Bold, solution in one stroke: Black money probe judge

The SIT, constituted immediately after the Modi government came to power in 2014, has submitted several status reports to the Supreme Court.

Written by Ritu Sarin | New Delhi | Updated: November 9, 2016 4:49 am
rs 500 ban, rs 100 ban, rs 500 invalid, rs 1000 invalid, currency ban, money ban, black money, narendra modi, money surgical strike, money corruption, how to change money, indian express news, india news, latest news Justice Shah told The Indian Express: “I certainly see this as a very bold and good move and I am happy that our task of taking out black money from easy circulation, which we thought was so complicated, has been resolved with one stroke.”

Endorsing the latest move to clean up the economy, Justice (retired) M B Shah, chairperson of the Special Investigation Team (SIT) on Black Money, Tuesday night described the government step as “very bold” and “path-breaking”.

Justice Shah told The Indian Express: “I certainly see this as a very bold and good move and I am happy that our task of taking out black money from easy circulation, which we thought was so complicated, has been resolved with one stroke.”

The SIT, constituted immediately after the Modi government came to power in 2014, has submitted several status reports to the Supreme Court.

Justice Shah said they have been making various recommendations but none as bold as the one by the government.

“We had no idea this was coming. We have noted in our reports that black money and huge cash distribution takes place during elections in India, and that this should be curbed. We have also made suggestions that there should be a limit of around Rs 10-Rs 15 lakh cash which people can keep at home. This may be needed for medical emergencies since some hospitals accept only cash. But this move will eliminate all hoarded cash and I am 100 per cent happy with the move,” he said.

As a result of this “path-breaking” move, Justice Shah said, the government has taken a bold step to clean the election process.

“Evidently, people who have slashed away cash in their homes, offices and lockers with unfair and dishonest means will not go to the bank and either deposit the cash or want the currency changed for smaller denominations. Black money hoarders will not use the window given by the government. So this single step will go a long way and the SIT can only describe it as a welcome bold step,” he said.

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  1. A
    Avinash
    Nov 9, 2016 at 2:07 am
    What about culprits?lt;br/gt;Any plan to get and punish them?
    Reply
    1. G
      gopal
      Nov 9, 2016 at 4:49 am
      it will take quite some time to regenerate the kind of black money that was circulating in the indian economy and by that time hopefully most of the payments would have gone digital hence possibility of lesser black money generation
      Reply
      1. A
        Ashok Mazumdar
        Nov 10, 2016 at 2:23 pm
        One Gujju Praisinglt;br/gt;Another Gujju.
        Reply
        1. M
          manikantan
          Nov 9, 2016 at 6:25 am
          Modi may have made lakhs of enemies by now. Right from money lenders, politicians including his own party men, traders, jewelers, real estate magnates, educational insutions hospitals, bollywood, industrialists and businessmen, dons and mafias all deal with black money. I think indian politicians and business people are smart enough to find a way around this.
          Reply
          1. M
            Manohar Sharma
            Nov 9, 2016 at 12:42 am
            a very Bold step by Modi Government.
            Reply
            1. N
              Narendera
              Nov 9, 2016 at 3:07 am
              YES , we hope soon , those m who looted country through BOFORS , common wealth game scandal , 3 G Scam etc. would be punished .
              Reply
              1. N
                Narendera
                Nov 9, 2016 at 3:08 am
                You are stupid , Modi has no role , It is the court , who is supposed to punish PROVIDED evidences are put up before them .
                Reply
                1. O
                  OmKar
                  Nov 9, 2016 at 3:00 am
                  Great stroke. All corrupt will criticise him for loosing easy money.
                  Reply
                  1. R
                    Raghu
                    Nov 9, 2016 at 1:24 am
                    My prayers goes to this real hero of our nation. I and most desh premies love and salute to this great leader on this couragious decition taken by Modi ji.lt;br/gt;May God bless with long live to serve his country and people.
                    Reply
                    1. R
                      Rahul Tyagi
                      Nov 14, 2016 at 6:12 pm
                      Bold step
                      Reply
                      1. R
                        Ramesh Chhabra
                        Nov 9, 2016 at 5:38 am
                        How would you say we cannot have democratic elections without black money? Whether such step is limited for UP elections?
                        Reply
                        1. R
                          Ramesh Chhabra
                          Nov 9, 2016 at 3:12 am
                          My questions- Forty Years earlier same step was taken by PM Mr. Desai. Whether Corruption was stopped? Factories of Fake coins- How circulation of fake coins will stopped? Whether 500, 1000 currency notes are required for NPAs, Scams, etc....? Whether printing cost of new notes 12000 crores plus services of all Banks (The Ban staff is already overburdened) is not burden on citizens those have no black money? .What the cost would had, if the fake currency/ Black money recovered.
                          Reply
                          1. C
                            Chellam
                            Nov 9, 2016 at 5:21 am
                            We cannot have 'democratic' elections without black money. But the SIT needs a revolution to wipe out black money to de-democratise the impending UP elections. Power over Asuras and Mlechas lies at the root of Aryanist politics.
                            Reply
                            1. S
                              Shyamal Ganguly
                              Nov 9, 2016 at 12:22 am
                              Jai Modi. Jai Bharat. Jai transparency. Modi is a real leader. Not a namby-pamby phd in economics PM like Monkey singh.
                              Reply
                              1. M
                                Mona singh
                                Nov 9, 2016 at 10:03 am
                                THIS IS A BRILLIANT MOVE BY MR MODI. Look at the people who are criticising this action. These are people sitting on heaps of black money. They can use it to warm their back side during winter
                                Reply
                                1. P
                                  ProdyotPran
                                  Nov 9, 2016 at 2:18 am
                                  A great bold move in the fight against corruption served with one majestic blow.lt;br/gt;-lt;br/gt;What Modi did without any degree in economics, Manmohan Sigh failed even with a doctorate.lt;br/gt;Also remember, MMS was RBI governor too.lt;br/gt;Pity.lt;br/gt;-lt;br/gt;Political will, my dear friends, political will coupled with unflinching love for the motherland is the key to true progress and development.
                                  Reply
                                  1. B
                                    BM
                                    Nov 9, 2016 at 1:33 pm
                                    But hot notes are gone icy cold.
                                    Reply
                                    1. B
                                      BM
                                      Nov 9, 2016 at 1:31 pm
                                      Can Justice Shah explain this to Chidambaram ? It is not expected that Chidambaram will understand, since, he is worried for his own non-exchangeable money. It seems that apart from Congress and corrupt who stashed illegal money, no one is worried.
                                      Reply
                                      1. B
                                        BM
                                        Nov 9, 2016 at 1:41 pm
                                        Immediately after Morarji Desai changed the notes, Congress loot raj came and they changed their ill-gotten money then. It will happen again, if, Congress loot raj comes back.
                                        Reply
                                        1. B
                                          BM
                                          Nov 9, 2016 at 1:35 pm
                                          Regenerate ? Only if Congress loot raj comes back.
                                          Reply
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