‘There has to be an 18-month transition.’ The Man Who Proposed The Ban on Rs 500/1,000 Notes Coming Next? No Income Tax. Only BTT On November 8, when Prime Minister Narendra Modi stunned the nation by stating that the existing Rs 1,000 and Rs 500 notes will no longer enjoy the legal tender status, members of a small advocacy group Artha Kranti Pratisthan in Pune rejoiced. The nation seems to be heading towards the path the group’s founder Anil Bokil has been pushing for more than 16 years. Bokil and his team, most of whom left well-established careers to be part of the movement to ‘eradicate black money’ in the Indian economy, met all senior politicians, policymakers, central bank officials, bank officials, religious leaders from all faith, and anyone who cared to give them time — not to mention holding public awareness campaigns through the length and breadth of the nation, to push for their radical ideas. In subsequent interviews with the media, the group claimed credit for the banning of high value note, as they had met the prime minister several times, most recently in February 2016, pitching for their idea of steps that should be taken for ‘India’s… Read full this story
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