Opposition parties have given a call for Bharat Band on Nov
28 to protest Demonetization Drive. Denouncing the move as anti-poor and
anti-people, united opposition will observe Nov 28th as “Akrosh
Din”.
Ever since the announcement of demonetization drive by Prime
Minister on Nov 8th the irked opposition party have slowly but
steadily escalated war against the audacious move. Political parties initially
refrained from making bold statements condemning demonetization, fearing public
wrath. But the initial whimper of political parties and objections towards the
massive economic reform slowly gathered dust. All parties made precarious
comments and deliberately vacillated before hardening their stance. But by
around Nov 12th, Mamata Banerjee hit the streets of Kolkata protesting
demonetization drive giving the much-needed momentum and initiative to the
opposition to gain ground and launch a tirade. Without losing anytime Arvind
Kejriwal joined the bandwagon who besides making scathing remarks on Prime
Minister, disseminated the theory of selective leaks to friends of Modi.
Together Banerjee and Kejriwal addressed public in Delhi. To garner support
against demonetization drive, Kejriwal addressed gatherings at Laxminagar and
Azadpur vegetable market. He was hooted out and angry traders tore his posters.
Kejriwal earlier convened Delhi assembly and moved a resolution against Prime
Minister’s decision.
In the meanwhile, Banerjee has toughened her position and
reached out to all the political parties. The unrelenting Banerjee even reached
out to BJP ally Shiv Sena to join her march from Parliament to Rashtrapati
Bhavan. On the opening day of Winter Session of Parliament, Banerjee carried
out a protest march with MPs from TMC, AAP, Shiv Sena and NC. With Rahul Gandhi
miserably failing to catapult himself as a parallel to Modi, Banerjee with her
aggressiveness, positioned herself as formidable rival to Modi. Having won the
assembly elections convincingly in 2011 and 2016, Banerjee is making every bid
to elevate herself as an opponent of Modi for the General Elections of 2019.
With unrivaled blitzkrieg, she launched an offensive against demonetization by
donning the image of crusader of poor and called for rollback of the measure.
As elections are nearing, politicians are out competing each other to
politically establish themselves as aggressive leaders. Now CPI (M) leader
served a notice for moving contempt motion against Prime Minister.
The announcement to observe Akrosh Diwas, comes on a day when
an overwhelming majority have strongly supported the demonetization drive of
the Modi. While opposition has expressed disdain towards the verdict delivered
on the Modi app calling it hoax. Similar pattern of acceptance was recorded in the
poll surveys conducted by several independent media groups. Poll surveys
indicated that public was very happy with demonetization drive, but were
perturbed by the implementation. Unarguably, people are inconvenienced by
deficiencies in implementation. But by and large, Indian public are welcoming
the move. Indian Public openly endorsed the audacious move of the Centre that
can throttle the conduits of parallel economy. In the past seven decades,
politicians of all hues made loud proclamations to decimate corruption. But the
conviction and the commitment was missing. The spirited response of public in
the wake of inconveniences can be traced back to the optimism that finally
somebody had displayed the nerve to take the bull of corruption by horns.
Ironically, all these leaders who portrayed themselves as messiahs of
anti-corruption drive are now launching venomous attacks on the Centre.
The decade long UPA governance riddled with numerous scams
frustrated the public and AAP by advocating zero tolerance towards corruption
rode to power. But now the very leaders are seriously contesting and denouncing
the attempts of Centre. With this double-speak, politicians scaled the
pinnacles of duplicity. Irony died a thousand deaths, yesterday, when Manmohan
Singh, who rarely speaks, severely criticized demonetization calling it as
“organized loot and legalized plunder”. Desperate Congress, having the lost
vital principal opposition status and struggling to gain ground unleashed the
last weapon in its kitty by erecting Singh to speak at Rajya Sabha. Rattled by
public support towards demonetization, Congress wanted to capitalize on the
elitist reputation of Singh. But unfortunately, the popularity of Singh failed
to strike right notes. Especially the panic perpetration and statement that
demonetization would reduce the GDP by two percentage points appeared to be
political overdrive. The predictions appear to be politically motivated since
it is nowhere close to the estimates of top-notch financial surveys. Care
Ratings predicted 0.5-0.3 percent fall, Goldman Sach’s 1.1 percent, Emkay
Global 0.9 and ICICI Securities by 0.4 percent. Congress with a history of
unfathomable plunder falls short of moral credibility to question the
demonetization drive.
Unarguably, demonetization has inconvenienced the common man
who was forced to stand in never ending lines at the ATMs and banks to withdraw
their hard-earned money. Centre can’t be
completely exonerated of all the lapses in implementation which badly hit the
lives of common man. But the public are enthusiastically supporting Modi
despite hardships for walking the talk. While this move can upset BJP as it
risks losing support of key support base-small traders, but still Modi launched
the drive to fight against black money and corruption. After two weeks of
monetization, Urban and semi-urban areas are slowly limping back to normalcy
and financial transactions have slowly improving. But the rural areas with poor
access to banks are still enduring the financial stress. Government will be
committing a grave mistake if it fails to push the banking sector to extend its
services to reach out to the last man.
The angst exuded by opposition combine in demonizing the
intentions of government will back fire. Especially the opposition castigating
demonetization as anti-poor might have any takers since the move was welcomed
by middle class, honest tax payers who are exulting the new status of being
rewarded.
Through irksome political bickering and stinging criticism,
political parties have vented out frustration. In the process, they miserably
failed to buttress people’s support towards their fight against demonetization.
The irresponsible comments of BSP chief Mayawati where she dared Modi saying “I
want to tell Prime Minister Narendra Modi that if you really are an honest man
and want correct survey and if have guts, then dissolve Parliament and hold
fresh elections” clearly reflects the political uneasiness. Shiv Sena Chief Uddhav Thackery’s speaking to
the reporters said, “the demand for Brexit like referendum is okay but what if
the referendum goes against demonetization move? Will the PM too follow the
steps of the British PM and step down?” This kind of remarks by seasoned
politicians raise serious doubts about their intentions. If these politicians
are really concerned about the common man, instead of protesting in front to
Parliament would indulge in fruitful debates with government, would pull it up
for lapses and suggest concrete policy to stem the rot of corruption. By
protesting before Parliament and bringing the work to grinding halt they lost
the plot.
Opposition argued that post demonetization markets has
accrued several losses and that this will have a deleterious effect on the
economy. Intellectuals and Economists allayed fears and clarified that subdued
financial progress might prevail for the next two quarters following which the
economy would pick up pace.
While a detailed insight into dubious reputations of the
combined opposition and some leaders in ruling party might put them and nation
to shame, the anti-poor stance donned by them reeks of hypocrisy. At a time
when escalations of cease fire violations have increased manifold and
geopolitical alliances are topsy-turvy, the opposition together with leaders of
ruling party must strive to strengthen the country from within. Instead the
political front is deeply engrossed in lapping up opportunities to draw
political mileage. Demonetization drive would also not only pave way for a
serious discussion on state funded elections but turn the dream of digital
economy into reality.
By and large irrespective of the political allegiances,
leaders are solely interested in drawing maximum mileage. Interestingly, common
man is watching the outrage of political leaders more keenly, as they believe
that stronger the protest, deeper are the vaults stocked with black money and
hence stronger is the financial jolt suffered by them. Notes winning votes in
India is a common practice and thus politicians whose treasury chests are
rendered useless by demonetization are bound to use every dirty trick in
political game to clinch power.
@ Copyrights reserved.