Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Dr. Abdul Ruff Colachal (researcher)     12 December 2016

How will demonetization strengthen hands of indian poor?

 

How will demonetization strengthen hands of Indian poor?
-Dr. Abdul Ruff
______

 

India is undergoing a serious and strange crisis where poor and common people continue to suffer because they were not taken into confidence by the government by providing them with source of sustenance. Indians do not trust the PM because he had already cheated on them by promising them huge money when the black money etc are recovered from abroad but he is silent about that and began a direct attack on the common people with igniting money cash crisis. Most ATM machines are not functioning and most ones have no money but the rich people have huge sums of money in new currency notes.


Apparently, Hindutva brands RSS and BJP sought to save Modi from any possible punishment in future owing murder of Muslims in the aftermath of the Gujarat riots to appease Hindus. Now the BJP, RSS, VHP and PM Modi are jointly working to save the Hindu criminals from any possible punishment for destroying in 1992 the historic Babri Mosque on 06 December , death anniversary of Dr. Ambedkar, author of Indian Constitution. (The choice of death date of Dr. Ambedkar December 06 for destroying the historic Babri Mosque cannot be just coincidental, considering the importance of choice of dates for India even in cricket matches and joint cricket matches like IPL and ISL, etc).

Hindutva leader Bharatiya Janata Party (BJP) is now at a crossroads as PM Modi’s demonetization drive has backed its fortunes in the polls in future. If only the rich or corporate lords alone vote to elect a government, BJP or any other party needs not worry about the common people but majority of voters belong to common class.

 

Corruption, black money and Modi

 

Indian corruption is a very complicated issue as many forces are at work but government fails to deal with it because it always helps and supports one section of “special” people and refuses to launch a multi-prolonged approach simultaneously to root out the menace. . 

Entire system is rotten. But PM Mod ahs attacked the common people in order to ostensibly end corruption and black and fake money.  And the government decision is final and even parliament cannot do anything about it.

That is Indian democracy.

India’s pride lies in promoting corruption and financial lords in all fields and back and fake money is thriving even when a leading economist Manamohan Singh led the UPA government. . . 


Corruption is closely linked with rise of black money and state support for the rich and corporate lords to mint money as much as they want. In fact the central and state governments promote corruption and black money through fake joint sports exercises like IPL, ISL etc (meant for well to do people and all destroying national teams) where blackmoney is being channelized and even made white. In fact, India, after honoring a cricketer Sachin, who made some 100s by official fixings for mutual help, was struggling at the crease for nearly 2 years for his last one hundred runs, with Bharatratna and allows him to make even football a fixed sport. His mafia works for the success of Kerala blastards team which he bought or his own Mumbai team and the teams that play against the Sachin teams help score goals and win. Delhi team helped Sachin team to even in first leg semifinal.  With third rate players having been bought by him and other billionaires, India is making a mockery of football showing that not only cricket but football also can be fixed as per a plan.

These fake players are celebrities for Indian media and government.
 

That is the Indian mischief in the name of sports. But can anyone do anything about these bogus night games?


Indian PM Narendra Modi has been in the news and he and all Hindutva parties need it and love it. Modi said last week his decision to ban old Rs 500 and 1,000 notes was taken to strengthen the hands of the nation's poor.


As CM of already relatively developed Gujarat state, Modi came to national scene on the eve of parliamentary poll with his own claims of “development of Gujarat”, to which he subsequently added the issue of corruption and blackmoney in the back ground of the famous Anna Hazare-Kejriwal led anti-corruption movement and he as PM candidate of BJP wooed the voters by telling them that they would get a few lacks of rupees every month once black money is recovered from foreign banks.


As his influence began waning, suddenly PM Modi turned anti-corruption crusader. Modi announced the demonetization drive as results of US president elections were coming out and Modi wanted to outsmart the winning Trump and USA in the media. A month into the demonetization drive, there cannot but be a sense of worry in government circles about the unchanging ground realities with no sign of the long queues before banks and ATMs shortening any time soon. There is no unanimity among opposition parties in their ranks about the course of action. A more effective opposition would have had a field day in pillorying Narendra Modi.


Addressing a farmers' rally in his home state Gujarat in Deesa town of Banaskantha district, Modi said the honest people have been looted for 70 years and that he stands with the poor of the country. "We took the decision on currency notes to strengthen the hands of the poor of the nation," said Modi without providing any hints about the scheme of making the poor rich. .


