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Looks like PM listened to CM, after all

An article in a leading newspaper , dated Oct 13th 2016 ran like this:  Andhra Pradesh chief minister Chandrababu Naidu  claimed that out of the Rs 13,000 crore of black money declared in Hyderabad under a recent scheme, Rs 10,000 crore belonged to a single individual,  hinting towards his political rivals. He also demanded immediate abolition of currency […]

Looks like PM listened to CM, after all
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An article in a leading newspaper , dated Oct 13th 2016 ran like this:

Andhra Pradesh chief minister Chandrababu Naidu claimed that out of the Rs 13,000 crore of black money declared in Hyderabad under a recent scheme, Rs 10,000 crore belonged to a single individual, hinting towards his political rivals.

He also demanded immediate abolition of currency notes of Rs 1,000 and Rs 500 denominations to curb black money.

“In the future, in 2-3 or 5 years, they will again regularise black money, depending on their need. You just pay 40-45 per cent penalty and the rest becomes white. Isn’t that better? Nobody can question. Now, there will no social stigma as well,” Chandrababu said.

Noting that politics has become a “shelter” for corrupt people and black money earners, he said, “Some people who are in politics are misusing the people’s mandate. I am writing a letter to the Prime Minister today asking that Rs 1,000 and Rs 500 notes be abolished and total bank transactions be encouraged.”

The chief minister said once these currency notes are abolished, it would also put an end to “buying of votes”.”In course of time, we have to go for total bank accounts. We have to bring in that culture. One, you have to regulate and two, you have to bring in that culture. Then it will curb the evils,” Chandrababu said.

“A smartphone is enough to deal with everything. Be it shopping, travelling, money transaction or even if you have to spend money abroad, a smartphone is enough,” he said.

It appears now that the Modi government immediately took steps in this direction,without any preparation to assuage the damage to common man. However our Chief Minister was quick enough to sell his family enterprise “Heritage” before the axe fell. Our leaders’ understanding is, the common man is one who owns a “smart phone” with which he can survive anywhere – “even spend money abroad”!

First Published:  14 Nov 2016 10:51 PM GMT
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