Demonetization - Modi’s Historic Move to attack currency of corruption by M J Akbar - Minister of States for External Affairs
Note: Salient Points from the article are given below and the readers are advised to click the link here to read the full text of the essay – LINK Akbar remarked: All cash transactions are not corrupt, but, every corrupt transaction is in cash and high denomination notes are the currency of corruption. If you want to challenge corruption root and branch, you cannot merely trim the branches periodically, but, you have to cut at the roots. Elite of India - willingly or unwillingly - has poisoned the political and economic systems that embolden those high ups with unaccounted wealth making them to believe that they were above the law. Their comfort zone has been wrecked by Modi’s move of demonetization which is only a beginning and in 2017, those who turned corruption into a doctrine will pay a heavy price. Those powerful corrupts - in politics and in governments - had misjudged the various schemes to convert black money into white money floated by Modi in the recent