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Bihar’s JD-U collects DNA samples

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By NewsGram Staff Writer

Addressing a public meeting in Muzaffarpur on July 25, Modi said: “There seems to be some problem in his (Nitish Kumar) DNA because the DNA of democracy is not like that. In democracy, you give respect even to your political rivals.”

350x350_IMAGE42961899 (1)In a response to this, Nitish Kumar denounced that he would send DNA samples of his people to Modi. The latest news has it, that Bihar’s ruling JD-U has collected 1.5 million hair and nail samples of its party leaders, workers and supporters to send them to Prime Minister Narendra Modi.

“Till date, the party has collected 1.5 million samples from JD-U leaders and workers for a DNA test and we have set a target to collect fifty lakh samples during the Swabhiman rally of the JD-U along with RJD and Congress on August 30 here,” JD-U spokesperson Ajay Alok said.

“We have given a target to party leaders including legislators, MPs and others to collect samples for DNA test from 2275178649

their respective constituencies across the state,” he added.

Earlier, the JD-U launched a “shabdwapsi” campaign to put pressure on Prime Minister Modi to take back his remark and began a drive to collect signatures.

 

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The Answer to The Impending Questions On Demonetization Are Here

While it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

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Indian Currency. Pixabay

Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, Resever Bank of India  has announced, indicating the move did little to slow the underground economy.

Prime Minister of India, Narendra Modi’s currency decree, which was designed to destroy the value of billions of dollars in untaxed cash stockpiles, caused an economic slowdown and months of financial chaos for tens of millions of people or demonetization.

Modi announced in a November 2016 TV address that all 500-rupee and 1,000-rupee notes, then worth about $7.50 and $15, would be withdrawn immediately from circulation. The banned notes could be deposited into bank accounts but the government also said it would investigate deposits over 250,000 rupees, or about $3,700. The government eventually released new currency notes worth 500 and 2,000 rupees.

 

demonetization
An activist of Congress party hold the banned 500 and 1000 rupee notes.

 

In theory, the decree meant corrupt politicians and businesspeople would suddenly find themselves sitting on billions of dollars in worthless currency, known here as “black money.”

“A few people are spreading corruption for their own benefit,” Modi said in the surprise nighttime speech announcement of the order. “There is a time when you realize that you have to bring some change in society, and this is our time.”

But even as the decree caused turmoil for those in India who have always depended on cash — the poor and middle class, and millions of small traders — the rich found ways around the currency switch. In the months after the decree, businesspeople said that even large amounts of banned currency notes could be traded on the black market, though middlemen charged heavy fees.

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Prime Minister Narendra Modi along with mayor, flickr

The reserve bank of India report said in its Wednesday report that 99.3 percent of the $217 billion in notes withdrawn from circulation had come back into the economy. Some officials had originally predicted that number could be as low as 60 percent.

Also Read: Diverse Gathering To Be Addressed This World BioFuel Day: PM Narendra Modi

“Frankly, I think demonetization was a mistake,” said Gurcharan Das, a writer and the former head of Proctor & Gamble in India. He said that while it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

“You can’t overnight change that in a country which is poor and illiterate. Therefore, for me it’s not only an economic failure but a moral failure as well,” Das said. (VOA)

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