Master Strategist Against Black Money, PM  Narendra Modi, His political tenure sure should be a course in all MBA colleges

Last night the whole nation was shocked when our prime minister, Narendra Modi scrapped out 500 and 1000 rupees notes but the planning for this sudden surgical strike started two years ago after he came into power in May 2014. He also gave enough hints and opportunities about this but waited until festival season of Dusshera and Diwali to end.

If we connect all the dots of past action we could see the master strategy plan of Modi. The dots that were placed were as stated: Jan-Dhan Yojna, Black Money Declaration Scheme,RBI governor not given another term, planning commission resigns, Chief Justice removed.He then meets all three defence forces before coming to the press/studio to ensure law & order and makes announcement to scrap out 500 and 1000 last night.

On August 28, 2014 Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in which Modi took personal interest in the scheme.  The scheme was ensure that Now that Rs 500 and Rs 1000 denominations notes have been banned, rural people will be benefitted with bank accounts created under this scheme. As of now 25.45 crore accounts have been opened so far and Rs 45,302.48 crore has been deposited in these accounts

The next major action took by our Prime Minister against our Black Money was Income Tax Disclosure Scheme from June 1 to September 30, 2016. Around 64,275 declarants disclosed and over sum of Rs. 65, 250 crore on which no tax was paid before.

We should remember key incidents that took place like Raghuram Rajan, Reserve Bank Governor   left without completing a five-year term in the last 25 years — since 1991, planning commission resigned and Chief justice was removed.

Sandeep Aggarwal, Founder – ShopClues & Droom commented on the initiative, “Modi government continues to adopt innovative and feasible way to eradicate black money and move India to 21st century nation. The demonetization of currency notes is a bold step in a positive way and a great move in the direction of weeding out black money. Not only will this move bring transparency in the system but will also control the menace of fake currency notes which has been increasing in numbers. After supporting startup, giving impetus to digital economy, this is another step for India to be at par with other great nations of the world.”

There is immense knowledge to take from master strategist who is passionate for the country’s development, however weather this affects entrepreneurs in anyway is not known as of now. Do share your thoughts in our comment section below.

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