TIWN Sep 3, 2017
AGARTALA, Sep 3 (TIWN): With the return of Rs. 500 and Rs. 1000 all the experts have analyzed whether demonetization was a success or not. But the main questions remained unasked was whether the black money owners dared to deposit their moneys in banks ? A huge bundles of currencies were recovered from Agartala drains on the first rain after demonetization and also similar incidents happened in other states also. Above Rs. 2.5 lakhs hardly public deposited as it was warned by the Govt of India if above Rs.2.5 lakhs are submitted it will be strictly scrutinized.
It should be remebered that after the demonetized notes that overflown the drains of Agartala’s Baldakhal area under Chandrapur on April-20, it turns the property debacle, non-tax payers history as fresh issues of debate.
Moreover, how demonetization had successfully hacked public’s black money has been proven when due to AMC’s year long corruptions the water disposal machines left paralyzed led the back money to flood with rain water after the 1st rain of the monsoon. State had witnessed CPI-M’s anger against Modi Govt for demonetizing 500 and 1000 notes through multiple protest rallies, demonstrations. CPI-M State Secretary Bijan Dhar kept on asking, “Where is the Black Money”. Hence, AMC controlled drains have shown Bijan Dhar some glimpses of black money in this small hilly state Tripura, where unemployment rate is 7 lakhs and Govt employees undergo tight budgets during the whole year on April-20, 2017.
However, all but 1% of Rs 1,000 and Rs 500 denomination banknotes (by value) invalidated on November 8 had been returned by the end of June, according to the Reserve Bank of India’s annual report released.
The report said 98.96% of the Rs 1,000 and Rs 500 denomination banknotes that had been invalidated had been returned.
The central bank said “subject to future corrections based on verification process when completed,” the estimated value of the banned notes it “received” was Rs 15.28 trillion. This compares with the Rs 15.44 trillion of the banned notes that were in circulation as of November 8, according to data given by minister of state for finance Arjun Meghwal to Parliament on January 21.
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