At the time when BJP’s allies and media are hailing Prime Minister Modi’s demonetization of old Rs 500 and Rs 1000 note as a masterstroke policy on curbing the menace of black money, there are many questions remain unanswered.
Secret Plan?
Several reports of Bhakt media channels claim that even the top ministers of PMO were not aware of the demonetarization of high denomination notes.
Well, it seems like government’s ‘top-secret’ plan to carry out a surgical strike on black money was not a secret after all.
Co-incident no 1: April Fool
It has come to light that the information about the scrapping of Rs 500 and Rs 1000 notes was leaked in April in Modi’s home state of Gujarat.
A prominent newspaper ‘Akila’ owned by one of PM’s friend Kirit Ganatra, published from Saurashtra in Gujarat had mentioned in a report in April about demonetisation of the higher denomination of Rs.500 and Rs 1000.
The clipping of the newspaper has been doing rounds on social media platforms like WhatsApp and Facebook. Though, nobody paid any heed to this information then, probably because it was published in a local newspaper.
Surprisingly, all the things that PM Modi said in his address to the countrymen were mentioned in the report of Akila.
However, Akila editor Kirit Gantara told The Telegraph that the demonetisation report was intended to be “APRIL FOOL”.
As per the government, the entire story of Demonetization was being planned since 6 months, but the only people who knew about this were Modi, Arun Jaitley and RBI Governor. The RBI started to print new 2000 and 500 Rupee note 6 months back, but what everybody thought was they were a new inclusion to the existing currency.
Co-incident no 2 — The Chandrababu Naidu factor:
Andhra Pradesh Chief Minister N Chandrababu Naidu on October 12 organised a press conference in his new office at Velagapudi and demanded for immediately abolishing currency notes of Rs 1000 and Rs 500 denominations to curb black money in the country. “Politics has become a shelter for corrupt people and black money earners. Some people who are in politics are misusing the people’s mandate. I’m writing a letter to the Prime Minister today asking that Rs 1000 and Rs 500 notes be abolished and total bank transactions be encouraged,” he said.
Co-incident no 3 – Dainik Jagran published story on 27th Oct
The Centre has claimed that the decision to demonetise Rs 500 and Rs 1000 notes was known only to a handful of people, the story was broken by a Kanpur-based Hindi journalist almost a fortnight before the dramatic late evening announcement by the Prime Minister.
Brajesh Dubey of the Hindi daily Dainik Jagran is gleefully accepting congratulatory telephone calls and envious looks from his peers for his story of October 27 that also confidently reported that Rs 2,000 notes would be issued as replacement.
Dubey, who is on the business beat for the Hindi daily, did not reveal his source for the story citing the “ethics of journalism”, but said it came from “informed and long-standing sources”
Co-incident no. 4: Rs 3 crore deposit ahead of ban puts West Bengal BJP in a spot
Times of India carried a story of Rs 3 crore deposits made by West Bengal BJP in a nationalised bank here eight days before the Prime Minister’s demonetisation announcement have triggered a controversy. The last transaction, involving Rs 40 lakh, was made minutes before the PM’s speech.
Co-incident no 4 – Crores deposited in 2 BJP accounts in 1000 notes on 8/11
Bengali daily highlighted a story of Crores of rupees deposited in 2 BJP Accounts in 1000 notes on 8/11.
Co-incident no 5: Bad Loans
If a report to be believed that the total Bad Loans of Indian Banks right now is close to Rs. 6,00,000 crore and the PSU Banks are in a miserable condition right now, and need immediate infusion of money to shore up their lending capacities.
Co-incident no 6: Moody’s credit rating
A few weeks ago, credit rating agency Moody’s had stated that Indian banks required Rs. 1.25 lakh crore capital infusion? In July 2016 the Centre injected 23,000 crore into 13 public sector banks.
Co-incident no 6: Arun Jaitley
The Finance Minister Arun Jaitley said it in 2015 that the Centre would pump in more than 70,000 crore in PSU banks in coming four years.