It was unprecedented, surprising but one of the boldest decisions of the Govt so far. In an address to the nation Hon’ble Prime Minister stunned the nation as he announced withdrawal of Rs. 500 & Rs. 1000 notes with immediate effect. While a very small section of the nation is burning midnight oil to choke out strategy to collect the residuals from already completely burnt hut, the entire nation is celebrating the decision as one of the biggest gifts given by the Govt.
In recent past Indian army had stunned the whole world when they carried out an unprecedented surgical strike and demolished several terrorists training camps operating in POK and killed many terrorists. In an another but similar stunning and unimaginable surgical strike to destroy the edifice of Black Money in India, the PM has stunned not only the citizens of the nation but the world community too, as the decision will have a global impact. As the idea of surgical strike in POK was perfectly planned and executed without any adverse impact, the idea of surgical strike on black money and corrupts too is perfectly planned and will be executed.
It was an extremely difficult situation for Pakistan as to how to react on Surgical strike. They were in a big dilemma whether to accept the strike or to reject it because acceptance will expose them before world community that they were promoting terrorism from their soil and rejection will lead to internal protest as demand of rebuttal will be at high. In a similar situation, the corrupt black money holders are in a greatest ever dilemma as what to do now. Govt had given them an opportunity to declare it, pay tax and account it. But the time is over now. Now it is just a piece of papers which is not even worth Rs. 10 a kg. The Prime Minister, while addressing a rally recently in Surat, had hinted for such a strike on black money holders.
Why banks will not be open for public tomorrow?
As the announcement is made and is implemented with immediate effect after close of Banking services today, there would have been an unprecedented rush on bank counters and ATMs. The detailed guidelines and strategy to deal with such situation were yet to reach at ground level of the Bank Staffs which could have led to stampede like situation. In order to avoid the same, the banks are allowed to keep shut for the public so that detailed guidelines could be issued and staffs of Banks can be well prepared to deal with the situation arising after such a crushing announcement.
The action appears to be well deliberated, discussed and perfectly designed that it will be ensured that all genuine holders of Rs. 500 & Rs. 1000 notes will be given enough time to get their money exchanged with legal tender over a period of time but black money will face the limitation check and wont be easily converted into white.
Now it’s time to wait and watch this historic moment which will be written in golden words whenever the history of “Black Money in India and a hunt against it” will be penned down. It will have a global ramification and will be subject to research and study world-wide.
I greatly appreciate the gesture of the Govt of India and am dead sure it will be a perfect master stroke against black money and a big boost to Indian economy.
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