It has been reported that after 18 months of a currency swap, the cash attained the same quantum and volume as it was before the cash swap. The economists are baffled as to what does it indicate as far as economic gains for the country is concerned. The cash transactions have not reduced and the cashless economy is nowhere in sight. The goal of the cashless economy was put forth by the Government then, but knowing its folly, it came up with new goal less cash, but the cash is not less at all. The cash is a king in the Indian economy.

Modi boasted that it will reduce terrorism. The readers will have only the newspapers to open up daily to test the claims of Modi as to money swap will reduce the terrorism. And about corruption. The level of corruption in our country is now perhaps higher than ever.

The Government is, therefore, selling important assets to the public to the private, the move that will envelop the country in the debt trap. One of such policies of the government is to handover 700 km of roads to an Australian Multinational Company at about 9000 crores over 29 years to collect the toll. The 700 km of roads were built with the public money and the end gainer of this policy is the private company and that of a foreign company. So much for the patriotism and economic welfare of the people under the RSS/BJP!

Indian economy is staring at one crisis after another in the future due to thoughtless policies of the RSS/BJP. The economists are already getting alerted by the home loans extended in the various cities which are capping the defaults with each passing day. If the banking scams after scams were not enough, the country would be looking at another series of crisis.

Author – Mangesh Dahiwale, Human Rights Activist

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