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India Financial Surgical Attack on Terrorist Group and Pakistan

Indian Honorable Prime Minister Narendra Modi yesterday came on TV and announced unexpected announcement to curb black money. His government worked in close coordination with RBI & Bank in top secrecy to ensure maximum impact.

His government announced that INR 500 & 1000 currencies notes will not be accepted and must be changed at bank counter by submitting identity.

By doing so he would be able to identify the hoarders of black money and then can trap them under the land of law.

The bigger impact will happen on terrorist group and naxal group operating in India and run their organization using counterfeit currency. The maximum usage of INR 500 & 1000 were used to collect ransom money to keep the cash. At the same time, the factory of Indian counterfeit currency based out of other countries used the currency to help their effort to push terrorist into India & inflict maximum damages on all installations

They also used these currencies to buy out youngsters to fight against Indian security forces. In my point of view, the bigger impact will happen on unwarranted element working against India interest and at the same time supporting their own economy.

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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