The Demonetisation Disaster - A complete analyse of 52 days

TIMELINE OF SURGICAL STRIKE ON BLACK MONEY

THE DEMONETISATION

“Mitron!

Aa gaye Achhe Din? Ho gaya Vikas? Badal gaya desh? Abhi mat kehna ki aur din chahiye hume…

Congress looted country for 60 years. Modiji has looted more than what congress did in last 60 years during his tenure of 2.5 years. Imagine you survived 60 years with Congress govt but your generation will suffer the worst pain of demonetisation + non business friendly policies of government for years. I strongly feel Modi serves this nation more 5 years because we people deserve him.”

As 50 days of Narendra Modi’s demonetisation drive has ended. Here are the effects of Modi’s demonetisation drive. I have kept a track on the incidents happened after surgical strike on Black Money by banning currency ever since it has been announced on 8^th November 2016. He told how our system will be changed after 50 days. But this has gone horribly wrong. Day after day, we could see how their plan was failed as they took numbers of poor people near cliff and pushed them showing dreams of Achche Din…. from where some unfortunate citizen will never return and many others might not be able to return. Each day they came with new decision, new plan that showed how the demonetisation drive was a huge failure ever happened in history. Below info is taken from major headlines likes Huffpost India, The Economic Times, TOI, Amar Ujala, The Indian Express or Jansatta etc. that may be found on my facebook timeline. And so far, I have found very little gain & huge loss after demonetisation, loss of lives, loss of economy and loss of faith in system.

Nov 8

• Modi announces on live TV for Surgical strike on black money. Bans 1000 & 500 denomination notes from 12 AM. Says it will only be just a piece of paper.

• My Whatapp messenger fills with Modi lovers’ messages.

o   ‘EKAJ FIGHT, SITUATION TIGHT’

o   ‘WAR ON BLACK MONEY’

o   ‘BOLD MOVE’

• Major goals of note ban : Economy will be boosted, Terrorism will be stopped, Black money will be curbed and come in circulation

Nov 9

• Sensex 1600 points down, loses 6 lakh crores in just 15 minutes. (Loss can be compared to expected black money exists in India in form of cash that is 6 lakh crores)

• WhatsApp messages :

o   “KEEP CALM, THE NATION IS UNDER ‘MODI’FICATION”

o   “MASTERSTROKE BY NARENDRA MODI”

o   “NA KHAUNGA NA KHANE DUNGA”

Nov 10

• Gold prices up by 4000. Black money hoarders buy gold in 50,0000 to 55,000 rate
• Ex governor of RBI R Rajan says demonetisation will not boost economy
• 3 crore seized from BJP’s car in Gaziabad. All notes were in denomination of 100
• “Ghar me Shaadi hai, paise nahi hai” – PM takes jibe on note ban in Japan

Nov 11

• Chest thumping of Modi government was allegedly done as soon as he started addressing nation on 8 November by circulating positive messages due to demonetisation
• Bank statement appears showing BJP West Bengal unit deposits 1 crore on 8^th November raises many questions whether they knew before…
• PM demands 50 days from nation in Goa. Cries before audience

Nov 12

• All Public Sector banks get suspicious deposits of 102 lakh crore during July to September quarter

  

  Suspicious deposit before noteban

• Official confirms that they had no time to upgrade security check in new notes.
• People loot grocery shop in MP after cash crunch

Nov 13

• Farmer cheated with duplicate 2000 rupee note. First incident recorded in Chikmangluru.
• Reports of death start coming from various parts of country due to demonetisation

Nov 14

• Ex BJP minister Gali Janardan Reddy plans his daughter’s lavish marriage function worth 500 crore in Karnataka
• Death toll rises to 16 due to demonetisation

• Social media reacts with tag “Note nahi PM badlo”

Nov 15

• Experts believe demonetisation can be disaster
• Death toll rises to 25 due to demonetisation
• “India currency move is bad economy” – BBC
• Replacement of new currency will take 4 to 6 months instead of 50 days
• Rahul Gandhi goes to bank to ATM (He is trolled)
• PM’s mother goes to bank to change currency (Modi is trolled)
• “Cash ban will break economy” – Kaushik Basu (Chief Economist, World Bank) to BBC
• “What’s going on is a clear violation of Article 21 of the Indian Constitution” – Huffpost India

