Demonitization in India :500 and 1000 Note's are banned
Currently Demonitization is the most hottest Topic in India .The Government of India took the step of demonetization
of Rs 500 and 1000 bank notes on 8 November 2016.
The announcement was made by the Prime Minister
of India Narendra Modi in an unscheduled real time televised address to the nation at 20:15
Indian Standard Time, the same day.This bold decision effects 1.25 billion people
of the country. Television and social media are having debate after debates every day
& night on this issue. Defense Updates is underlining
3 very important strategic benefits of the demonetization decision.
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Benefits -Demonitization in India
1. An organized criminal network has been working
in a country to print fake high quality Indian currency notes. The mint, run
by a country intelligence agency uses don's,criminals to
pump fake currency into India. Every year, criminals,don's etc, uses a complex web of
couriers, banks and other methods to flood the Indian market with fake currency, for
use as ‘terror fund’ and to spearhead disturbances.
2 .More than 26 lakh fake notes of the demonitization of Rs 500 and Rs 1000, with a face value of
approx Rs 167 crore, have been recovered.These are seized by the Reserve Bank of India
(RBI) and law enforcement agencies in India from 2011 till 2015 as per data on the Lok
Sabha website.This money is used to fund terror activities
across India.Top security officials have said that PM Modi’s
surgical strike on black money has dealt a body blow to Pakistan’s multi crore fake
Indian currency network.Left-wing Maoist extremism has been major
internal security challenge of India over the years.
3.As per estimates of intelligence agencies and other experts, the annual money collection
by Maoists may be over Rs 1,500 crore. Money as 'levy' ,is collected from road contractors
and big industrial houses carrying out mining activities in states like Bihar, Chhattisgarh
and Jharkhand.Intercepts of recent conversations among CPI(Maoist)
leaders based in Bihar and Jharkhand show them discussing the fear of losing their piles
of cash collected through extortion and 'levy'.In a recent crackdown on Maoists on November
3, three persons were arrested and around 86.5 lakh were recovered. Maoist fronts in metros like Kolkata and Delhi
have come forward to publicly oppose demonetization.Some are holding protests demanding a roll back,and members of a CPI(Maoist) student wingin Delhi have launched propaganda against
demonetization through social media posts.It is well known fact that Pakistan funnels
fake currency into India through differentchannels.
This money is used in turn by separatist leaders,to fund unrest in Kashmir. Separatists pay
stone pelters and other anti-national elements.Youths are paid Rs 500 to Rs 1000 for pelting
stones per day. Notes of high denomination have been used mainly for this purpose.In one video released by electronic media,
a stone-pelting youth captured by security forces was seen confessing that he would regularly
get money from separatist leaders for resorting to stone pelting.Unidentified people have set fire to 25 schools
in the Kashmir Valley in the last two months.All this activities need sponsoring.Incidents of stone pelting have reduced drastically
in unrest-hit Kashmir ever since Prime Minister Narendra Modi announced the demonetization
of Rs 500 and Rs 1,000 currency notes across the country.
As per one senior official: "There could bestill some remaining money with them, once
that is over, this paid stone pelting will stop".So that's all hope you have known some benefititng fact's of india after the act of demonitization ,hope you liked this article if you liked
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