Case for demonetisation of thousand rupee notes

In the Tamil Nadu state election, it is reported that several crores of rupees of cash have been freely circulating in the state, which are being distributed by political parties to bribe the voters . Many people believe that such information appearing in the media are true and factual.

While Election Commission is unable to tackle this cash distribution menace during the elections as it appears to lack the will to do so and is functioning more as routine administrative body rather than as constitutional body with powers and responsibility to conduct free and fair election, the ground reality is that such very large amount of cash is in circulation.

Obviously, such cash are generated as black money and political parties collect such cash from industries and other sources by coercion, threat or extending favouritism for bribing the voters during election period.

There are also rumours that large amount of counterfeit notes may also be in circulation.
Such black money in circulation is causing havoc to the national economy, boosting the real estate price and causing several other adverse developments.

While the government of India is trying to bring out black money by announcing amnesty schemes etc. and conducting raids which yield very limited results, the best way to bring out the black money is to immediately demonetize thousand rupee notes.

This will have immediate and telling effect on the circulation of black money and catching the corrupt people, that would considerably help in reducing the cost of living index.

It is not clear as to why government of India is not adopting such simple solution . Is it possible that just like Election Commission, government of India also lack the will ?

N.S.Venkataraman
Nandini Voice For The Deprived
nandinivoice.com more