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Demonetisation good for economy
Noted neuro-psychiatrist and Forum Against Corruption convener Dr B Keshavulu said that the people of the country got the right to freedom of expression and free speech after independence but not financial independence.
Nizamabad: Noted neuro-psychiatrist and Forum Against Corruption convener Dr B Keshavulu said that the people of the country got the right to freedom of expression and free speech after independence but not financial independence.
Speaking to the media here on Wednesday, he said that though people have to face initial hardships in the short-turn, the demonetisation of the Rs 500 and Rs 1,000 currency notes would go a long way in minimizing corruption, bringing financial stability and weeding out black money. Prime Minister Narendera Modi took a courageous decision, he added.
Dr Keshavulu said that the BJP led NDA government took a very good decision in banning the currency notes and came down heavily on the Congress leaders for criticising the move.
He said that it was not the first time that the Government took such a decision. In 1978, the then Janata Party government also banned Rs 1,000 note, he added.
Dr Keshavulu demanded that the Rs 2,000 currency note, which was introduced recently should also be banned. Else, they should be printed very sparingly and regulated properly.
If such currency notes are printed in huge quantities, the surgical strikes against black money would go waste, he added.
He said that political leaders like Lagadapati Rajagopal, liquor baron Vijay Mallya, industrialists Rayapati Sambashiva Rao and Kavoori Sambashiva Rao amassed huge quantities of black money and hoarded it their backyards.
Such money should be confiscated immediately, he demanded.Dr Keshavulu said that the exchange rate of the Rs 500 and Rs 1,000 notes at the banks and post offices should be raised to Rs 5,000 from the present Rs 4,500.
The present amount was insufficient to meet the daily expenses of the common man, he added.
The psychiatrist said that a strict vigil should be kept on professionals and industrialists so that they may not indulge in corruption.
Drawing an analogy, he said that during war, the soldiers have to make lot of sacrifices and also go without food for a number of days to protect the motherland.
Similarly, such type of small inconveniences should be borne by the people while fighting black money and protecting the financial health of the country.
