Bengaluru, Nov 15: Terrorists, separatists, naxalites. They have one thing in common. All of them were surgically struck by one decision that was made on November 8, 2016 by Prime Minister of India Narendra Modi, who announced that Rs 500 and 1,000 were no longer legal tender.
The terrorists no longer have fake currency on them. The separatists can no longer pay their stone pelters as all the black money they have are in the Rs 500 and 1,000 denomination. Naxalites are unable to operate since they do not have the money for arms and ammunition since the notes they have are in the denomination of Rs 500 and 1,000.
The frustrated three
With that one decision on Tuesday night, the fake currency market was poorer by Rs 5,000 crore. Yes, that one decision rendered fake currency worth Rs 5,000 crore useless. The fake currency industry has set aside their plan to print new notes as the government has decided to come up with new notes of all denominations with added security features.
Separatists were the next to be hit hard. All they have is ill gotten wealth pumped in from Pakistan. They are paid in black to do the job. When the money flow was good, there were a good number of stones that were being pelted.
However, that has stopped now. Stone pelters demand Rs 500 and 1,000 a day. Clearly the separatists do not have that kind of money to pay today. With a withdrawal limit of Rs 2,500 per day, they clearly cannot pay such a large number of people to pelt stones.
Third in this list of frustrated people are the naxalites. In Kondagon district, the police recovered a bag full of Rs 500 and 1,000 notes. The naxalites tried threatening the villagers to get the notes exchanged, but when they failed, they dumped it. The amount was Rs 42 lakh.
An estimate would suggest that the naxalites have lost over Rs 1,000 crore following the decision to demonetise currency. The maximum loss that has been incurred by them is in the Bastar region and estimates suggest that the amount is anywhere between Rs 400 to Rs 600 crore.