Nov 16

• “Garib chen ki neend so raha hai, aur amir line me khada hai” – PM Modi

  

  Nand Lal, an old man crying after missing his spot at the State Bank of India’s New Colony branch in Gurgaon became the face of Demonetisation- Photo by Hindustan Times

• Laborers start suffer for bread
• SBI writes of loans of 63 defaulters out of 87 worth rupees 7000 crores including Vijay Mallya’s 1200 crore
• Death toll reaches 33 due to demonetisation
• “Cash ban is smart political move that won’t end corruption” – World renowned Economist Guy Sorman, Indian Express
• “To gain something, you have to lose something” – BJP MP Gopal Shetty, North Mumbai on deaths after demonetisation
• Sex workers at GB road lose business
• Rajasthan BJP MP Bhawani Singh claims in video that PM’s close aide knew about demonetisation

Nov 17

• 3 lakh bribe paid, captured in Gujarat with new currency notes of 2000 rupee
• Demonetisation death toll rises 47
• “This is economic nasbandi” – Shankar Sharma, Market Guru

Nov 18

• “Desh me sab kuch normal ho chuka hai. Maine dekha hai.” Arun Jaitley
• Death toll rises to 55
• Economic Capital of India, Mumbai loses 5,722 crores in various sectors. Max in retail.
• “Problem is serious, we will have riots” – The Supreme court of India to centre
• Government spends 10 crore on Demonetisation ads
• “Modi ji ki jaan ko khatra” – Baba Ramdev

Nov 19

• ATM machines are not able to dispatch new 500 & 2000 rupee notes. Parts are ordered from China
• PM gets death threats. Social media reacts with no sympathy.
• Punjab police arrests two men for circulating fake 2000 notes
• Rupee ends nine months low to dollar 68.13
• “PM didn’t go by law” – National Herald

Nov 20

• Exports fell by 45% despite of PM’s foreign visits – The economic times
• Total 11 bank officers die due to demonetisation.

Nov 21

• “Gujarati businessmen knew demonetisation” – Ex BJP MLA Yatin Ojha
• “50 dino me sone ki taraha chamakne lagega desh” – Narendra Modi
• PM will not speak anything in RS about demonetisation – BJP
• "Modi didn’t do his homework” – Forbes
• Bank officers’ union plans to ask resignation from RBI governor Urjit Patel
• “Modi has committed biggest mistake of his life” – The Economist
• Death toll reaches 60+ due to demonetisation

Nov 22

• "Banning note won’t curb black money” – Anil Bokil, man who advised Modi for demonetisation slams Modi government
• “Demonetisation won’t have lasting benefits” – Larry Summers
• 4 lakhs fake currency notes of 2000 rupee found in Odisha
• 2000 rupee notes recovered from terrorists killed in an encounter in J & K

Nov 23

• Reliance communication gets 4,800 crore tax relief from SC

• “Demonetisation, a failure” – Actress Renuka Sahane

o   Actor in support (also need relaxation from government & saffron supporters)

• Amir Khan (Already being protested for Dangal)
• SRK (Already being protested for Raees)
• Salman Khan (Chinkara case reopened)
• Amitabh Bachchan (Scammer in Panama)
• Aishwariya Rai (Scammer in Panama)
• Ajay Devgn (Scammer in Panama)

o   Actor disappointed

• Arshad Warsi (clean man) – badly trolled

• In Ahmadabad, 500 notes of 2000 found in car
• Narendra Modi  asks people to vote in favor of Demonetisation via his app. Gets 92% thumbs up from people. (Total people affected from demonetisation – 1340 M, Total smartphone users- 220 M, Total Namo app users- 5 lakh (mostly Modi bhakts), those are 0.007% of total population)
• Opposition asks for presence of PM in RS. PM absconding

Nov 24

• Demonetisation set to cost 4 lakh jobs (L & T sheds 14,000 employees)
• RBI governor Urjit Patel “missing”
• Manmohan Singh hits back at Modi in parliament.
• Modi remains absent in second half without answering opposition. MLAs shout slogans “Bhag gaya bhai bhag gaya, pradhan mantra bhag gaya”
• Rupee hits record low 68.86 to dollar
• Death toll reaches over 70 due to demonetisation

Nov 25

• There are printing defects in 500 rupee notes. RBI says it’s due to rush
• 27 lakhs found in form of 2000 rupee notes outside Hajrat Nizammudin station. Accused says they have already replaced 1.5 crore with older currency.
• Where is Urjit Patel?
• SC clears date to announce judgment on all note ban cases on 2^nd Dec states matter ‘serious’
• Modi absconding from parliament prefers Punjab rally.
• Opposition seeks apology from PM for calling them “Black money supporters”
• Huge parts of land purchased in Bihar by BJP in the name of Amit Shah before 8^th November.