Terrorism, Pakistan and Islam were the key issues to political success of BJP and other Hindutva parties. Modi said that terrorism is promoted by black money and his fight was against terrorism and the menace gets power from fake currencies. "With our step on currency notes we have been successful in weakening the hands of terrorists and those in fake currency rackets," he said.


Modi knows people of India are fed up with rampant corruption promoted by the ruling parties, especially the Congress but including his own BJP so far. But his demonetization drive doesn’t appear to promote the poor or common people, on the contrary they are facing deadly problems. Defending his decision of demonetization, Modi said: "Who is unhappy with corruption? Not those perpetrating corruption.  it is the poor, the common citizens who are unhappy." Modi said the "honest citizens of this country" have supported his move.

It is not surprising that the BJP is making a complete mockery of democracy by such nuisance.

 

Confidence or fear?

 

PM Modi has refused to attend the parliamentary session fearing criticism of his cash crisis project. If he is sure of what exactly he is doing now he could have attended the parliament and explained the government position by revealing the facts and his ideas for promoting the poor in the country. PM Modi is duty bound to tell the people what has been achieved so far and how exactly he wants to proceed further. He must also explain how the BJP has so much of money and why di d it withdraw money from banks on the eve of his night announcement about the demonetization. BJP leaders explain PM Modi doing all these to make India a developed nation - but how? Prices of essential commodities are going up and there is no hope that they will come down.


BJP government has said they are ready to debate but PM Modi avoids parliament and once as he came fearing loud noise, he walked out. In the past BJP had stormed parliament for years, walked out as a routine policy.

Modi said, “I am not being allowed to speak in Lok Sabha so I am speaking in the Jan Sabha Had asked for 50 days. You will see how things will change. This is a major step to rid the nation from corruption. Demonetization, Modi argues, has been done to help the poor. For how long can poor of India be told to pay for houses in cash? He talks about modernization. For how long will poor be asked- you want Pacca bill or Kaccha bill. Today your banks and wallets are in your mobile. This is how things have changed. I want to assure the people of the country that no one will be spared. Merely talking about the poor is different from working for the poor, something that the NDA government is always doing. Happenings in Parliament anguished our President, who has tremendous political experience We are not a selfish nation. We think about future generations.

Modi is fully aware of the fact the he and his party have lost the spot in the public domain as they do not trust them. He now knows for sure that he and his party won the parliamentary poll not because of his popularity but mainly because of popular anger and anguish among people over the corrupt Congress government. Anti-corruption movement created the necessary


Black money and fake notes are as catchy slogans as corruption and crimes. Modi is trying to use as many such slogans as they are appealing to people. Development, corruption, black money, flake currency, etc are Modi’s preferences while for RSS and other BJP leaders use Ghar wapsi, beef ban, mosque destruction, etc but all of them use these only for Hindu votes.


State elections due in a few more state assemblies and BJP wants to win as many seats as possible so that it could increase the seats in and get a majority in Rajya Sabha.

Fortunately for PM Modi, the ruling BJP, which had suffered hugely as a national party until it discovered Modi as the PM candidate, has no alternative to Modi and will have to obey him and help him execute his vote capturing agendas. It is moral boosting for Modi in the m name of a “great India” to resort even harder drives in future to target the common people of India.


While Mamata Banerjee wants a complete roll-back, others favour a Joint Parliamentary Committee to examine the crisis. Even if there is no certainty about how long the hardship of the ordinary people will continue, or whether their patience is inexhaustible, the nomination of Modi as Time magazine's Person of the Year in an online poll was expected to be a morale-booster for the BJP but unfortunately, US president elect Donald Trump emerged the winner defeating Hillary Clinton even in that online poll.


Perhaps there are not many people who have retained their faith in him and expect him to ride out the present storm.

 

Waning Modi's popularity

 

The central point of this transformation is the economic development which is Modi's trump card. Although there is not much to write home at present about the growth trajectory -- Manmohan Singh's government did better in the early years of his tenure -- what makes Modi stand out is his commitment to the cause. While his predecessor faltered in the last few years of his stint Modi focused on the market-oriented capitalist path. The demonetization has caused concern about a fall in the growth rate -- the latest figure is 7.1, down from 7.6.  Earlier governments were unwilling either to follow the capitalist path to help IMF and World bank with anti-poor policy  or to crack down on black money because of the banking secrecy regulations and the fear of causing a flutter in the dovecotes of tainted politicians and bureaucrats, among others. The political consensus of parties  not to disturb the status quo of allowing corruption as state policy.  .

Seeking political mileage for BJP in the polls and improve ailing prestige, PM Modi, in contrast, has confronted the scourge of a parallel economy head-on notwithstanding the "monumental mismanagement" of the economy of which he has been accused by Manmohan Singh and Sen.

