18.5 C
New Delhi
Saturday 25 January 2020

Fin Min busts myths circulating via social media

New Delhi: The Finance Ministry has been dispelling myths, rubbishing scare-mongers and tackling detractors’ propaganda since the night Prime Minister Narendra Modi announced that Indian currency notes of Rs 500 and Rs 1,000 will no longer be legal tenders. Besides Finance Minister Arun Jaitley’s effort to address the concerns of the people through different television news channels, the ministry, through Twitter, is rubbishing false claims made on social media by the detractors of the government.

Secretary, Department of Economic Affairs, Ministry of Finance, Shaktikanta Das has been addressing Press conferences to clarify doubts and bust the myths, too.

Even as the queues in front of ATM installations and banks were getting shorter by the day, some mischievous elements had begun scaring the people by circulating a message via WhatsApp that the prime minister was soon going to address the nation through a televised speech once again, this time to declare that Rs 50 and Rs 100 notes would not remain valid either. The ministry today pooh-poohed the idea and clarified that the government had no plans to annul the legal tender of any other currency.

The ministry further rubbished the allegation that sections of the ruling party BJP and the government had been aware of the demonetisation decision before it was announced on 8 November, giving them enough time to take care of their own reserves of stacks of notes that were about to turn trash. It said that very few even among the policy makers knew of the impending strike on black money.

This validates the story सिर्फ़ News had broken about how the prime minister had turned up for the Cabinet meeting just for 5 min to avoid disagreements and arguments, and then rushed to the Rashtrapati Bhavan to honour the other protocol of keeping President Pranab Mukherjee in the loop.

The Finance Ministry also dealt with the contention that the cost incurred in the entire exercise of demonetisation surpassed the gains from it by tweeting that the unaccounted money in the form of cash of high denomination notes was much larger. We have reported earlier that the undeclared amount suspected to be in some people’s reserves was to the tune of Rs 14 lakh crore – Rs 18 lakh crore.

Next, the ministry busted the myth that the new Rs 2,000 notes had tracking chips installed in them. It called the idea an imagination of some fertile minds.

The government has also assured the honest citizens that no tricks applied by black money hoarders would work as the law enforcement agencies were apprised of all possible tactics of diversion and conversion of money and were keeping a track of such transactions.

Furthermore, the ministry explained that the new Rs 2,000 notes did not normally release its paint. These notes were printed, it said, using the Intaglio technology that enabled a bearer to verify their authenticity by rubbing the surface of the note with a piece of cloth. On doing so, he said, the note created a turbo-electric effect, releasing some colour to the cloth.

Finally, the ministry said that there was no proposal to either seal lockers or seize people’s jewellery.

One of the tweets by the Finance Ministry's official handle

Stay on top - Get daily news in your email inbox

Sirf Views

Pandits: 30 Years Since Being Ripped Apart

Pandits say, and rightly so, that their return to Kashmir cannot be pushed without ensuring a homeland for the Islam-ravaged community for conservation of their culture

Fear-Mongering In The Times Of CAA

No one lived in this country with so much fear before,” asserted a friend while dealing with India's newly amended citizenship...

CAA: Never Let A Good Crisis Go To Waste

So said Winston Churchill, a lesson for sure for Prime Miniter Narendra Modi who will use the opposition's calumny over CAA to his advantage

Archbishop Of Bangalore Spreading Canards About CAA

The letter of Archbishop Peter Machado to Prime Minister Narendra Modi, published in The Indian Express, is ridden with factual inaccuracies

Sabarimala: Why Even 7 Judges Weren’t Deemed Enough

For an answer, the reader will have to go through a history of cases similar to the Sabarimala dispute heard in the Supreme Court

Related Stories

1 COMMENT

Leave a Reply

For fearless journalism

%d bloggers like this: