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
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