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Income Tax raids in Delhi and Mumbai after PM Narendra Modi Bans Rs 500 and Rs1000 Currency Notes

Raids were conducted in Delhi, Mumbai and some other cities based on reports of tax evasion by converting the older notes into other forms by illicit methods

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1000 rupee notes. Pixabay.
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New Delhi, November 11, 2016: The sudden demonetization in India has left many perplexed. While there are many who are struggling to get their currency notes exchanged, others are trying to salvage every last rupee from their illegal hoards.

In a masterstroke move, Prime Minister Narendra Modi announced the ban on the current 500 and 1000 rupees notes on November 8. This action was undertaken with the focus on to curb the unaccounted riches.

PM Modi tweeted, “I assure you the government is unwavering in its effort to create an India that is corruption free and fruits of development touch every citizen”.

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This has led to people flocking to banks to exchange their redundant notes for the new currency notes but many have resorted to illegal means due to the fear of investigation as a bank deposit worth more than 2.5 lakhs will undergo heavy scrutiny.

Raids were conducted in Delhi, Mumbai and some other cities based on reports of tax evasion by converting the older notes into other forms by illicit methods. Many traders have shut down their stores in fear of tax raid.

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PM Modi speaks about the discontinuation of Rs. 500, 1000 Notes. Youtube

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The Income Tax department has asked the investigation units in the country to keep an eye out for suspicious transactions in cash. The department claims, the actions they took were a part of a normal regular survey performed to curb such illegal practices. Items are bought at a much higher price and the hawala dealers (money launderers) exchange the cash for international currencies at unbelievably high rates.

New Rs 2000 note. Yahoo
New Rs 2000 note. Yahoo

Raids were conducted in Delhi, Mumbai and in some cities of Punjab after receiving reports saying that traders were accepting Rs 500 and Rs 1000 notes, which were no longer useful, to sell Gold at Rs 50000 per 10 grams and apart form that the dollar is soaring up to a 100 dollars in the hawala market.

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These radical steps taken to eliminate the biggest issue in India is a bold step. Centre has a clear intent to minimise corruption and black money.

However, Corruption on a larger level may not have anything to do with cash. This makes it possible for corruption to still be prevalent in spite of all the steps taken. The ban is also implemented to reduce counterfeits as they are printed in abundance and fund the destruction of a country.

– by Shivam Thaker of NewsGram. Twitter: @Shivam_Thaker

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Hindus In Delhi Push For A Temple On The Ruins Of a Mosque

The Supreme Court has delayed hearings into the disputed site but hardliners have vowed to lay a foundation stone next year regardless.

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Supporters of Vishwa Hindu Parishad gather during a rally in New Delhi, Dec. 9, 2018. The group gathered thousands of supporters to demand the construction of a Hindu temple on a site where a mosque was attacked, demolished in 1992. VOA

Tens of thousands of hardline Hindu protesters marched in New Delhi on Sunday, calling for a grand temple to be built on the ruins of a destroyed mosque in a flashpoint Indian city.

Trident-waving devotees clad in saffron filled a huge parade ground in the Indian capital under tight security, where speakers warned Prime Minister Narendra Modi they would not let up until the temple was sanctioned.

Some of Modi’s supporters feel the Hindu nationalist leader has not done enough to raise a shrine at a site in Ayodhya, a city believed by many to be the birthplace of the deity Ram.

The site was home to a medieval mosque for 460 years until Hindu zealots tore it down in 1992, kicking off riots across India that left thousands dead, most of them Muslims.

Its future has been tied up in courts for decades but some hardliners want Modi, who is seeking reelection in 2019, to push parliament to guarantee the temple by law.

World Hindu Congress, Hindu
Hindus don’t oppose anyone, don’t aspire to dominate: RSS chief

“The gathering here is telling you that Hindus won’t sit back until the temple is built, and our wishes are respected,” said Champat Rai, the leader of the Vishva Hindu Parishad (VHP) group that organized the protest.

Demonstrators chanting “Praise be to Ram” packed the Ramlila Maidan, a vast ground capable of holding more than 50,000 people, and filled the surrounding streets.

Some carried maces and tridents — weapons traditionally wielded by Hindu gods — and traveled great distances by train and bus to reach the rally.

“We have come here to protect our religion and Hindu pride. We want a temple for our Lord Ram,” Hitesh Bharadwaj, a teacher from Delhi’s satellite city Noida, told AFP.

The hardline VHP has applied pressure on Modi in recent weeks, staging a huge show of force in Ayodhya itself last month.

Hindu, Mosque
Photo credit: theguardian.com

A close ally of Modi’s Bharatiya Janata Party (BJP), the group is spearheading a push to raise the Ram temple, and is calling for more protests as the premier prepares to go to the polls by May.

The BJP was on the margins until the 1980s when its top leaders, including Modi, backed a growing movement for the construction of the Ram temple.

Its advocates want parliament to introduce a law bypassing legal hurdles blocking the temple before Modi’s term ends.

Also Read: Delhi’s Air Quality Leads To Ban On Trucks And Construction

The Supreme Court has delayed hearings into the disputed site but hardliners have vowed to lay a foundation stone next year regardless.

“We don’t care about the courts. A grand temple will be constructed in 2019,” Sushil Chawdhary, a VHP leader, told AFP. (VOA)