Banning notes will not curb black money, says think tank that called for demonetisation -Shailesh Menon

-The Economic Times

Until a couple of weeks ago, few had heard about Anil Bokil or the socioeconomic thinktank he founded, the Arthakranti Pratishthan. On the street, he would not even have invited a fleeting glance.

This changed after the evening of November 8, when Prime Minister Modi announced his plans to “demonetise” Rs 500 and Rs 1,000 notes. Arthakranti Pratishthan has been credited with sowing the seeds of “demonetisation” in the minds of the Prime Minister and his economic advisors. Bokil is now a celebrity.

On Saturday, as Bokil and his accomplices – Ashutosh Phalke and Amod Phalke – locked the office of Arthakranti Pratishthan on Paud Road in Western Pune and headed for a late lunch, people who had queued up in front of the SBI ATM craned their necks to catch a glimpse of Bokil. Some looked in sheer admiration, others simply nodded coldly.

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