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1 year of demonetisation - NaMo tried to do an Indira Gandhi but ended up being another Morarji Desai

Today as we get ready to celebrate the First Anniversary of Demonetisation, it is inevitable that the question will be asked: has the momentous decision confirmed Narendra Modi’s place in India’s history? After all, the paramount leader of the BJP does not want to be remembered merely as an also-ran Prime Minister. 

Image result for india currency notes



The prime minister’s 8 November address last year de-legitimising the Rs 500 and Rs 1,000 currency notes was a historic occasion; he promised the nation that he was taking this extraordinary step to make India free of black money and fake currency, to put an end to the twin menace of corruption and terrorism in one stroke.


Possibly, Modi had taken a cue from his predecessor Prime Minister Indira Gandhi who had taken a similarly historic decision almost five decades ago by resorting to bank nationalisation with a vow to put an end to poverty.


But there is a crucial difference between the bank nationalisation move and demonetisation move, in terms of both politics and economics.


TO READ MORE VISIT :  http://www.firstpost.com/business/one-year-of-demonetisation-narendra-modi-tried-to-do-an-indira-gandhi-but-ended-up-being-another-morarji-desai-4188967.html

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