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currency and terror funding, and promoting digital transaction as its objectives.
It means the middle classpoor people, poor people and specially the tax
payers have suffered the most and they have suffered for nothing. It was
remarked during the months of November and December 2016 that the
Indian people were demonstrating exemplary patience. Poor and lower
middle class people underwent great hardship during these months, standing
for hours in bank and ATM queues, and managing their lives with a chronic
shortage of cash. Yet the thought that it was all in a good cause, and that
holders of black money were suffering even more, kept them in relative good
humour. But now, if it turns out that black money holders have managed to
have the last laugh, and that common people have suffered for nothing, won't
the voting public be outraged?
According to RBI 99% old notes have been replaced or deposited in banks. So
can we say that 99% black money has been changed to WHITE MONEY. Only
difference is that now the money is with the banks but still the point has not
been cleared that does demonetization has stopped black money??
As per reports from NIA immediately after 8th nov demonetization surgical strike
terrorist attacks just got decreased but by the end of December suddenly the
attacks get increased. So within a span of 2 months terrorist groups re arranged
themselves and demonetization didn’t effect them much. If we take the caes of
Kashmir and maoist effected area where terrorist had caused severe damage to
the civilian and armed forces. And it was also reported by National Investigation
Agency (NIA) that the terror funding is done by digital modes only. So
demonetization has not effected terror funding much.
Fake currency :
Till 16th feb 2017 almost 3 months fater demonetization in 3 different cases in
mohali, indo bangla border and in Hyderabad NIA had arrested people for
dealing with fake 2000 Rs notes. so the motive of stopping fake currency has not
been stopped. According to RTI almost 12000 Cr have been invested to print new
2000 Rs notes. does it is worth of expensing such a huge amount and in return
people have started circulating fake notes within 3 months.