Winter Session: Demonetisation will dominate, but does Modi have a counter-chaos plan?

PM Modi will have to use his charisma, which he is known for, to get the business going As the winter session of Parliament begins tomorrow, the nation is still in the painful process of swallowing a bitter pill administered by Narendra Modi in the form of an abrupt ban of Rs 500, Rs 1,000 notes announced on 8 November. The demonetisation process initiated by the Modi government is the biggest ever crackdown on fake currency dalals and black money hoarders in this country after a similar crackdown by the Morarji Desai government in 1978. Political accusations But, besides the pain caused to the public on account of cash drought, the other big charge the government will likely face in the House is the allegation Delhi Chief Minister Arvind Kejriwal raised last week — that the government allegedly leaked out the information to the BJP and its “friends” well in advance. The black money hoarder who knows about the measures coming soon would have used benamis to put the unaccounted cash into different bank accounts to escape tight scrutiny and tax/ penalty implication that will happen on such deposits post the demonetisation announcement. And suitable action may follow,” revenue secretary Hashmukh Adhia had said last week.’ In this backdrop, someone who knew about the ensuing measures could have very well used different persons to put money in various accounts and make the black money legit, said an economist who didn’t want to be named.