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After Yashwant Sinha, BJP’s Shourie hammers Modi govt, calls noteban an “idiotic jolt”

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Arun Shourie

The former union minister says demonetisation was the largest money-laundering scheme ever conceived and implemented by a government

Days after former finance minister Yashwant Sinha created a stir with his forthright critique of finance minister Arun Jaitley’s handling of the Indian economy, former Union minister and BJP veteran Arun Shourie has now launched a broadside against Prime Minister Narendra Modi’s government over its economic policies; demonetisation in particular.

Terming demonetisation “the largest money-laundering scheme ever conceived and implemented entirely by the government,” Shourie told news channel NDTV in an interview that Modi’s noteban which rendered out 86 per cent of the currency circulating in the economy as no longer legal tender was “idiotic jolt”. The former union minister and veteran journalist said that demonetisation had little impact on curbing the shadow economy – Modi’s stated objective for behind the move – and that “everyone who had black (money) converted it into white”.

The former Union minister went on to say that while demonetisation “was a bold step. I have to remind you, suicide too is a bold step.”

Shourie’s comment on black money having been “converted into white” is backed by the recent RBI report which suggested that nearly 99 per cent of the banned Rs 500 and Rs 1000 currency notes had been returned to banks. He added that none of the government’s arguments in support of demonetisation had yielded fruit. “Which argument today survives? Black money? All of it turned white. Terrorism? Terrorists are still coming into India. At the end they have nothing to say,” he pointed out.

The senior BJP leader who held the disinvestment portfolio in former Prime Minister Atal Behari Vajpayee’s NDA government also slammed the Modi regime’s implementation of the Goods and Services Tax (GST) stating that the “important reform” was implemented “poorly”. Shourie emphasised that “rules (for the GST rollout) have been amended seven times within three months” and insisted that what makes it worse is the “event management of the GST…A tax reform is being compared to the independence of India (a reference to the ‘stroke of the midnight hour’ like rollout of GST on July 1 this year).”

The BJP leader didn’t spare his party’s national president Amit Shah, calling him “that famous economist” while slamming his comment in which he had sought to blame the dip in India’s GDP growth rate on “technical reasons” and not the aftermath of demonetisation and GST rollout as is largely believed.

After Yashwant Sinha, BJP’s Shourie hammers Modi govt, calls noteban an “idiotic jolt”Shourie reiterated his “government run by two and a half persons” comment, stating that “Narendra Modi, Amit Shah and one in-house lawyer… don’t have the expertise and they have surrounded themselves by people who don’t have the expertise (of running the country).”

He said that the Modi government was functioning in a “sealed echo-chamber” and claimed that “They (those in the government) don’t hear what is happening… The distress the RBI has documented of small and medium enterprise. These poor fellows had been clamouring and shouting. Nobody heard them (sic)”.

Taking a dig at the Modi government’s proclivity for organizing mega-events to unveil all their programs, Shourie said: “Their core competence is event management. They are so self-satisfied with it. They are just briefing each other, not listening to others… They are concerned about 300-feet statute, bullet trains etc.”

Shourie also made it a point to throw figures and data at the government to back claims of an economic downturn. Stating that attacks against the government over the slowing pace of the economy was based on hard facts, Shourie said: “those facts emerge from official reports such as The Economic Survey, the RBI surveys, the SBI’s report etc. Is it a fact or not that GDP has collapsed to 3.7 per cent according to the old series? Is it a fact or not that index of industrial production has gone down from about 9 per cent in 2015-16 to about 1.7 per cent in April to July?”

Bihar news

Mokama shootout case: Former Bihar MLA Anant Singh surrenders, sent to jail

Singh’s supporters retaliated to the initial attack, leading to the intense exchange of gunfire that gripped the area. The incident underscores the deep-seated power struggles and lawlessness that persist in certain parts of Bihar.

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Former Bihar MLA Anant Singh surrendered to a Barh court on Friday, facing charges related to a shootout on the outskirts of Patna. The incident, which occurred Wednesday evening, involved an alleged attack on Singh’s convoy by the notorious Sonu-Monu gang. The ensuing exchange of gunfire, according to eyewitness accounts, involved a significant volume of shots – estimates ranging from 60 to 70 rounds, though police reported a lower figure of 16-17.

Remarkably, Singh escaped unharmed. Following his surrender, he was remanded to Beur jail. Patna Senior Superintendent of Police (SSP) Awkash Kumar confirmed the surrender and the filing of three separate FIRs concerning the incident.

The shootout unfolded amidst a backdrop of escalating tensions in Mokama, a region with a history of violent crime and political rivalry. The involvement of the Sonu-Monu gang, known for its criminal activities, added a layer of complexity to the already volatile situation.

Singh’s supporters retaliated to the initial attack, leading to the intense exchange of gunfire that gripped the area. The incident underscores the deep-seated power struggles and lawlessness that persist in certain parts of Bihar.

Adding to the escalating tension, another shooting incident was reported on Friday in Hamza village, under the jurisdiction of Panchmahal police station in Mokama. Three spent cartridges were found near Mukesh Singh’s house, prompting an immediate investigation.

Senior police officials were deployed to the scene to assess the situation and gather evidence. The timing and location of this second incident suggest a possible connection to the previous day’s events, raising concerns about further escalation of violence.

