'Fought And Won Decisive Battle,' Says PM Modi On Notes Ban: 10 Points

The Bharatiya Janata Party (BJP) on Tuesday denied that there has been whatever political about Prime Minister Narendra Modi s meeting with DMK President M. Karunanidhi announcing it was only a courtesy go to . In politics there are certain social courtesies which are necessary regardless of political alliances and relationship and the Prime Minister changed into performing simplest in step with them Finance Minister Arun Jaitley told journalists. On a 1/2-day journey to Chennai Modi on Monday called on Karunanidhi and enquired about his health. Modi was with the DMK leader for about 10 minutes before polishing off his visit to the town in the course of which he took component inside the seventy fifth anniversary celebrations of Tamil newspaper Dina Thanthi. The Prime Minister was briefed about Karunanidhi s fitness by means of his physician. This changed into for the first time that Modi met Karunanidhi at his house. CHENNAI: Prime Minister Narendra Modi sprang a surprise through calling on ill DMK chief M Karunanidhi on Monday and inviting him to stay at his reputable residence in New Delhi to take rest. The assembly of the political adversaries extra importantly between Modi and DMK working president M K Stalin triggered speculation. The meeting occurred two days earlier than the DMK s anti-demonetisation agitations scheduled for the first anniversary of the reform. It came as a shock to many inside the AIADMK - whose ministers have been overtly advocating a tie-up with the BJP - and the Congress a protracted-time ally of the DMK. Modi is journeying Karunanidhi for the primary time after assuming office as PM but his association with past due leader minister J Jayalalithaa changed into widely recognized. After becoming PM Modi as soon as visited Jayalalithaa at her residence for a luncheon meeting. Modi s invitation to Karunanidhi to stay in his official residence left even senior DMK leaders surprised. They had been at pains to bargain any political significance to the meeting. The visit to the Gopalapuram residence of the DMK patriarch was saved discreet until BJP national trendy secretary P Muralidhar Rao in rate of TN tweeted at 8.37 am simply an hour before Modi landed in Chennai. Modi spent 10 minutes at the house and met Karunanidhi s in poor health wife Dayalu Ammal also. Holding Karunanidhi s hand Modi requested Will you come back and live in my New Delhi residence and take rest? The DMK chief who is speechless after tracheotomy remaining yr smiled and supplied his e book Kuralvoviyam a commentary on Tirukkural (English version) by saint-poet Tiruvalluvar and Murasoli s seventy fifth anniversary memento-ebook. Modi later tweeted: Met former Tamil Nadu CM Thiru M Karunanidhi and enquired about his fitness. Met former Tamil Nadu CM Thiru M Karunanidhi and enquired approximately his fitness. @kalaignar89 https://t.Co/ybrMWnAWEc Narendra Modi (@narendramodi) 1509958449000 The PM reached Gopalapuram at 12.15pm and was acquired via DMK operating president M K Stalin and Rajya Sabha MP Kanimozhi both youngsters of Karunanidhi. Modi become followed by defence minister Nirmala Sitharaman and Union minister of country for home Pon Radhakrishnan. BJP country president Tamilisai Soundararajan a strident critic of the DMK was the various first to reach at Karunanidhi s house. Kanimozhi s mom Rajathi Ammal Stalin s sister Selvi and senior DMK leaders S Duraimurugan and TKS Elangovan were additionally present. While leaving the residence Modi was visible preserving Stalin s hand replacing pleasantries with him and Kanimozhi. He waved to journalists amassed out of doors the house and a handful of BJP supporters who raised slogans hailing him. A short time after Modi left the Gopalapuram resi dence Karunanidhi got here out to the portico and greeted celebration cadres and reporters. He waved to the gang and was wheeled returned inside. We have to no longer impute political reasons to the meeting. Thalaivar s (Karunanidhi) health has been improving. Several leaders had been calling on him. Similarly the Prime Minister too got here to meet him. Very quickly Thalaivar will meet birthday celebration cadres said Kanimozhi. This isn't the first time that Modi has sprung a surprise at some stage in his visit to Chennai. In 2015 after attending the National Handloom Day birthday party he met an unwell Thuglak editor Cho Ramaswamy at his house. Demonetisation wasn t clearly a familiar monetary time period for a mean individual in India. That but modified on the nighttime of eight November 2016 while Prime Minister Narendra Modi appeared on country wide tv and announced the scrapping of Rs 500 Rs 1 000 currency notes powerful from the midnight. The RBI custodian of currency regarded to have little or no role to play throughout the demonetisation exercise from Day One. Modi offered his huge flow with three unique dreams to one hundred twenty five crore Indians kill black cash and counterfeit notes and root out terror funding. The other objectives that were finally introduced in the government-narrative had been killing corruption developing a cashless financial system and expanding the tax base and revenues.One yr after demonetisation turned into imposed upon the financial system none of these goals have been done meaningfully to offer important tangible profits. This wasn t unexpected for the simple cause that a lot of the black cash