Entire world is speaking so high over Indian PM Narendra Modi’s sensational decision to scrap high denomination Rs. 500 and 1000 notes from circulation curbing the very roots of black money. Draining illicit money from economy is necessary for healthy development of a country so as to make the fruits of welfare, developmental schemes reach the right.
Some of the top financial websites are reading that Modi has just implemented this idea which is actually propounded by Aurangabad based architect and chartered accountant Anil Bokil. The theory of Artha Kranti postulated by Anil Bokil and a group of friends called for scrapping Rs. 500 and 1,000 bank notes long back.
With this view point, Bokil met our prime minister and discussed the ideas in depth. Actually, Modi allotted Bokil just 8 minutes for this subject which got extended to two hours.
‘Unaccounted hidden huge cash is skyrocketing the prices of properties, land, houses, jewelry etc and hard earned money is losing its value. This trend will stop immediately,’ Bokil said in a video explaining the theories of Artha Kranti Sansthan.
Bokil and his team met several top level politicians and economists. They wanted an opportunity to present this model before MPs in Parliamant but their efforts went in vain. Finally, Modi succeeded.