Nov 26

• WHERE IS URJIT PATEL?
• Death toll reaches 85+ due to demonetization
• Twitterati reacts with anger “Modi Hatao Desh Bachaao”
• Elderly lady shouts about note ban in Modi’s rally. Hit by stick on head and dragged away from rally.
• “Note ban was a suggestion of RBI” – Government of India
• More fake notes of 2000 rupee found in Hyderabad

Nov 27

• Mann ki Baat, PM requests youth to go cashless
• URJIT Patel breaks silence, requests citizen to go “cashless”
• “We are making all efforts to decrease pain of citizen” – Urjit Patel
• Nationwide protest on Bharat Band. Twitterati says “Choron ki toil”
• Times of India survey is removed from site. People disagree over demonetisation were 71%

Nov 28

• Modi absconding from parliament prefers rally. Opposition demand apology for calling them black money hoarder.
• Nationwide protest starts by opposition, Congress’ Jan aakrosh divas
• Two Axis bank managers’ took 40 lakh bribe, deposited 40 crores in old currency – IE
• Foreign investors pull out 5 billion $ after the day of demonetisation – Economic Times
• Loans given to Adani’s companies will not be disclosed – Government of India
• 926 notes of 2000 rupee seized from BJP youth wing member in Salem
• Bill passed in LS for black money hoarders with 50% penalty. (If they were giving such relaxation, there was no need of demonetisation. In these many days, many people have converted black money into white. People are still dying. Scheme seems to be failed)
• Two banks of SBI vandalized due to shortage of cash

Nov 29

• Demonetisation could be as costly as 15000 crores – The Hindu
• Printing of 500 rupee notes stopped. Printing shifted to Mysuru plant after defective notes found.
• Modi orders BJP MP, MLA to submit report of bank account deposits after 8^th November to Amit Shah.
• “It is like taking 85% of blood out of human body” – Prof Arun Kumar, An Economist on demonetisation
• Despite of Demonetisation, 7 more jawans including 2 officers killed in J & K

Nov 30

• “Demonetisation a despotic act” – Amrtya Sen
• “Impossible to transits to a cashless economy, Now or never in the future” – Adi Godrej
• Modi’s ads cost taxpayers Rs 1100 crore, twice as much as the cost of Mangalyan
• Shortage of cash, RBI requests small traders to deposit daily cash in banks.
• Modi attends parliament. Cannot answer opposition. Opposition walks out
• Pay day. Banks, ATM running out of cash
• Rahul Gandhi’s Twitter account hacked. Abusive tweets posted

Dec 1

• New fake currency of 42 lakhs recovered from Mohali. Accused belongs to BJP who participated in “Make In India” program
• Congress’ twitter account hacked. Abusive tweets posted
• Pay day continues. No cash in banks, ATM
• “Economy poorer by 5.8 lakh crore rupees” – Economic Times
• Mukesh Ambani, another industrialist after Ratan Tata thanks Modi for demonetizing currency
• “There might not be any black money as per RBI data” – Indian Express, India Today
• 5 crore new currency seized from a small contractor in Bangalore.
• Surgical Strike on Gold by Arun Jaitley

Dec 2

• “Nothing quite explains the mammoth spike in Bank Deposits ahead of Modi’s demonetisation day” – Huffpost India (102 lakh crore have been deposited in bank before 8^th Nov)
• “Demonetisation hardships will last only one or two quarter” – Arun Jaitley ( So from 50 days they took 4 months, from 4 months they took it to quarter & soon they might take it to years)
• 95 lakhs in new notes recovered by IT in Hyderabad
• “If the country is big, lines too will be bigger” – FM
• CAG report shows maximum BJP MLAs have lots of cash before demonetisation
• Public sector banks registered net loss of 17,993 CR in 2016
• “Printing of new notes will take time” –FM