Notorious Reddy gang that steals natural resources in Karnataka and Andhra Pradesh/Telengana as their right, are also caught by the authorities b for hiding huge cash and gold reserves but the issue would die down soon as these national frauds would be free, forgotten even in media as Indian military and intelligence divert attention to some cross border issue. Media can easily insult and defame Pakistan but cannot question Indian government about its false promises, especially on demonetization drive. Judiciary considering itself a part of government cannot question the government.


Modi and BJP presume that the ordinary people have been willing to undergo the severe inconvenience of standing in long queues because they believe that instead of mere promises as in the past, a firm step against black money is at last being taken. Nor is there an acceptance of the charge about the futility of the step considering that only six per cent of the black money is kept in cash.

The reason is the belief that the latest measure will tell the hoarders of hidden wealth that Modi seems serious about bringing them to book. Modi, therefore, can said to be in the process of passing the most arduous test of all by expecting the people to ignore their present difficulties because of their faith in him.

There is little doubt that demonetization has been a risky gamble for BJP and Modi where he has taken on a section of the opposition in the hope that his popularity will save him when the votes are counted.


Some people who somehow wants to see India a super power as early as possible to overtake China and challenge and Russia do support Modi who wants to be a hero of the media.

 

Observations

The chief outcome of the demonetization drive launched by Modi is that people spend very less and save a lot that could be used by the Modi government to put the money in global market to help the multinational corporations make more money. In the process, common people suffer while the rich face no problems as they get money as much as they require. Now black money is available in new 2000 currency notes.

There is no evidence to show that common people will benefit from the current cash crisis perpetrated by the government, making common people a beggar class standing in long queues to get their own money for their daily requirements while the rich and corporate lords get their required big cash- how?  Corporate lords will certainly benefit. And BJP can eventually blame Pakistan and terrorism for failure of his cashless drive and media would support them. How come black money promotes terrorism when states are funding terror operations against other countries? Does state have black money?


Corruption and black money are being pampered at many levels and by many sources that share the booty. Poor and common people suffer.


Has Modi done anything for the poor in Gujarat where was the CM for many years?
When the Modi government has not yet begun targeting the mafias operating in every domain of the society with state backing and when the cricket match fixings have remained a state honor for the mafias, there is nothing that would make people believe what PM Modi says.


Ever since he assumed power by dethrone the Congress party’s Manmohan Singh’s government, PM Modi has been making strenuous efforts to be in the news and capture the attention of global media and governments and obviously he has achieved some success in that respect but he has put the nation and people in danger by his latest cashless monetary move, forcing the people to throng the banks and post offices like beggars. .


PM Modi’s usual rhetoric of promoting poor and common men has remained a fake stunt. Common people suffer more than ever before while the rich and corporate lords who fund the poll campaigns of both national parties continue to thrive, though a couple of them have been caught concealing illegal money. But how would this help the poor Is not clear though corruption harms the people at large.


Common people, the chief beneficiary of the demonetization attack by the Modi government’s decision to withdraw important currency notes without any prior caution, cannot be expected to buy the false promise of PM to make them strong by his demonetization gimmick.


PM Modi should now reveal his whole logic behind all this and how the poor and common would benefit direct from the drive.

Already the image of Modi as an elected leader has been waning as people do not see him s the tall leader he and his supporters claim to be worth trusting any more without seeing the results.


Modi must ask every political party to declare their assents, both movable and d immovable and state the sources from which they got the money. He must immediately ask his BJP to declare the assets and the funds it has along with the sources. Once party funds are accounted properly and made known to public, the level of corruption can be contained. People are fed up with piecemeal approach in containing and ending corruption by catching a few individuals and let them escape in due course by funding the ruling party.


Since the BJP is dreaming of making India super power, naturally poor will have to perish and only rich and corporate lords should shine. Developed nations just crush the common people and poor disappear.


Recovering all black money from the defaulters will not automatically make poor and common people rich or self reliance-only governmental action to upgrade them with money can.


Educated people could be fascinated by the slogans like removal of black money and corruption

Removal of black and fake money is a must. But will that alone make the poor happy? 

 

https://foreignpolicynews.org/2016/12/11/will-demonetization-strengthen-hands-indian-poor/



Learning

 1 Replies

adv.bharat @ PUNE (Lawyer)     15 December 2016

1) Rate of interest will go down hence loan become cheaper.

2) commmon man can buy house by taking loan from bank.

3) FDI will boost Indian economy.

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register