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James Wilson
@jamewils
, 7 tweets, 3 min read Read on Twitter
This is no news to me at all. During Demonetisation times @nitu first break this story & I followed up this story here!
I have storify my tweet thread as a storify story for you. Read this here 👇
storify.com/jamewils/look-…
Remember our Finance Minister then brushed aside this unprecedented spike and withdrawal PRE-DEMON.. I will revisit it after this Diwali
We heard about 2.8 lakh crores suspicious deposits post demonetisation, but what about these 3 lakh crores just PRE-DEMON?
NO INQUIRY
Carefully read my tweet thread on PRE-DEMON deposits and withdrawals given in the above thread.. U will know the #ObjectiveOfDemonetisation
Will dissect it in detail after this October data is out in the #MinistryOfFacts.. Read the arrogant response then
3 Lk Cr was marginal spike for our FM! Bhakts lectured me it's a normal in Diwali & I being a 'rice convert' have no idea about what it is!
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#ObjectiveOfDemonetisation #MinistryOfFacts

More from @jamewils see all

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James Wilson
@jamewils
Imaginary savings!!!

They claim that record income tax collections, claim record GST collection, raised petrol tax to the high, Spectrum & Coal re-aunctioned & got lakhs of crores..

Still, they dont have money to pay the rent of leased aircrafts for PM's world tours.
Please listen to @databaazi, @iam_anandv and @digitaldutta. They all busted these lies regularly!!

Why GoI depends on world bank to sell their claims? Put the raw data on the public domain for scrutiny.
Also listen to @roadscholarz too. All these people are challenging these tall claims consistently here!!!
Read 8 tweets
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James Wilson
@jamewils
Most hilarious news of the day!!

That "chip" note, which claimed to end fake currency & kill black money is now going to have a premature death..

Even Tughluq cant stop laughing 🤣 theprint.in/economy/india-…
Now my prognosis:

Dont fall into the news that these notes are going to be withdrawn, they will stay there!!

RBI is in a dilemma with these ₹2000 notes, which used as a quick fix solution, yep, they are facing the proverbial situation of between devil with deep sea.
₹2000 notes was a quick fix solution during DeMon to replace ₹1000 notes, which are in circulation, numbering 6.858 billion, which constituted 38% of the total Currency in Circulation (CIC).

Why?

If you change the denomination, you should need only 3.429 billion ₹2000 notes
Read 25 tweets
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James Wilson
@jamewils
Let me rewind some of my columns on #DemonetisationDisaster

My last year's detailed take in @frontline_india on

"BLUSTER AS A POLICY"

frontline.in/cover-story/bl…
I concluded that article with the following observations

#DemonetisationDisaster
Of course, in that article I have given an estimate of how much currency is seized as black money due to #DemonetisationDisaster
Read 27 tweets

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@Raman_Ghavami
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There are many fake news, unconfirmed reports, fabricated photos and photos taken for propaganda use.
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Chirag
@chirag
1/ It was always clear to most non-bhakts that #demonetisation was a stupid (and I'm being polite here) move economically.
2/ Once you layered the human cost, the move was downright unconscionable. We are aware of the prominent folks who opposed it.
3/ They were very helpfully termed as black-marketers, cash hoarders, anti-national by the bhakt brigade.
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Karnika Kohli
@KarnikaKohli
Thread: The real objective behind #demonetisation was… (1/n)
Nov 8, 2016: Modi demonetisation speech - “to get a grip on corruption and black money”
narendramodi.in/text-of-prime-… (2/n)
PM Narendra Modi uttered the phrase “black money” 18 times in this speech on Nov 8, 2016. (3/n)
Read 23 tweets

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