Dec 3

• Death toll rises to 82 officially due to demonetisation
• CJI Thakur flooded with petitions against demonetisation says there is too much chaos
• Maharashtra : NCP man converted 47 crore new currency from Bank
• Mahesh Shah, Gujarati man who declared 13,860 crore black money in cash goes missing from Ahmedabad
• 27 senior bank officials are suspended
• Despite of 8 million workers stranded unemployed, small scale industries are shut, govt expects GDP rate will grow.
• “Modi’s demonetisation is worse than a disease for India”- Forbes
• “Go digital, even beggars use swipe machine”- Modi after watching a spoof video in rally
• “India’s demonetisation could be the First Cash Domino to fall” – Forbes
• Mahesh shah surrenders

Dec - 4

• Orissa : Over 85 lakh rupee new currency found
• IT dept rejects Mahesh Shah’s claim who declared 13,860 crore & another Mumbai family who declared 2,00,000 crore cash
• “Finance minister knew note ban before demonetisation”- Piyush Goyal

Dec 5

• “Demonetisation, close banks for 15 days”- Bank Union
• “Indian economy expect to grow by 2040” – Modi ( 50 days to 2040)
• Deposits of 80% cash in banned currency raise doubts about success of demonetisation
• Cash starved daily wage laborer set herself ablaze in UP. Dies.
• New currency is not Made in India, paper bought from England, thread from  Italy
• Service sector completely down after demonetisation
• Villagers continue to suffer from cash crunch

Dec 6

• "Demonetisation has left us with no cash even for a decent dinner” – Russian Envoy.
• No relief in sight soon as Rs 10 lakh crore needed to end queues at banks, says RBI – Indiatimes
• Court asks RBI on what basis they have set withdrawal limit.

• 8 arrested from Hyderabad with 58 lakh rupee new notes including a dentist

Dec 7

• BJP activist Manish Sharma caught with 33 lakh rs all new notes in West Bengal
• “India’s demonetisation, Modi didn’t think of poor.”- Aljazeera
• Driver of Gali Janardan Reddy, who planned lavish 500 crore marriage, commits suicide. Blames Reddy’s harassment as he knew that over 100 crore black money were converted in white before 8^th November.
• BIGGEST BLOW OF DEMONETISATION : RBI retains CRR of 6.25% despite of demonetisation.
• “Economic changes can’t happen overnight” – FM
• PSU banks clear 1.54 lakh crores NPA.- Economic Times (Something what Rahul Gandhi and Kejriwal is saying about 8 lakh crore scam to clear NPAs of Banks)

Dec 8

• One month anniversary of demonetisation. Not even a single positive effect of demonetisation. Corruption didn’t end as crores of rupees are being caught by raids (illegal money laundering exceeded, terrorism continues as Army busy and war on black money turned into Cashless Economy drive overnight)
• “Demonetisation has derailed economy” – HDFC Chairman Deepak Parekh who earlier backed the move
• Goa : Two men arrested with new 2000 notes worth Rs 1.5 crore
• State Bank doubts over 11.5 lakh crore deposits. Double count?
• Chennai : New notes worth rs 70 crore found from jewelers
• 15 tones of  gold sold on 8 & 9^th December (apprx value 75 crore)- TOI
• 43 lakhs in new currency found from a car in Bhopal, car belongs to the President of Anti Corruption unit
• Aruj Jaitley promotes cashless service.

Dec 9

• “If demonetisation is failed, then I am to blame” – Modi (Even he feels that demonetisation is failed now)
• “Was demonetisation policy was confidential? Why was it not planned properly?” – Supreme Court to Center
• More 76 lakh new currency found in Surat
• Delhi Axis bank deposits 100 crore in 44 Fake accounts
• “India’s foreign exchange reserves go down by 1.4 billion $” – The Economic Times
• Government of India planning to issue plastic notes

Dec 10

• Delhi trader sold 100 crore gold in 4 hours on 8^th November
• 70 lakh new currency seized in Hyderabad
• Karanataka : 5.7 crore new currency seized from Havala operator
• 4.5 lakh fake notes of 2000 seized in Punjab
• Delhi : 2.5 crore new currency found in law firm

Dec 11

• “Greater suffering for poor people in days ahead” – Kaushik Basu, World Bank Chief Economist
• Since demonetisation is completely illegal, govt will amend RBI act to dump old 1000 & 500 currency notes – India Times

