On Nov 8th, 2016 the Prime Minister told the citizens that “For years, this country has felt that corruption, black money and terrorism are festering sores, holding us back in the race towards development.” He went on to add that enemies from across the border run their operations using fake currency notes.
He added, “The magnitude of cash in circulation is directly linked to the level of corruption. Inflation becomes worse through the deployment of cash earned in corrupt ways. So in this fight against corruption, black money, fake note and terrorism, in this movement for purifying our country, will our people not put up with difficulties for some days?”
Let us ignore the temporary hardship
Let us join this festival of integrity and credibility
Let us enable coming generations to live with dignity
Let us fight corruption and black money
Let us ensure that the Nations’ wealth benefits the poor
Let us enable law-abiding citizens to get their due share
I am confident in the 125 crore people of India and I am sure the country will achieve success.
Three years have passed. Where is the black money? Has corruption ended? Could we reduce the circulation of cash? Has inflation come down? Has terrorism ended? Has fake currencies stopped? What happened to the promise of wealth to the poor? Let 125 Crore people introspect.
Thomas Franco is former General Secretary of All India Bank Officers’ Confederation.