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PM Modi went for demonetisation first, RBI’s formal approval came five weeks later

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Demonetisation queue

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On a day when ‘#DemonetisationYaadRakhna’ (always remember demonetisation) was a top tending hashtag on Twitter to remind people of the hardships brought about by Prime Minister Narendra Modi’s sudden and drastic step, news reports based on reply to a RTI query said he had gone ahead and done it even before formal approval by the RBI central board.

The demonetisation of Rs 500 and Rs 1,000 notes, which saw 86 per cent of high-value currency going out of circulation, was announced by PM Narendra Modi on November 8, 2016.

Urjit Patel-led RBI board had met just two-and-a-half hours before Modi’s announcement, said media reports. However, the minutes of the meeting were signed by the RBI governor five weeks later on December 15, 2016.

According to the minutes of the 561st meeting of the RBI’s Central Board, which was convened hurriedly in New Delhi at 5.30 pm on November 6, the central bank’s directors described the move as “commendable” but also warned that demonetisation “will have a short-term negative effect on the GDP for the current year”, the Indian Express had reported last year.

The RBI board, which included the present Governor Shaktikanta Das as a director, had also observed that demonetisation would not have any material impact on tackling the black money menace or counterfeit currency — the prime objectives cited by the PM while announcing the move.

“It is a commendable measure but will have short-term negative effect on GDP for the current year. Most of the black money is held not in the form of cash but in the form of assets such as gold or real estate and that this move would not have a material impact on those assets,” as per the minutes posted by RTI activist Venkatesh Nayak on the website of Commonwealth Human Rights Initiative.

In another reply, the RBI revealed it had no data on the old Rs 500 and Rs 1,000 notes used to pay for utility bills such as fuel at petrol pumps — payments that are anonymous and are believed to have formed a good part of the demonetised currency that returned to the banking system.

The RBI, in its annual report for 2017-18 on August 29, 2018, said that nearly all the money that was withdrawn returned to the banking system. The RBI said it had received Rs 15.31 lakh crore of Rs 500 and Rs 1,000 notes, or 99.3 per cent of the Rs 15.417 lakh crore worth of notes which were in circulation as on November 8, 2016.

This meant that just Rs 10,720 crore of Rs 500 and Rs 1,000 notes failed to come back to the RBI, as against government expectations that well over Rs 3 lakh crore of black money would not return to the banking system.

The sudden withdrawal of notes led to a liquidity shortage and GDP growth declining close to 1.5 per cent.

Senior Congress leader Jairam Ramesh said that the RBI board had backed the move as it was “pressured” by the government. “Demonetisation, issued through a Tughlaqi farmaan (autocratic and arbitrary decision), had destroyed the Indian economy,” PTI quoted Ramesh as saying.

Ramesh said if Congress came to power all abnormal flows from legitimate tax havens and abnormal deposits in cooperative banks would be probed. “The first thing that we will do when we come to power is restore the autonomy and independence of the RBI,” he said.[/vc_column_text][/vc_column][/vc_row]

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Hyderabad police arrested 2 Muslim women for vandalizing holy idols after probe accused understood to suffer from mental illnesses

The brother of the sisters, Asimduddin, told the police that his sister take treatment and have been diagnosed with Schizophrenia. The brother, while talking to the media also extended his apology on behalf of the sisters for the damage they had caused.

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According to reports, the Vishwa Hindu Parishad on Tuesday held a protest outside the police station in Hyderabad after being infuriated by the actions of 2 women who vandalized Hindu idols. Hyderabad Police on Tuesday arrested two Muslim women for allegedly vandalizing and causing destruction to Mother Mary and Goddess Durga’s idols.

The two women, who turned out to be sisters, on CCTV can be seen entering goddess Durga’s pandal right before vandalizing the idol. A similar incident transpired when they were wearing burqas and caused destruction to Mother Mary’s statue in the City’s Khairatbad area. The two sisters then were taken to the police station on Tuesday morning where the police tried to interrogate them.

The police, in their interrogation, learned that the women were unable to answer properly and it took them a while to understand the situation. The police further went to the homes of the sisters to probe further, however, after reaching the residence of the two sisters, the police found out that the parents also suffer from issues regarding mental illness.

The police asked the neighbors in and around the area about the mental state of the sisters and the ones who knew them checked out the mental illness angle and added that the family has been suffering from mental illness for the last 3 to 4 years.