Dec 12

• Government to import 20,000 ton currency paper from 9 companies
• Delhi law firm raided thrice in a month. 125 crore, 19 crore & 13.5 crore found respectively. This raises many doubts. If your home is raided, will you keep black money again in your house? Be practical and don’t follow government blindly.
• 3^rd holiday in Banks ahead of Eid E Milad, people go cashless.
• Jaipur : Cooperative Bank caught with 1.38 crore new currency notes
• Assam : A businessman caught with 1.5 crore in new currency

Dec 13

• 7 arrested with 93 lakh rupees in new notes from Bangalore
• Nobody is counting deaths caused after demonetisation as the scheme is horribly failed as it might hurt the image of Prime Minister Modi as people expect him to stay PM for next term too. Death toll expected to reach above 100
• ·         Income Tax department continue to raid in country, seized 150 crore illegal cash so far (If we assume that there was 6 lakh crore black cash according to BJP, this amount is not even equal to 1% of that amount, it is merely 0.025% of total black money) and amongst these 150 crore scam, no one from Congress party is involved for whom people always says the Congress looted the country for 60 years. Maximum people who were involved belonged to BJP (It’s like a thief is asking another thief not to steal)
• Modi still unable to face opposition in parliament
• While government is asking to go cashless, they themselves have already lost 30 thousand crore rupees
• BJP minister Krushna Raj, “Those who died outside banks were all black money hoarders”
• In separate incidents, in Gujarat & Madhya Pradesh, new currency of 13 lakh & 14.40 lakh is found respectively
• 12.44 lakh crore out of 15.5 lakh crore came back in system – RBI. 19 days to go as RBI expect to get more deposits.
• 1.04 crore new currency seized in Thane

Dec 14

• “There should be valid reason for note ban”- Vimal Jalan, Former Guv RBI at IE
• Promoted by Modi to go cashless, PayTM CEO is booked by MP Police as 310 people lost their money
• PM Modi’s 50 day deadline for re-monetisation set to fail – Hindustan Times
• Demonetisation would have been a clean hit for Modi had he executed with enough preparation. But, the hurried, poorly thought out action has backfired badly on economy and the pain is likely to outweigh the likely long term gains of curbing black money, counterfeit notes and corruption – First post
• BJP Gorakhpur unit buys 248 motorcycles during cash crunch
• PM Modi sits silent in Loksabha
• New currency continues to be seized.

Dec 15

• 10 crore found in new currency in Pune.
• Axix Bank in Noida raided, found 20 fake companies accounts with more than 60 crore deposits (Just think if audit is done of all PSU Banks where more than 102 lakh crores have been deposited, all BJP persons will be held. Par aisa karne ki himmat kisi ke pass nahi hai)
• The Hindu shows report that  new 2000 rupee note starts crumbling while handling
• 17.30 lakh cash in new currency found in AP
• 35 lakh new currency notes seized in JAIPUR
• Gunmen loot 11 lakh from bank in J & K
• India’s new currency already being used for corruption. – Foreign Media The Washington Post condemns Modi’s failure on Demonetisation drive

Dec 16

• "Let people use old notes for necessity” – Supreme Court of India takes on Modi Government said that demonetisation had resulted in a “PROBLEM OF EXTREME’
• Deaths due to demonetisation continue to increase. Meanwhile the first incident is reported from Jharkhand where a woman kills her two kids due to cash crunch as demonetisation left her husband jobless.
• Maharashtra : More 42 lakh in new currency found.
• Black Flags shown to RBI Governor Urjit Patel in Kolkata.
• Angry people vandalize SBI in Malda
• Baba Ramdev attacks Modi calls note ban Rs 3-5 lakh crore
• Gujarat : HDFC manager murdered for 9 lakh new currency.
• IT dept recovers 2,900 crore from raids
• Haryana : More 40 lakh in new currency are found
• 48 people cheat with PAYTM worth Rs 6 lakh.
• Supreme court denies to entertain note ban
• Total 393 crore of cash is seized all over India including 80 crore cash in new currency (393-80=313 crore cash cannot be said black money until proven and if it is, it is merely 0.04% of total black money in cash existed and it is very little gain against huge pain)

