DEMONETISATION – GARIBON KI ZINDAGI KHATRE MEIN NAHI DALNA
DEMONETISATION – GARIBON KI ZINDAGI KHATRE MEIN NAHI DALNA
Despite
tall claims on double digit GDP growth and successful economic reforms, still
over 25% population is under BPL & about 45% are functionally illiterate.
It is evident that rich is becoming richer and the gap between rich and poor is
further widening. It implies that India is growing at the cost of Bharath,
which is not a healthy democracy.
Poor
are vulnerable and susceptible to all sorts of exploitation, more so in under
developed and feudal societies. It is clearly evident from the fact that zero
balance accounts bulged over night with record banking growth. Over 65000
Crores deposited in 15000 JAN DHAN YOJANA bank accounts in record 15 days time
and likely to double/triple by end of December, 2016. On record its great achievement for Government
and claim that the objective of banking with poor is achieved.
GOI
committed a strategic mistake by allowing bank deposits without proper validation
on source of funds. Now feelers are sent
while withdrawals source has to be established, 60% will be taken as tax, welfare
programs will be cut etc and further confusion is being created.
Other
than these accounts, sizeable currency (ranging from 1 to 2 Lakhs each) is
deposited in employees, friends, network funding (discounted price, interest
free advances), old dated agreements with huge cash given as advance to buy lands,
gold, properties, benami land deals etc gave big shelter to black or
unaccounted money. It’s an established fact that these benamis has to return
back after the dust is cleared and these transactions are fully secured with
signed blank cheques, promissory notes, thumb impressions/signatures on blank/old
date stamp papers, unregistered agreements and many such instruments. We had
seen the cruel impact of such instruments when land reforms were introduced and
if proper methods are not in place to curb this menace it is going to repeat
again in much larger magnitude.
It
is better if these undemocratic methods of funds handling is curbed at source.
Once these are allowed to happen without proper checks and measures and later
introduce instruments to detect, it will cause rift in the system.
Of the benamis expose
the real culprits or if they do not honour the informal/formal instruments
already created, there will be unrest in society and May lead to killings and
ultimately the vulnerable sections will be the looser.
GOI PLEASE ACT IN THE
INTEREST OF THE NATION. IT IS BETTER TO
ACT EVEN IF IT IS LATE THAN NEVER.
B G Reddy
grbonthu@gmail.com, 9866889246
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