Sunday, 27 November 2016

People Knew About Cash Ban

I will say one aspect of the Note Ban done by the Modi Govt. is that people close to BJP like their allies like Chandrababu Naidu and other business people knew about the impending Rs500 and Rs 1000 note ban.
This Noteban Scam has mainly three aspects:
  1. First is that people knew about the ban and so they deposited their soon to banned cash in the bank. Or they converted their black money into white like disposing of their black properties for white money or they purchased white properties in soon to be banned money or black money.
  2. Second is that the new notes are being handed over in truckloads to people who are close the BJP or states in which BJP is in power but the states where there are no BJP allies or people have voted for Left or TMC they are getting punished by not supplying any notes of more quantity. In that case states like West Bengal, Tripura Kerala are getting punished while states like Tamil Nadu or Andhra Pradesh or Maharashtra are getting truckloads of cash which ensures adequate cash supply.
  3. Third is the money which will flow into the bank will be utilized for corruption. They are ensuring the same by changing 50% tax and/or penalty and locking period. Also money which will not flow into banks will be utilized to write of bad loans to the extent of lakhs of crores mainly by big businesses.
In any case it is open loot of the nation and the nation will suffer the consequences for years or decades to come.
Additionally some other problems were also there.
  • Like people have suffered loss of employment. 
  • People have unpaid wages or wages have been deferred.
  • Many people have died waiting in queues or at home due to lack or waiting for cash.
  • People productivity suffered when they spend more time in queues wanting to withdraw cash at ATMs or Banks.
  • It has led to plunge in the value of Rupee as nobody wants such a currency. A currency should be safe like Gold. That is why people keep Dollars But Modi made people realise that there is no value keeping Rupee.
  • Indian currency and India has lost its reputation. Nobody would want such a currency which is manipulated by elected Govt which does not care about the consequences.
  • Many people would have died out of shock as well. Shock of losing their hard earned moneys.
  • If India were a dictatorship it would be justified by the Govt taking such a step. But India is a democracy and vies/vices/voices of few are being forced upon the full population. And now opposition is gearing up for protests and will be very harmful for the nation in days to come.
  • The BJP would have amassed lakhs of crores at the cost of Opposition and the general Public and for people who know the truth will say that corruption and thievery pays and will harden their position to become corrupt. BJP through this note ban has earned enough money for seven generations. Corruption will become more hardened in the society in the years to come.

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