Dec 17

• Govt comes with new scheme on Black money with direct 50:50 option till 31^st march 2017
• ALL POLITICAL PARTIES ARE EXEMPTED FROM DEPOSITING OLD CURRENCY IN BANKS (BOLD MOVE? EKAJ FIGHT SITUATION TIGHT?)
• “Demonetisation is just like labor(delivery) pain”: - RS Prasad
• Petrol price increased by 2.21 per liter and diesel by Rs 1.79 per liter
• Ludhiana : 15 lakhs new currency found
• Andheri : 1.4 crore in new currency found
• Karnataka : 4.4 lakh in new currency found
• UP: Cop misbehaves with women. Fires round in air, aims at customer outside bank
• 18 lakh in new currency found in Chandigarh
• 10 crore which were seized in Ghatkopar belongs to Pankaja Munde’s cooperative bank
• Despite of demonetization, 3 more soldiers are killed in JK
• 11.43 lakh in new currency seized in Indore

Dec 18

• “Demonetization is like a prostitute” - Bengt Holmström, Nobel in Economics
• 5.7 crore in new currency found in Surat with a tea vendor
• Venezuela reverted demonetization within 2 days after seeing chaos on streets & one person dead. While in India, death toll due to demonetization has marked over 150 people
• After much controversy, EC tries to control over political party funds. (We can never know because political parties are not covered under RTI act)
• Gujarat : SBI cashier hangs himself after demonetisation work pressure

Dec 19

• 48 year old man beaten with stumps for criticizing demonetisation outside bank.
• EPF interest rate reduced to 8.65%
• In various incidents in Gujarat, Banks were vandalized, staff were locked in banks due to no cash
• RBI amends rules for demonetisation 52 times
• 22 crore daily wagers are left jobless due to demonetisation

Dec 20

• 428 crores cash recovered in raids by IT including 86 crores in new currency so far by IT (428-86=342 which is not equal to 0.07%. While most (90%) of the money has been deposited in banks, there is a doubt whether black money in cash existed or not? Demonetisation is a big failure)
• India's economy has reportedly overtaken the United Kingdom's for the first time in over 100 years, now standing as the world's sixth largest economy by GDP after the United States, China, Japan, Germany, and France. But it is because of efforts of Manmohan Singh who also said that the history would be kinder to him at the time of resignation.
• Central government employees, who had a December 31 deadline to declare their assets and liabilities under Lokpal Act, do not need to make the disclosure for now as government is finalizing a fresh set of rules.
• There wasn’t any 500 note available with RBI at the time on demonetisation

Dec 21

• 10 days to go and Arun Jaitly confirms each day that RBI has enough cash before media
• Customers depositing over 5000 facing more trouble with Banks questions
• Bank union threatens to strike
• MP : BJP mp Sushil Vaswani, president of cooperative bank found making cash white worth crores
• Till now no Congress person or Congress MLA has been caught red handed with illegal money. Maximum people are caught with cash belonged to BJP
• BJP Spokesperson Sambit Patra attacked in TV show of Aaj Tak with chairs while speaking in favor of demonetisation
• “Modi losing friends as anger grows over cash crackdown” – REUTERS after demonetisation becomes a headache  for BJP’s ally Chandrababu Naidu
• 59 times rules are changed after demonetisation in 42 days that caused people to lose trust in RBI. Now people calling it REVERSE BANK OF INDIA
• Bank official protest outside RBI in different parts of country
• JAPAN’s NOMURA growth indicator predicts India’s Economy to plunge to lowest since 1996

Dec 22

• New currency worth Rs 92 crore seized by IT official. None of the owner belongs to congress
• Harmindar Singh, General Secretary of All India Bank Union questions RBI. Says demonetisation cost of banks might be around 3,000 crore ( 44 Days x 3,000 crores = 1,32,000 crore cost only bear by Banks. You can imagine other loss occurring due to shut down. It would be unimaginable)
• Ending with 263 points low, sensex is down below 26,000 after constantly falling for a week

Dec 23

• 54 lakh in new currency found from a foreigner in Delhi
• Steve Forbes of Forbes magazine slams Modi, calls demonetisation “immortal” & “sickening” (matlab janta ke paise par daka daala). Forbes said in the editorial that the move by the government will harm its people and set a dreadful example for the world.
• Maharashtra : 1.35 crore new currency are found. All currency is fake
• International Credit Agency Moody’s slams Modi government. Says India has done nothing good to be capable of taking good ranking. Sorry, we have lost our credibility now completely.

