*Demonization: Assault on the People*


*Ram Puniyani*



The month old gamble of Mr. Modi (November 2016) has put the whole country
in an unprecedented chaos. The demonetization of 86.4% of the circulating
currency in the form of Rs 500 and 1000 rupee notes has put into jeopardy
the life of major sections of society. Nearly seventy people have died in
the queues to withdraw the money from Banks/ATMs. The daily wage workers
have to lose their daily earning to withdraw the cash, many daily wage
earners had to go back to their villages for lack of work, the small trade
has been damaged severely, farmers are neck deep in trouble while probably
those holding the ‘black money’ don’t have to suffer such an ordeal. The
80% of estimated black money is stashed in the overseas tax heavens;
roughly 15% of such wealth is in the form of real estate, gold and shares
etc. Its only 5% of money which is in the form of currency notes. It is for
this 5% quantum that 86% currency has been demonetized and millions of
people, who barely make their two ends meet, have been put to such a
massive discomfort.



The impact of this is that the hard earned money of the peasants and common
people in the cooperative banks, agricultural credit societies, housing
societies and so on has been frozen in a single stroke. The
agricultural-rural economy is close to paralysis. The massive loans of
corporate houses have been labeled as ‘Bad loans’ and have been waived off.
All these expose that the true intention of this assault is not eradication
of black money, but to unleash a social engineering for draining away the
meager earnings of the common people in to the coffers of corporate
billionaires through the banking system. This move has full backing of
those who deal with black money or those Corporate giants who stand to
benefit as their loans are being waived off.



The response to this has been very diverse. Most of those standing in long
queues have expressed their opinions though their life and sweat. While few
among them have also praised the effort by saying that in the long run it
will be better for them. Most of the opposition parties though disunited as
usual have vehemently criticized the move of the government. Prominent
economists and substantial section of media have scathingly criticized the
move of the government. The critics of the Modi policy, again as usual are
being labeled as anti Nationals. Baba Ramdev, the fellow traveler of Modi
politics used the word ‘Deshdrohi’ (anti national) and RSS groomed Devendra
Fadanvis, the Chief Minister of Maharashtra, used the word Deshvirodhi
(against the nation) for these critics. The large section of followers of
Modi mania, despite their discomforts are holding that it is a good move.
Their delusion is that in the long term the system will be better and they
will benefit. Modi launched an app to conduct the survey to show that
people’s opinion is with him, while few surveys are showing growing
resentment against this move.

It’s no mystery as to why this must has been undertaken. Two major Gujarati
papers had carried the news of demonetization several months ago. Many are
arguing that it is to cripple the opposition parties in the forthcoming
elections in UP and Punjab in particular. The idea is to reduce the
campaigning capability of opposition parties. There are reports that BJP
has lots of real estate just prior to demonetization. The problem of ‘bad
loans’ given to the corporate are being aimed to be solved through the
public funding for Corporate giants through the banks, through the massive
deposits which is the goal of this move.



Modi campaign for power in 2014 was built around the promise of Acche Din
and bringing the black money from overseas banks and then depositing of 15
Lakhs in every body’s account. The social scenario has worsened abysmally
during last two years. The prices of commodities reached sky high during
this period. Tur dal has shot up from Rs. 60 to 150 per KG. Despite the
drastic fall in the prices of crude oil in international market from 119
per barrel to 30 per barrel, the petrol price in India has come down only
from Rupees 67 to 60 or so only. Corporates like Mallya have made merry by
running away with huge debts. This along with the non realization of
boastful promises like rupee becoming stronger viv a vis dollar are nowhere
in sight. The agrarian crisis has been worsening. With the demonitisation
the production in unorganized sector has come to a near halt. It seems Mr.
Modi, taunted by opposition and critics on his boastful promise, now wants
to claim that so many efforts are being done in this direction. As such the
major area of non taxed money remains untouched. There is a push towards
cashless economy where large number people seem to be unprepared for that.

During last over two and a half years the so called fringe elements of RSS
combine, Modi’s ideological pond; has become bolder and has thrown up non
issues, identity related one’s in the public domain. These emotive issues
which took off from the Ram Temple-Babri Mosque dispute have been joined in
by issues related to Holy cow, beef, pseudo nationalism Bharat Mata ki Jai,
abolishing the autonomy of education institutions, creating a growing
atmosphere of intolerance leading to returning of awards by eminent writers
and social workers has come to the fore. The deeper issues related to
poverty alleviation, employment, malnutrition, health and matters
pertaining to agrarian crisis have been buried under the weight of pseudo
nationalism. This hyper nationalism has also worsened the state of affairs
in Kashmir and relations with neighbors; with Pakistan and Nepal in
particular.



This seems to be a move which will benefit the corporate World and is
creating huge suffering for the average people. The propaganda, ‘this will
benefit us’ has been created with great amount of success. But can this
deceptive propaganda win over the reality for so
long?

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