The Deputy Chief Commissioner of Hyderabad Police, MR Chandra told the media that one of the women threatened whoever stopped them from using a tool kit spanner. Chandra also added in his statement that the women were found to be mentally ill and told the media that both the women take treatment.

The brother of the sisters, Asimduddin, told the police that his sister take treatment and have been diagnosed with Schizophrenia. The brother, while talking to the media also extended his apology on behalf of the sisters for the damage they had caused.

The police have, however, registered a case under 153-A, 295, 295-A, 451, 504 r/w 34 IPC. Furthermore, The two women have been sent to a mental hospital for their assessment. The women will be produced with their assessment copies as well as the FIRs to the court.

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Madhya Pradesh man rapes daughter, then sells her and his son, who wants his father hanged to death

The girl told the media that her family sold her for Rs 60,000 to a 50-year-old clerk and his brother to another family for Rs 6,000.

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Madhya Pradesh: Man rapes daughter and then sells her and his son, former wants his father to be hanged to death | WATCH

A monstrous incident of a drunk man allegedly raping his daughter and then selling her to a clerk has come to light in Madhya Pradesh’s Chhatarpur area. According to the reports, the victim was forced to stay with the clerk as his wife. The police have arrested the father and have initiated a probe into this matter.

The girl, identified as Kishori, told the media that her family, including her father, mother, grandfather, grandmother, and paternal aunt, sold her for Rs 60,000 to a 50-year-old clerk and his brother to another family for Rs 6,000. Reportedly, the 16-year-old used to work at brick kilns as a clerk’s wife in Hamirpur.

When asked how she escaped the trap, Kishori revealed to the media that she had discreetly obtained his maternal uncle’s phone number from his father and told him about the whole scenario.

Her maternal uncle then filed a complaint at the Maudaha Police Station on September 24 and brought the victim back home. As per the reports, the girl, in a statement, alleged that her father used to drink and then rape her. She even informed her mother about this, but she asked her to ignore it.

Kishori added that her father had threatened to kill her if she went ahead and filed a complaint against him. She then claimed that her father had sold her to a clerk. Kishori also said that she wants her father to be hanged to death.

Furthermore, her brother also told the media that he was sold to a family for Rs 6,000, where he used to go every day for donkey grazing.

The case has been registered at the Kotwali Nagar Police Station and has nabbed the man. Speaking about this matter, in-charge Shyam Babu Shukla told the media that the case is from two different villages. She said they would lodge the complaint as soon as they received the application from both villages.

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Viral: UP doctor tells family of deceased to birth another child, family accuses doctor of being late for treatment, internet enraged | Watch

The mother, who also spoke to the media, informed that when her daughter was taken to the hospital, no doctor was there to look at her or treat her. According to the family of the deceased, when they arrived with their sick daughter at the government hospital, no doctor was present to treat or monitor the patient.

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UP doctor tells family of deceased to birth another child

A viral video has emerged from UP’s Barbanki district where a doctor can be seen asking the family who had just lost their daughter to birth to another daughter. The family of the deceased has accused the doctor of not arriving on time due otherwise their daughter would have been alive.

In the video, the doctor can be seen stating that if a child dies, one has to birth another one to complete everything. After the doctor’s statement, the man making the video can be asking if this is a manufacturing machine and further remarked about his repartee being uncouth and distasteful.

The video has been making rounds on the internet as many users were enraged by the remarks of the doctor in the video. One Twitter user wittily tried to show the gravity of the situation to the doctor by asking him if someone amputates both of his arms, will he be able to fix it, implying how losing a child is like losing a hand.

Read Also: School teacher beats Dalit student to death in Uttar Pradesh

Another Twitter user also added to the conversation by asking if these types of doctors are the embodiment of gods, directing at the phrase of doctors being the embodiment of gods.

The mother, who also spoke to the media, informed that when her daughter was taken to the hospital, no doctor was there to look at her or treat her. According to the family of the deceased, when they arrived with their sick daughter at the government hospital, no doctor was present to treat or monitor the patient.

The family further added that the doctor arrived much later, even though the family had requested to call the doctor, subsequently the condition of their daughter deteriorated and reached a critical level, after which the doctor arrived and treated her. However, the doctor was not able to save the daughter as she succumbed to her critical condition.

A video of a similar nature went viral from UP’s Kanpur where a sick woman was forced to travel by rikshaw due to the lack of ambulance services. In the video, an elderly woman can be seen sitting in a rickshaw where a drip tube is inserted in her hand. The drip bottle is tied and attached to the upper part of the rickshaw which allows the medicine to pour into the tube and get into the veins of the patient.

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