Prime Minister Narendra Modi’s Demonetization is coming to an end. The drive which is intended to clean the Black Money from the system will finish on December 30th. On the other side, the deposits of the old notes are going on at full swing and some fear they may overcome the total number 14.6 Lakh Crore of the actual money.
That means counterfeit notes are also being accepted by the banks. A popular theory in the media is that these are not the usual counterfeit notes but the previous UPA government funded counterfeit currency. Rumours are that the government intentionally with the help of RBI printed notes of same serial numbers. These notes are printed at the usual printing presses so that will bypass all the checks at the banks.
In such case, the deposits will overcome the total number 14.6 Lakh Crore of the actual money. This looks more like a conspiracy theory for now but if that happens it will the mother of all scams and if proven will seal Congress’ future forever. So, the after effects of December 30th will be interesting.