Dec 24

• Despite of cash crunch & several problems in Maharashtra, PM inaugurates the construction of the statue of Shivaji Maharaj worth rupees 3,600 crores in Mumbai
• “My aim is to make India a developed country in one generation” – Modi
• Despite of cash crunch and failure of demonetisation PM Modi warns “Beimaano ko 30 December baad barbadi ka saamna karna padega”

Dec 25

• In a last “Mann ki baat” of 2016, Modi thumps his chest for demonetisation instead of saying sorry for spreading a mess in country

Dec 26

• 6 days to go, Sensex falls 234 points, nifty closes seven months low
• Navsari, Gujarat : Cash crunch is on and over 40 lakh currency showered on singers in LOK DAIRA of Farida Mir
• “India’s demonetisation of high value currency notes is a dramatic example of a policy announcement wmade without any serious thought given to implementation” – Esther Duflo, Leading development economist, US
• Demonetisation trouble not over, to spill into new year – Bankers
• Over 26 lakhs fake note seized in Gujarat

Dec 27

• 5 days to go. Death due to demonetisation continues. None of the media person giving exact number of deaths.
• Biggest shock of demonetisation : Foreign inflows hit 2008 lows
• Sensex gains 406 points after constantly falling over a week
• Money lenders make a comeback after currency shortage @ 10% interest rates per month – Business Standards
• BJP ordered online abuse of opponents, claims a book written by ex BJP volunteer Sadhvi Khosla – The Guardian
• 1,300 crore deposited in 15 SBI Banks of Arunachal Pradesh post demonetisation claimed by NIrjuly, a bank manager in Axis bank in a suicide note

Dec 28

• Demonetisation Day 50: Old currency worth14 lakh crore returned out of 15.4 lakh crore. 90% currency is back in system. Govt expected there might be 6 lakh crore black money in cash, later they changed figure to 3 lakh crore. There are only 1.5 lakh crores left now (And remember the daily cost of banks are 3,000 crore, 50 days x 3,000 = 1,50,000 crore losses to banks + small & large business are stranded, daily wage labors are jobless + expense of printing new currency and broken economy…. Nothing changed after demonetisation)
• “Rojgar Thap, Khane ko bhi paise nahi bache” as industries shut down – Indian Express
• Banks are scared, request government to keep restriction of withdrawals – Indian Express
• 4 year jail term for having demonetized currency after 31^st March 2017
• Banks and ATMs are still cashless – The ET
• Book stalls are left with only 10% business – BBC
• Currency printing press refuse to do overtime after falling sick from overworking

Dec 29

• Death post demonetisation continues after 50 days
• Daily wage workers remain stranded without payment in many areas
• Rajkot : Factory owner detained with 700 notes of 2000 rupee
• 50 Days : India’s poor without cards, credit or cash collapsed- The Citizen
• An RTI query is not entertained by RBI. Says RBI cannot disclose reasons behind demonetisation
• Surat : Bank employees start protest against demonetisation
• BJP expecting to celebrate huge success of demonetisation in new year – NDTV
• 700 kms long human chain made in Kerala in protest of demonetisation

Dec 30

• Last day of depositing old notes in Banks. Reports of death are still being reported from various part of country due to demonetisation
• Stock Market Party poops lose Rs 6.2 lakh crore in 50 days
• 86% disagrees demonetisation was successful in Economic Times poll
• ATM withdrawal limit is now 4,500

Dec 31

• Narendra Modi’s promise of 50 days end today.
• PM set to address the nation at 7:30 pm ahead of new year
• PM addresses nation. An hour long speech doesn’t contain the benefit of demonetisation
• PM felt no regret for the deaths occurred due to demonetisation, for poor farmers and for daily wagers.
•       Economic Times poll survey on success in demonetisation ends up with the percentage people disagreed 86%

Ø  Demonetisation disaster was successful by constantly changing notification by RBI. See how the timeline of demonetisation rules have been changed on day to day basis that indicates the government’s complete failure on Surgical Strike

o   Nov 8 : Old notes worth Rs 4000 can be exchanged at banks. Withdrawal limit for ATMs is at Rs 2,000. The limit for bank withdrawals is at Rs 20,000 a week with a daily cap of Rs 10,000. Fuel stations, airports, railways to accept old notes. Old notes can be deposited in banks till December 31st.

o   Nov 9 : Metro stations, ASI monuments, toll plazas and medicine shops are also ordered to accept old notes.

