Black Money, the Dirty Money.....
Few political parties like Congress has been taking shelters of poor & common man for long time. They popularised the slogans like "garbi hatao", "Congress ka haath, garibon ke saath" etc. for winning elections & ruling the country. Sixty years of Congress regime has, may be deliberately kept the people poor, ignorant, illiterate, divided over caste, race, communal lines, dalits, non dalits etc. to exploit them as vote banks. Their regimes also witnessed many monumental scams involving loots of lacs & lacs of crores of public money & allowing creation of a parallel economy of dirty black money but hardly any politician got punished.
On the historic surgical strike by PM, Modi on withdrawal of Rs 500 and Rs 1000 notes from circulation to eradicate menace of dirty black money, tax evasion, corruption, fake currencies and terrorism is a bold one. This move is welcomed and lauded by general masses all over the country but unfortunately, Congress is again taking the shelter of poor & common man to criticise the move which is intriguing. How long you will shield yourselves in the name of poor? Why you have not taken such a bold steps in your long regimes to eradicate black money? In the process, are you not defending the black money hoarders, corrupt and enemies of the countries producing fake currencies and sponsoring terrorism?
Let us come to the other angle of the move. It is not a secret that more than 80% funding of all major political parties including Congress & BJP is from undiscosed sources. It means the sources of funding can be questionable too. Huge election expenditure is incurred by candidates in state and parliamentary elections and even in local body elections. Thousands of crores of rupees are caught many timed by police & other agencies before elections. This shows that the funding of political parties is also from questionable sources. Also, practically all political parties are hugely opposed to the idea of coming under the ambit of RTI, the principal reason for which is obvious. In one stroke, PM, Modi has made the use of black money in elections redundant, atleast temporarily in the forthcoming state elections like Punjab & UP. This move will create many personal enemies of Modi, including from his own party. Modi has taken a heavy risk for himself but as a shrewd politician, he must have considered all the associated risks. He has still at half time and within next two and half years with the wiping out of black money from the system, the economy should move to a high growth trajectory. As a result, the bold move may also pay rich dividents to PM, Modi in 2019 parliamentary elections.
Many other political parties, though internally might be opposed to the move, take a brave front outside publically to welcome the move but with some ifs & buts, and use the same shiels of poor & common man as that of Congress. Some other parties like Trinamul, JDU etc. are vehemently opposing the move.
Will the move by government will stop the creation of black money in future? As it seems, may not. However, it will take time to generate another cycle of black money creation. The government is also going to issue Rs 2000 bills which will make it easier for black money hoarders to start another cycle of black money economy. The introduction of Rs 2000 notes is puzzling from this consideration. The government should have not done this and simultaneously incentivised the use of plastic Money and electronic money transfers. Hope such incentives and tax concessions will be brought by the government in due course for non cash transactions.
We, the public specially those in remote areas and those without any access to banking facilities will definitely face some hardship for some time to come. However, this may be a small price we have to pay for eradicating the menace of black money & cause of national security. This pain is a temporary one which we should undergo for long term gains to the health of nation. We need to remember the pain of a soldiers at the front sacrificing his life for the safety & security of nation and people like us who sleep in peace because of them. Our pain will be negligible as compared to the pain of such soldiers.
So, let us welcome the government's move wholeheartedly.
Few political parties like Congress has been taking shelters of poor & common man for long time. They popularised the slogans like "garbi hatao", "Congress ka haath, garibon ke saath" etc. for winning elections & ruling the country. Sixty years of Congress regime has, may be deliberately kept the people poor, ignorant, illiterate, divided over caste, race, communal lines, dalits, non dalits etc. to exploit them as vote banks. Their regimes also witnessed many monumental scams involving loots of lacs & lacs of crores of public money & allowing creation of a parallel economy of dirty black money but hardly any politician got punished.
On the historic surgical strike by PM, Modi on withdrawal of Rs 500 and Rs 1000 notes from circulation to eradicate menace of dirty black money, tax evasion, corruption, fake currencies and terrorism is a bold one. This move is welcomed and lauded by general masses all over the country but unfortunately, Congress is again taking the shelter of poor & common man to criticise the move which is intriguing. How long you will shield yourselves in the name of poor? Why you have not taken such a bold steps in your long regimes to eradicate black money? In the process, are you not defending the black money hoarders, corrupt and enemies of the countries producing fake currencies and sponsoring terrorism?
Let us come to the other angle of the move. It is not a secret that more than 80% funding of all major political parties including Congress & BJP is from undiscosed sources. It means the sources of funding can be questionable too. Huge election expenditure is incurred by candidates in state and parliamentary elections and even in local body elections. Thousands of crores of rupees are caught many timed by police & other agencies before elections. This shows that the funding of political parties is also from questionable sources. Also, practically all political parties are hugely opposed to the idea of coming under the ambit of RTI, the principal reason for which is obvious. In one stroke, PM, Modi has made the use of black money in elections redundant, atleast temporarily in the forthcoming state elections like Punjab & UP. This move will create many personal enemies of Modi, including from his own party. Modi has taken a heavy risk for himself but as a shrewd politician, he must have considered all the associated risks. He has still at half time and within next two and half years with the wiping out of black money from the system, the economy should move to a high growth trajectory. As a result, the bold move may also pay rich dividents to PM, Modi in 2019 parliamentary elections.
Many other political parties, though internally might be opposed to the move, take a brave front outside publically to welcome the move but with some ifs & buts, and use the same shiels of poor & common man as that of Congress. Some other parties like Trinamul, JDU etc. are vehemently opposing the move.
Will the move by government will stop the creation of black money in future? As it seems, may not. However, it will take time to generate another cycle of black money creation. The government is also going to issue Rs 2000 bills which will make it easier for black money hoarders to start another cycle of black money economy. The introduction of Rs 2000 notes is puzzling from this consideration. The government should have not done this and simultaneously incentivised the use of plastic Money and electronic money transfers. Hope such incentives and tax concessions will be brought by the government in due course for non cash transactions.
We, the public specially those in remote areas and those without any access to banking facilities will definitely face some hardship for some time to come. However, this may be a small price we have to pay for eradicating the menace of black money & cause of national security. This pain is a temporary one which we should undergo for long term gains to the health of nation. We need to remember the pain of a soldiers at the front sacrificing his life for the safety & security of nation and people like us who sleep in peace because of them. Our pain will be negligible as compared to the pain of such soldiers.
So, let us welcome the government's move wholeheartedly.
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