Police have apprehended two suspects, Sonu and Roushan, in connection with Wednesday’s shooting. Investigations suggest that the Sonu-Monu gang specifically targeted Mukesh Singh, a former associate of the gang who had allegedly sought protection and assistance from Anant Singh. This suggests a complex network of allegiances and betrayals within the criminal underworld of Mokama.

Anant Singh, a controversial figure with a history of both political success and criminal accusations, has been a prominent figure in Mokama’s political landscape for years. His past includes a conviction in 2020 related to the recovery of an AK-47 rifle and other weapons from his ancestral home, resulting in his disqualification from the assembly.

However, he was acquitted of these charges in August 2024. His wife, a former MLA, recently shifted her political allegiance from the RJD to Chief Minister Nitish Kumar’s JD(U), further complicating the political dynamics of the region.

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Bollywood news

FIR filed against Shreyas Talpade, Alok Nath, 11 others in cheating case in Haryana

The case has sent ripples through the Bollywood industry, casting a shadow over the careers of both actors. While the details of their alleged involvement remain under investigation, the allegations raise serious questions about their conduct and potential complicity in a scheme that defrauded numerous investors.

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Bollywood actors Shreyas Talpade and Alok Nath find themselves embroiled in a significant legal controversy, named as accused in a cheating and breach of trust case registered at the Murthal police station in Sonipat, Haryana.

The First Information Report (FIR), filed on January 22, lists the two prominent actors among thirteen individuals charged under Sections 316 (2), 318 (2), and 318 (4) of the Bharatiya Nyaya Sanhita. These charges encompass criminal breach of trust, cheating, and the fraudulent transfer of property.

The complainant, Sonipat resident Vipul Antil, levelled accusations against the Human Welfare Credit Cooperative Society, registered in Indore under the Multi-State Cooperative Societies Act of 2002. Antil alleges that the society, active across multiple states, including Haryana, since September 16th, 2016, lured investors with promises of exorbitant returns on fixed deposits (FDs) and recurring deposits (RDs).

The society employed a multi-level marketing strategy, incentivizing agents to recruit additional investors, creating a pyramid scheme structure that ultimately led to widespread financial losses.

Ajeet Singh, the Additional Commissioner of Police (ACP) in Murthal, confirmed the inclusion of Talpade and Nath’s names in the list of accused, based on statements provided by the complainant. Singh clarified that the primary focus of the investigation remains the alleged fraudulent activities of the cooperative society, and the police are currently working to determine the specific roles, if any, played by Talpade and Nath in the alleged scheme. The investigation will delve into the extent of their involvement and whether they directly benefited from the alleged fraudulent activities.

The case has sent ripples through the Bollywood industry, casting a shadow over the careers of both actors. While the details of their alleged involvement remain under investigation, the allegations raise serious questions about their conduct and potential complicity in a scheme that defrauded numerous investors.

Shreyas Talpade’s most recent cinematic appearance was in Kangana Ranaut’s directorial debut, Emergency, a historical drama set during India’s tumultuous Emergency period from 1975 to 1977. Alok Nath, a veteran Bollywood actor, boasts a prolific career spanning over three decades and encompassing over 300 films, establishing him as a familiar face in Indian cinema. The unfolding investigation will determine the extent of their involvement in this complex financial crime and the consequences they may face.

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India News

BPSC results out: Aspirants react as controversy, protests over paper leak persist

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BPSC aspirants ask Prashant Kishore to step back from protest site, political strategist-turned-politician responds

The Bihar Public Service Commission (BPSC) declared the results for the 70th Combined Competitive Exam (CCE) on January 23, 2025. In the hours following the announcement, reactions to the results and the subsequent developments have continued to unfold, with protests, legal challenges, and debates surrounding the exam process showing no sign of abating.

21,581 candidates clear, but tension persists

While 21,581 candidates cleared the preliminary exam, questions remain about the legitimacy of the results. Legal challenges have already been initiated, with petitions filed in the Patna High Court questioning the integrity of the examination process, particularly regarding the status of those who were debarred due to alleged malpractice. The court’s involvement could still alter the final list of successful candidates.

Political impact and ongoing reactions

The protests have also drawn political figures into the fray. Prashant Kishor, leader of the Jan Suraj Party, joined the demonstrations and went on an indefinite hunger strike starting January 2, showing solidarity with the aspirants. His involvement and calls for action have added a political dimension to the controversy, which is now under the scrutiny of Bihar’s government.

Bihar Governor Arif Mohammad Khan recently met with a delegation of aspirants to hear their grievances and assured them that steps would be taken to address their concerns. The Governor also appealed to Prashant Kishor to end his fast, citing health concerns.

Looking ahead: What’s next for the 21,581 pass candidates?

For the candidates who have successfully passed the prelims, the main examination is the next step. However, the future of the recruitment process remains uncertain, with protests, petitions, and public calls for reforms still ongoing. The uncertainty surrounding the exam’s integrity and the lack of clarity on future steps means that the exam’s aftermath will likely continue to dominate discussions.

As the BPSC navigates the fallout from this highly contentious exam, it faces increasing pressure to restore public trust and ensure that future recruitment processes are conducted with the highest standards of fairness and transparency.

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