o   Nov 10 : Old notes can be used to pay educational fees, clear any charges, taxes, and penalties due to government, municipal, and local bodies, and those for utilities like electricity and water.

o   Nov 13 : Currency exchange limit raised from Rs 4,000 to Rs 4,500. ATM withdrawal limit increased to Rs 2,500.

o   Nov 15 : Banks instructed to use indelible ink marks on people exchanging money.

o   Nov 17 : Exchange limit lowered to Rs 2,000 after reports of people getting black money exchanged by hiring workers. Farmers are allowed to withdraw Rs 25,000 per week and farm traders are allowed Rs 50,000. In case of a wedding, families can encash Rs 2,50,000 from their accounts.

o   Nov 21 : Farmers are allowed to buy seeds with old currency.

o   Nov 24 : Exchange of currency is stopped. Old Rs 500 notes can be used at petrol pumps and at the airport for buying airline tickets till December 15. Old Rs 1,000 notes can only be deposited into accounts.

o   Nov 28 : RBI waives withdrawal limits, but only for the new notes you deposit in your account. Regular withdrawal limit remains capped at Rs 24,000 per week.

o   Dec 1 : Old Rs 500 notes can be used at petrol pumps and for buying airline tickets till December 2 instead of December 15.

o   Dec 19 : Deposits exceeding Rs 5000 can be made only once till December 30- RBI

o   Dec 21: Deposits exceeding Rs 5000 can be made anytime till 30 Dec

My wife always lives in fear whenever I have condemned the government because she actively watches social networks and trolls constantly abusing me, threaten with death etc but the fact is hard to digest. I will always stand with truth because I am living in an independent nation with independent right to speak. Ant the truth is that the demonetisation has gone horribly wrong. I have a good list of people to follow, well known people who have similar views. Once I asked one of them that “Sir, Bhakto se darr nahi lagta?” He replied me, “Jab bhagwan saath hai toh bhakto se kyun darna?”

CONCLUSION OF DEMONETISATION:

Screenshot of BJP Manifasto in 2014

If you are a true Modi Bhakt, you must have read the manifesto of BJP in 2014. This is a screenshot of their manifesto’s index. The top 7 goals of “ABKI BAAR MODI SARKAR”, and see the below effects of their goals

1. Price Rise : “bahut hui mahengai ki maar, abki baar modi sarkar” Tell me one thing where Modi has reduced price 
2. Employment: Crores people are left jobless due to demonetisation. Small large scale industries are either seeking business or turned their shutters down
3. Corruption: A heroic step of demonetisation has been turned into a fatal fall for Modi. Corruption increased significantly as more than 86 crores new currency are found & with most BJP personals
4. Black Money : “Hindustan ka bachcha bachcha jaanta hai ki Black Money Swiss bank me pada hai” “Agar 100 di me kala dhan videsh se nahi aaya to muje fansi pe chada dena” These both were Modi’s words
5. Decision & Policy Paralysis : You know what is happening after Modi has taken BOLD step to curb black money & to stop terrorism. The whole country is paralyzed
6. Poor Delivery : Major goals were,
1. Remove bottlenecks and missing links in all sectors, activities and services – Service sector is completely down
2.  Focus on proper planning and execution for right outcomes – 59 times rules have changed after demonetisation. Nobody can say it was properly planned or well execute 
3. Strive for scale and speed with futuristic vision – Achche Din Aayenge? Par kab? Pata nahi 
4. Build institutions for today and tomorrow – They have not even been able to build toilets
7. Credibility Crisis: Numbers of people have lost faith after improper implementation of Demonetisation by Modi.

So, I have concluded that Modi planned everything to finish congress by the help of his saffron Sena to mislead people by saying following things with lots of abuse,

1. Congress looted country for 60 years (Congress was far better than BJP and if you don’t agree, tell me one place where Modi Sarkar has slashed prices of daily needs. If I give my example, I am paying more for Autos, Trains, Petrol, Food, Service Tax etc
2. Rahul Gandhi is Pappu (Rahul Gandhi has emerged as a strongest leader after demonetisation)
3. The one who speaks against Modi is a Pakistani, Gaddar & Deshdrohi (Demonetisation is failed)

“IN THE LONG RUN, WE ARE ALL DEAD” – FORMER PRIME MINISTER MANMOHAN SINGH ON NOTEBAN IN PARLIAMENT