Country wide bandh on November 28

On November 28 the combined opposition parties has declared protest day all over India against demonetization policy.  On one side opposition does not allow the parliament to work and to the other instigating public to participate in country wide bandh.  Economist and former PM Manmohan Singh speech in Rajya Sabha was against the spirit of economic reforms of 1991.  His assessment of drop in GDP by 2% will be short lived if Government and RBI play a positive role is efficient utilization of collected booty.  It seems that Mamta Banerjee, Chief Minister of West Bengal intends to play a major role.  Probably she wants to centre stage the show.  Her emissary are contacting JD(U) alley to participate in large number.  Division surfaced in JD(U), fraction joined opposition parties during protest in and outside parliament, under the leadership of Sharad Yadav.  Contrary, Nitish Kumar reiterated that the NDA move is good.  His objection is on inconvenience caused to the general public because of non-availability of new currency.  Nitish Kumar further stated that PM should take stern steps to curb benami properties.  Bihar Chief Minister has already taken strict measures in his home on black money holders.  Lalu Prasad’s RJD is eager to participate in tomorrow’s bandh.  As usual, Sharad Pawar’s policy is wait and watch.  His party may take different stance at the last minute.  It is practically difficult to assess the mood of Pawar.  Shiv sena seems to be in doldrum, to oppose or not to oppose.  It seems Navin Patnaik’s BJD will not join the bandh call.  Better not to talk about Mayavati.

The success of the story lies with general public.  The mood of majority of citizen is to support Government policy on demonetization.  If the opposition move boomeranged, certainly, it will culminate in another economic revolution.  PM Modi will further tighten the rope.  Economic reforms shall have synergetic effect on social and political reforms.  One may expect Robinhood avtar in near future.