This article was last updated on April 16, 2022
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The government’s ally, Shiva Sena, has mentioned in a statement today that it is going to wait and see if Prime Minister Narendra Modi’s decision of demonetization of Rs 500 and Rs 1,000 notes yields any result. Questioning Modhi’s surgical strikes on LoC by claiming that ceasefire violations are still a norm over there, it was alleged that the part will adopt a wait and watch approach to see how far does Modi’s “second strike” against black money goes to curb illicit trade of funds.
An editorial published in ‘Saamana’ mentioned that “Modi had last month conducted a sudden surgical strike against Pakistani terror launch pads and now this strike against black money. The second strike has caused chaos among the masses as this strike too was sudden.” It was recalled that several attempts have been made in the past to stop illicit trade flow but their results are yet to be seen and the questions remained unanswered in the past and there are no answers today as well.
The editorial highlighted that questions were being raised about “how far has the government been successful in bringing back black money from abroad is what people are asking” and now “Modi answered the question in his style by demonetising Rs 500 and Rs 1,000 notes. Only time will tell if the government is able to achieve its objectives by doing so. The truth is that this decision will have far-reaching effects on the Indian economy.” At the end, the editorial concluded that “it was being said that the surgical strike against Pakistan was meant to tighten our grip over the neighbouring nation. But, firing, ceasefire violations are on at the borders ever since the strike. Demonetising currency was the second strike but if it actually pays dividends, only time will tell.”
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