become not in cash however in different assets; cash constituted best a fragment subsequently targeting coins became by no means a very good idea a few economists argued. The charges of this workout have a long way outweighed the profits inside the shape of a totally intense hit at the informal economic system (large agency to tens of millions of employees) destruction of deliver chains task losses and revenue loss to the Reserve Bank of India (RBI) that still showed in low dividend payments to the authorities. These apart the ache inflicted on the common man who become compelled to face in serpentine queues for months on give up to withdraw own money alleged loss of lives and loss of profits streams are not measurable the usage of traditional economic gear. In hindsight a value-advantage analysis of the exercise makes one wonder whether the financial system (which as limping back to fitness) sincerely wished the sort of massively disruptive surprise-remedy that inflicted ache on each constituent of financial system with no clean profits.A report image of Prime Minister Narendra Modi. ReutersModi s political masterstrokeBefore looking in element to each of the stated objectives of demonetisation one need to remember the fact that it changed into never a natural economic policy pass. This turned into Modi s largest political gamble ever considering the fact that he came to electricity at the Centre in 2014. Modi bought demonetisation because the large struggle of bad at the unfit rich within the society. Rallies after rallies Modi called upon the middle class and the poor to suffer pain to obtain the larger goal of a purifier obvious society.Demonetisation was supplied to them as their one massive hazard in lifestyles to assignment the socio-economic inequalities embedded of their lives. The negative thankfully heeded to Modi s call and made demonetisation their non-public struggle against the crooks. The results showed surely inside the Uttar Pradesh meeting polls that accompanied where the Bhartiya Janata Party (BJP) bagged a landslide victory lowering the opposition to a non-entity in the politically sensitive Hindi heartland. Even a 12 months later the general public sentiment indicative from various opinion surveys nevertheless tilt in large part in favour of Modi irrespective of the pain caused by demonetisation. The next big political test for Modi could be Gujarat polls due later this month.Let s now go back to every of the stated objectives of demonetisation to attempt a price-advantage analysis of the workout.Did it unearth black money? Undoubtedly the huge goal of demonetisation turned into killing the so called black money or cash on which no tax is paid. After a yr of demonetisation the government has no longer made any significant development on getting better black money. According to the RBI records 99 percent of the vintage Rs 500 and Rs 1 000 notes (totaling Rs 15.44 lakh crore) has come back to the banking gadget. This actually intended that the government s expectation that https://pendrivess.weebly.com/ at the least Rs 3-four lakh crore unaccounted cash will perish out of doors the banking system went horribly wrong. The government stated approximately Rs 17 000 crore has been recovered from profits tax raids put up demonetisation. Also inside the aftermath of crackdown of shell corporations the government bringing up a preliminary investigation said in fifty eight 000 financial institution bills of 35 000 shell corporations over Rs 17 000 crore changed into deposited and withdrawn put up-demonetisation.But those are all small profits as compared with what is at stake. Also a great deal of the healing from those accounts is difficulty to how plenty proof taxman can produce right here one needs to watch for effects. The Pradhan Mantri Garib Kalyan Yojana the scheme offered to tax cheats elicited a cold reaction with just Rs five 000 crore popping out from 21 000 human beings. But even supposing one places together all of this it's going to represent simplest a minute fraction of the full black cash envisioned to be inside the domestic economy now not much less than Rs 15 lakh crore.Did it cut back fake foreign money? Post demonetisation times of fake currency seizures have come down sharply stated a report in The Times of India (read here). According to the report the face value of fake notes submit demonetisation totalled Rs sixteen crore much less than one-third of the Rs fifty one.3 crore seized in 2016 and Rs forty four.2 crore the year earlier than. According to the information furnished by way of https://makeupkits.edublogs.org/ Union finance minister Arun Jaitley overall fake currencies seized put up the ban is worth Rs eleven.23 crore which is a trifling discern. From the very starting it became clean that killing fake currency can t be a secure wager with a device like demonetisation. It is not possible to get records at the real amount of faux foreign money in movement in the machine but professionals suggested that it's miles most effective a remember of time earlier than fake currency rackets start printing counterfeit notes in new forex. In truth there are already reviews of fake currencies in new notes being published within the device.Did it stop terror investment? The authorities claims that demonetisation has choked terror funding. According to Jaitley (examine here) post demonetisation there was a pointy discount in terror sports in states like Jammu