Demonetisation or Demonisation?

Tuesday 03rd January 2017 18:45 EST
 

On New Year’s Eve, Shri Modi in a nationwide address thanked the general public for their support and patience (queuing for their own money) on the demonetisation which he rightly described as (Shuddhikaran) purification.

The scheme is a bold approach to curb rampant corruption, huge Kala Dhan (black money) economy, fake currency notes, tax evasion and terrorism. Surely, public support was the fundamental requirement for its success but also more than 200 million new accounts opened by the less well-off citizens under the Jan Dhan Yojana (introduced in August 2014 along with RuPay card) and the coming of age of the information technology in Bharat played a huge part.

Modi recognised that some bank employees and others have indulged in profiteering but he assured the public that they will not be spared. We as outsiders gauge the success with return of calm in Kashmir, devoid of destructive demonstrations, Naxalites surrendering to the authorities in droves and a huge amount of money deposited in banks and declared by individuals to the tax authorities.

As expected the opposition leaders like Rahul, Kejriwal, Mamata and others have been on a path of demonization of Modi since 8th November instead of supporting the scheme for the greater good of the country. The Congress in particular has not left its policy of the “Mushroom Syndrome” which aims to keep the public in dark (ignorance) and feed them manure (lies).

Modi also promised to introduce schemes to uplift the poor and needy with the extra money received in the banking system and additional tax money collected and also will be received in future by the revenue department.

Narsibhai Patel

New Malden


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