video available in public domain of his election speech, he said in
that speech and I quote “ there are reports that people have stashed money in
Swiss accounts. It is a big money and with that money large infrastructure
projects for building a prosperous India can be deployed” and to explain the
extent of stashed money he gave analogy of it amounting to having 15 lakh rs in
every account. Anyone can download the speech which is available in audio video
in media.
Some say the inconvenience to the people would result in anger against the
government and BJP would buy it in the elections as angry citizens would not
vote for them –their reading is wrong. People are happy that PM has taken
strong measure against cheaters. They are ready to slug it out. Even if BJP
loses in the near future because of short term anger, demonetization would help
the nation in getting rid of black money, fake money and terror funding.
Therefore the step taken by PM shows the resolve of PM and also shows true
colors of Congress, AAP and their likes.
There will be slow down. There will be cash crunch. There will be long
queues (have we forgotten standing in all types of long queues for ration,
kerosene and other essentials a few years back?). There will be voices against
demonetization by vested interests. There will be rumors floating by people who
want to show demonetization in poor light. There will be some adverse
reactions. BJP may lose some elections. Old adage says there is no gain without
pain.
People of India supported Congress for 60 years. What they got. Long lines
for rations. License Raj, corruption, nepotism, policy paralysis, and weak
governance. People have elected Modi for change. He is in third year of his
tenure and he has taken many big time measures encompassing every sphere of
life of a common man. Some may yield short term gains but mostly the steps are
for long term gains. The exercise for demonetization started long time back. First
SIT was instituted for stashed money in foreign accounts. There were various
treaties and dialogs with countries to expedite the stashed money information
from those countries. It was followed by harsh laws on stashed money and tax
havens in the form of making PMLA 2000 act stronger. When all these were
happening government started Jan Dhan yojana which resulted in around 25 crore
accounts and covering 99% families. Aadhar was used extensively for DBT to the
benefit crores of accounts which reduced
the leakages in money flow. This was then followed by asking individuals for
IDS and the time limit was given up to 30 Sep 2016. The launderers declared
around 65, 000 cr rupees. With the demonetization on 08 Nov it is one of the
many measures step by step to be taken to weed out black money laundering and
to sniff out terror sponsorship. This is not all. PM has promised that he will
crack down on Benami properties. The citizens of India who are law abiding
should note that the PM’s decisions were not knee jerk and still surprise
element was maintained. They should heave a sigh that at last someone is
walking the talk and not just using the clichéd ‘war on black money’ for
usurping power and using it selectively.
