Thursday, August 11, 2022
HomeGeneralRevenue Secretary knew of PM Modi's demonetisation plan: Reuters

Revenue Secretary knew of PM Modi’s demonetisation plan: Reuters

New Delhi: The Prime Minister Narendra Modi’s trusted bureaucrat Revenue Secretary Hasmukh Adhia knew about his ‘demonetisation’ plan before its announcement on November 8, according to ‘Reuters’.

"Revenue neutrality has to be maintained," Revenue Secretary Hasmukh Adhia told reporters at a news briefing.
According to ‘Reuters’, Revenue Secretary Hasmukh Adhia knew of PM Modi’s demonetisation plan before its announcement.

Adhia and five others privy to the plan were sworn to utmost secrecy and they were supported by a young team of researchers working in two rooms at Modi’s New Delhi residence, as he plotted his boldest reform since coming to power in 2014.

The entire campaign was supervised by 58-year-old Adhia, who served as principal secretary to Modi from 2003-06 when he was chief minister of Gujarat.

The Reuters says that during this period, Adhia had established a relationship of trust with his boss and it was he who introduced Narendra Modi to yoga.

Adhia was appointed Revenue Secretary in September 2015, reporting formally to Finance Minister Arun Jaitley. In reality, he had a direct line to Modi and they would speak in their native Gujarati when they met to discuss issues in depth.

“I have done all the research and, if it fails, then I am to blame,” PM Modi told the Cabinet meeting on November 8 shortly before the move was announced, according to three ministers who attended.

On November 8, immediately after Prime Minister’s address to the nation, Adhia tweeted, “This is the biggest and the boldest step by the Government for containing black money.”

The original plan was to announce ‘demonetisation’ around November 18 but the feat of possible leak forced the PM to make the announcement on November 8.

“The plan was to introduce it around November 18, but there was a clear sign that it could get leaked,” an official involved with the process told Reuters on the condition on anonymity as the matter is very sensitive.


Lateset News

Most Popular

%d bloggers like this: