In less than 3 months, WE THE
PEOPLE OF INDIA are going to celebrate the 1st anniversary of the
demonetization of Rs.500/- & Rs.1000/- currency notes. Many mega claims of
deposit of demonetized currency such as, “these much lakh crores” etc. were
made by the Prime Minister, Finance Minister, etc. right from the day one of the
demonetization. However, the erudite and efficient RBI Governor on 12-7-2017
made a statement to the Parliamentary Committee that the demonetised notes
deposited after the demonetisation was still being counted. This revelation
prima facie go against the huge claims of the Prime Minister and others about
the deposit received on account of the demonetization. Whether it means,
Government of India is running the business without any knowledge of the money
in its account. These are the old currency already replaced either by new
currency or by crediting the value in the accounts of the respective
depositors. So there are two ways to calculate the amount, either what is
received or what is paid. So who is telling lies to the Parliament, Governor of
Reserve Bank of India or the Prime Minister/Finance Minister of India? If so
for what purpose?
The main issue projected by RBI for
not releasing the final figure of demonetization is non completion of counting
of currency. It is only a lame excuse and with a purpose to divert attention.
Money is already collected by the banks by counting and equal amount is also
credited to the respective individual account or returned in cash. Here only a
reconciliation problem may occur. But in this digital era, that much time is
not required for reconciliation.
Therefore, the real issue could
be to accommodate black money of big sharks. It can also be corroborated with the
recent incidents of seizure of demonetized currency in bulk while in transit. What
for these demonetized notes are being transported? To be sold as waste paper?
It is being transported with a clear purpose. The more possible purpose could
be to put it into the account through back door at higher level to avoid notice
because at lower level it would be leaked out and the names of big sharks would
be out. If the account is closed and final figure is out, this plan could not
be executed. Therefore, there is possibility that this could be the biggest
scam of India.
If the claim of the RBI that the
money deposited till the end of December2016/March2017 is not yet counted is
accepted, then the financial accuracy of the budget and appropriation is at
risk similar to the fodder scam and security scam went on without notice for a
long time due to lack of timely reconciliation of accounts.
A similar exercise done earlier was during the previous Government is elaborately described in chapter 4 of my
book “A FRAUD IN THE INDIAN CONSTITUTION” of which a copy is available with
the Finance Ministry : http://www.publiccause.manjaly.net/2016/09/list-of-complimentary-copies-of-my-book.html
In this regard, my earlier blogs
listed below may also be referred to:
-
1. http://www.publiccause.manjaly.net/2017/07/demonetisation-effect.html
2. http://www.publiccause.manjaly.net/2016/12/pm-address-to-nation.html
3. http://www.publiccause.manjaly.net/2016/12/failure-of-currency-demonetisation.html
4. http://www.publiccause.manjaly.net/2016/11/religious-places-can-be-misused-to-make.html
5. http://www.publiccause.manjaly.net/2016/12/new-corruption-bill.html
