India’s Opp Parties Redrafting Election Plans After Modi Govt’s Currency Ban Move
Opposition parties in India are probably busy redrafting their election campaign plans amid the shocking ban of high-value banknotes by Prime Minister Narendra Modi that has resulted with widespread anger among millions of Indians too who have been forced to queue down outside ATMs and banks for past more than a week to get currency notes and change small amounts of old or banned banknotes.
Indian state of Uttar Pradesh with more than 200 million adult population will have Assembly election next year and this would be crucial for Modi and his party Bharatiya Janata Party (BJP) for their long-term plan for re-election in 2019.
On November 8 the government outlawed 500 and 1,000 rupee notes citing to drive out corruption and black money or unaccounted money from the country.
Lately, in about two decades illicit cash has become the lifeblood for political parties in India that collect money from businessmen and candidates too for the spending purpose in staging rallies, handing out gifts to win votes and hiring helicopters too.
A forecast reveal spending in the Uttar Pradesh election may be at a record high of 40 billion rupees, which accounts to about 590 million USD, even after the cancellation of the two big denominations.
Until now the demonetization process of Modi government has proven popular among the voters who have always looked for the elimination of corruption from the country.
Economists and broader population are divided in their views over the efficacy and fairness of the great step.