Demonetisation may impact polls, lot of politicians already worried: Parrikar

Parrikar explained the need to be 'unpredictable' as part of the nuclear strategy.

By: Express Web Desk | New Delhi | Updated: November 11, 2016 2:22 pm
Demonetisation, Manohar Parrikar, nuclear strategy, India nuclear strategy, Demonetisation economy, Banks demonetisation, Black money Union Defence Minister Manohar Parrikar

Nearly a fortnight after Rs 500 and Rs 1000 notes were demonetised by the government, Union Defence Minister Manohar Parrikar indicated on Thursday that the move may impact polls and said a lot of politicians are already worried. Parrikar was addressing a press briefing when he talked about demonetisation. He also said he came to know about the move to do away with the higher denomination notes only at the Cabinet meeting when the Prime Minister’s speech was aired. Parrikar said the next morning he realised he was the richest in the defence ministry as he had Rs 220 (in smaller change) in his pocket. The Rs 7,000 he also had did not matter then.

AUDIO: Worried About Replacing Rs 500 & Rs 1000 Notes? Don’t Fall For This Fraud Call

“This is an excellent step by the Prime Minister. Black money was used in elections. That black money has become null and void. So obviously, it will ensure more free and fair election,” he said speaking at the launch of the book “The New Arthashastra – A Security Strategy of India,” edited by Brigadier Gurmeet Kanwal (Retd).

He said there are “substantial counterfeit notes” which India’s enemies are using for terror funding. “As a Defence Minister I am very happy. In one strike it has all vanished,” he said.

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  1. B
    bala Raja
    Nov 10, 2016 at 4:57 pm
    I wonder how BJP is going to spend in the UP elections. Are they not worried? Are all the parties (including BJP) going to deposit all their cash in banks and start withdrawing 20,000 a week? Doesn't seem likely. How are they going to fund the elections, including payments to voters? They can possibly take new cash from the usual "donors" and pay them back with the old money they deposit in the bank. I'm just curious what shenanigans the parties are going to do. No way that this ban is going to impact the parties. They'll find a way.
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    Birender Bakshi
    Nov 10, 2016 at 6:47 pm
    Ministers seem to worried about demonetisation.Shows they and their parties have lots of unaccounted funds.Government must raid suspected ministers,politicians,political parties and large number of corrupt bureaucrats who have stacked 100's crores of ill gotton money.Carry out large scale raids all over India,prosecute and send them to jail.Learn from Singapore and Bangkok.Send all corrupt politicians,ministers and bureaucrats to jail.
    Reply
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    ashwin
    Nov 10, 2016 at 4:13 pm
    LOL ...what a joker ...kisne banaya tujhe defense minister of India..lollt;br/gt;...haan yaad agya ...surgical strikes ka copyrighter lol...
    Reply
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    ashwin
    Nov 10, 2016 at 4:14 pm
    Seems he might have already cleaned his black money....
    Reply
  5. D
    dharampalgupta
    Nov 10, 2016 at 4:47 pm
    everyone is free to draw one's conclusions.
    Reply
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    Dr.P.L.Nawalkha
    Nov 11, 2016 at 12:59 am
    Bloodless coup of black money woven Don's of power?
    Reply
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    T DUTTA
    Nov 10, 2016 at 4:08 pm
    BLACK MONEY MAY BE USED TO PURCHASE HIGH VALUE AIRLINES TICKETS IN CASH---AIRLINES OFFICES AND AIRLINES TRAVEL AGENTS MUST BE ASKED TO SUBMIT FORTNIGHTLY RETURNS TO RBI AND INCOME TAX GIVING DETAILS OF HIGH VALUE TICKETS [INCLUDING INTERNATIONAL TICKETS] IN CASH---MENTIONING THE PAN NUMBER OF THE PURCHASER
    Reply
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    T DUTTA
    Nov 10, 2016 at 4:06 pm
    DEMONETISATION DONE IN VIGILANCE AWARENESS WEEK
    Reply
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