This is how international media responded to India's currency ban which shows the impact of this historic decision over world economy
and how it is going to 'stop' corruption and black money in India! (However, even if it is reduced, it may be a big achievement).
IMF, European Union, World Bank and every reputed international organization has supported this move.
World Bank President has even said, ”I am a big fan of Modi!”
Forbes:
Five days after the decision, Forbes has published an article
titled “India’s Great Bank Note Switch Appears To Be Working –
“$30 Billion In Rs Deposited In Banks.”
The article notes that a move of this magnitude would result in
“obvious chaos”, but points that
“so far at least it looks as if it is working.”
The article goes on to call the scheme
“rather well done, a clever plan.”
New York Times:
A New York Times quoted an expert saying it was a wise
move. “The plan, top secret until Mr. Modi’s
announcement, was hailed by financial analysts, as bold and
potentially transformation for India.
It is also a high-stakes experiment,” the article said.
Washington Post:
It called PM Narendra Modi’s initiative as "ambitious" and
in keeping with his election time vow to initiate a
crackdown against black money. The Post said
Black money in India ‘is estimated to total from
$400 billion to more than $1 trillion’!
The Independent:
This Singapore-based paper published a glowing
article on the move titled
“Modi does a Lee Kuan Yew to stamp out
corruption in India.”
Lee Kuan Yew was the
Singaporean Prime Minister for several decades and is considered to be the architect of modern Singapore.
“Government leaders feel that the sudden move by the Indian Prime Minister has brought new respect for him.
Bloomberg:
In an article published in the leading American financial journal Bloomberg, Swiss global financial services company UBS Group AG
said that Australia should follow India’s lead and scrap its
biggest bank notes.
“Removing large denomination notes in Australia would be good for the
economy and good for the banks,” UBS analysts led by Jonathan Mott said in a note to clients on Monday.
Benefits would include reduced crime and welfare fraud, increased tax
revenues and a “spike” in bank deposits.
The question is who are those who are opposing the move Tooth & Nail.
Answer is simple:
•Those politicians who have horde of Demonetized Notes which suddenly have become garbage.
•Those Business Persons who, in last seventy years, have become so much used to doing business without raising bills, those who work with Slips to Pay or Receive the money.
•Those who, instead of using banks to Transfer or Receive Cash, use HAWALA channels instead.
•Anti national Unpatriotic Media who wants to cash in on people’s difficulties & problems by magnifying every small thing. They feel frustrated when the see the so called Common Man and Poor for improving whose lot, this gigantic measure has been taken, braving the difficulties and problems with great acclaim. A clear attempt by media to create Fear Psychosis in peoples' mind can be seen.
WHAT DO THEY ALL GAIN :
These are the people who wants Status Quo to continue & India to remain as we have lived for centuries, poor, under nourished, unemplyed without proper Medical facilities.
WHO UNDERSTANDS : The Common man, poor farmer, daily wage earners & everyone affected and is ready to face present difficulties to meet the challenge head-on so that they themselves, their children & grandchildren live in a BETTER INDIA of their Broken DREAMS.
They understand the nefarious designs of these Opposition Politicians, crying hoarse, Business people & ‘Desh drohi’ Media. They are prepared to Sacrifice their TODAY
for a BETTER TOMORROW.
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