BJP MLA’s claim that Ambanis, Adanis had prior knowledge of demonetisation may hit party image

The government has come under severe criticism for its sudden announcement and several political parties have called for a joint parliamentary committee probe into the demonetisation move.

Written by Kanishka Singh | Updated: November 17, 2016 2:21 pm
demonetisation, bjp, ambani, adani, rajasthan mla, bjp, demonetisation news, india news, bjp news, narendra modi, modi news, india news The ban on these currency notes meant that 86 per cent of the paper currency in circulation became invalid.

A Bharatiya Janata Party legislator’s statement that industrialists Ambanis and Adanis already knew about the demonetisation before it was announced may hit the party’s image hard. This also raises questions about the BJP’s inability at this crucial juncture to keep its house in order.

The legislator in question is Bhawani Singh, an MLA from Kota, Rajasthan. He claimed that Ambanis and Adanis knew about the demonetisation of Rs 500 and Rs 1,000 notes prior to announcement of the ban on November 8 and it gave them an opportunity to sort their money in advance.

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The time is crucial for the BJP. It has several key pieces of legislation to pass in this session and elections in Punjab and Uttar Pradesh coming up. Any slip ups will hit the party hard. PM Modi and Finance Minister Arun Jaitley have insisted that sudden announcements were because of secrecy concerns over demonetisation process. However, Bhawani Singh’s allegation, which amounts to breach of confidentiality by some within the system, are anything less than serious and the Opposition may latch onto this for cornering the government further.

The government has come under severe criticism for its sudden announcement and several political parties have called for a joint parliamentary committee probe into the demonetisation move. The move was apparently aimed at making black money accumulated by people as null and void, but has ended up causing huge inconvenience and cash crunch for the general public.

The ban on these currency notes meant that 86 per cent of the paper currency in circulation became invalid. In such times, Bhawani Singh stated that the process could’ve been planned properly and could’ve moved step by step which in a way rubs salt on wounds of the government. He has claimed that the currency ban was ‘unplanned’ and ‘the government could have given people some time to get things in order.’

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BJP will want to rein in MLAs criticising moves announced by the prime minister himself. As it stands, the issue holds potential to washout much of the Winter Session of Parliament. Thursday saw repeated adjournments in both houses after Opposition parties kept up their high pitch against the currency ban and questioned the prime minister’s absence from the Parliament when an issue directly affecting the 1.3 billion population of India was being discussed.

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    Onkar Singh
    Nov 17, 2016 at 9:32 am
    BJP's party unit deposited higher denominational notes hours before demonetization,i n Kolkata. Today a picture is doing the rounds that lakhs of rupees in the denomination of Rs.2000/- were caught,when being given as bribe. People in the country all over are being given only Rs.4500/-,and reduced to Rs.2000/- from Friday. Will the PM explain this phenomenon? Money in bulk is available in bulk for bribe. Who gave that money? And bribe was given in the state of Gujarat. Does it mean there is no limits to exchange money in Gujarat? Lakhs are available in Gujarat.How is this possible? People in the country are reeling in pain to get their money exchanged,ATMs are empty all over the country. Whom are you trying to fool,Modiji? Now the cat is out of the bag that Ambanis and Adanis knew about the demonetizing of notes!! Is it true that the new Governor of the RBI Urjit Patel is related to Mukesh Ambani? If this fact turns out to be true then, the question of " secrecy " is to be taken with a pinch of salt!!! What was the necessity of printing the notes of the denomination of Rs.2000/-? For whose convenience? Fake notes moving in the economy is to the tune of 0.028per cent of the currency,if I heard rightly,MP Yechury's speech? Terror funding is through electronic legal channels,is also what probably the opposition MP said. So what was Modi trying to achieve?Self pride.Modern age " Mohammed bin Tughlak "Modi,of this century?
    Reply
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      Aid
      Nov 17, 2016 at 10:13 am
      Kick that a%% h £€e
      Reply
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      CRUSADER CAT
      Nov 17, 2016 at 11:47 am
      AAP collected huge black money by selling tickets for Punjab Elections. The Ghanta Singh suddenly got this shock. All were asked to come out clean before Sept. 30 , given even enough time and opportunity. If AMbani, Adaani had availed before Sept 30 then AAP has to blame themselves.
      Reply
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        Casb
        Nov 17, 2016 at 1:13 pm
        BJP has taken the people of India as Guaranteed Fools.... Playing with their minds and life....
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          Rajat Agarwal
          Nov 17, 2016 at 9:50 am
          Is it just an accusation or is there dome proof.
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            arun
            Nov 17, 2016 at 9:57 am
            where is the proof ? Don't be Kejriwal... The nation fed up with one kejri already.
            Reply
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              arun Tiwari
              Nov 18, 2016 at 6:07 pm
              It seems concern MLA have day dream problem and commenting for cheap publicity.....
              Reply
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                Barb Dewyre
                Nov 17, 2016 at 12:28 pm
                I don't find anything wrong in whatever he has said.
                Reply
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