Demonetization is a beautiful thing to have happened in the country.
Kudos to PM Modi for the game changing initiative.
But,it would be unfair to expect him micro-manage the implementation process..
Look at the flip side.
Re-monetization process is under question.
3000 crores INR in new currency seized by IT and ED.
Could this have happened without the collusive corruption of bankers?
Shortage of new currency is inevitable due to brazen leakages.
The super rich billionaires and.the political parties are being compensated by legitimizing their black money, stealthily though.
Grapevine has it that cash-carrying vans are being allegedly diverted from banks to hideouts of Ministers,CMs, MPs, MLAs,clandestinely.
Were bankers under political and administrative pressures ?
Too bad to be true
A clear denial by PM Modi will set the controversy at rest.
Opening a new window for Voluntary Disclosure Scheme offering " No penalty for past sins ", 50% tax penalty, will do more harm than good.
Voluntary disclosure does not mitigate the offence.
Why change the goal posts in the middle?
The hideouts of political parties are exempted from raids by IT/ED.
Their new-found love for the farmers and others ,was a farce.
Hoarding of currency in new avtar would thus continue with vengeance.
The black money converted into white, would be as dangerous as its precursor.
Restoring black money from foreign havens, remains a wild goose chase.