'A district cooperative bank, which has Bharatiya Janata Party (BJP) President Amit Shah as a director, netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to RTI replies received by a Mumbai activist. The Ahmedabad District Cooperative Bank (ADCB) secured deposits of Rs 745.59 crore of the spiked notes – in just five days after Prime Minister Narendra Modi made the demonetisation announcement.
'While the negative impact of demonetisation can still be felt, the gains have been minor and could have been achieved even without the disruptive move... Hundreds of millions of Indians went through toil and trouble for months after the announcement of demonetisation on November 8, 2016. It has got etched in their memory since they lost jobs, their businesses declined and incomes plummeted.
'Demonetisation crippled an economy that ran on cash; it destroyed the livelihoods of millions of farmers, workers, traders, women and the elderly; and it violated the dignity and liberty of law-abiding citizens... ‘Demonetisation’ – the withdrawal of legal tender status of notes of denomination Rs 500 and Rs 1,000 – announced by India’s Prime Minister Narendra Modi over a televised address on 8 November 2016 will go down in history as one of the most reactionary and illogical economic policies ever attempted in independent India.
'A case was registered at the Kotwali police station here on Thursday against Bihar minister Abdul Jalil Mastan for allegedly asking a crowd at a public rally to hit the photograph of Prime Minister Narendra Modi with shoes. The rally was organised against the Prime Minister’s demonetisation move at Mastan’s Amour assembly constituency in Purnia district, 370 km from state capital Patna, on February 22. Bankipore (Patna) MLA Nitin Navin, who lodged the case, accused Mastan of spreading hatred and disturbing social harmony and peace.
'There has been talk about Adanis and Ambanis having known about the currency demonetisation in WhatsApp groups. Now it appears that it’s not just talk among the common men but even among the ruling party’s own. Video footage has emerged on the internet in which a BJP MLA from Rajasthan has been taped in an “off-the-record” conversation saying Adanis and Ambanis, who are seen as being close to the ruling dispensation at the Centre, knew about the demonetisation of Rs 500 and Rs 1,000 notes before it was implemented on ninth of this month...'
