PM Modi’s move to demonetise Rs 500 and Rs 1,000 currency notes across the country has yielded results in terms of putting a stop in ‘terror funding’ as there was a sharp decline in stone-pelting cases in the Kashmir Valley following currency ban.
The police reported no incident of stone-pelting anywhere in the past few days, with officials attributing it to sealing of “money channels” that were inciting violence.
Separatists and their Pakistani-handlers, largely believed to be behind the ongoing unrest, were pumping in money to keep the turmoil going. Most transactions takes place in big currency notes as the stone-pelter would charge at least Rs 500 per day.
A massive reduction in stone-pelting incidents strongly supports the stand of the central government that Pakistan is pumping in money into Kashmir through various hawala channels.
Social media is also abuzz with the relative calm in the Valley.
Meanwhile, defying separatists’ diktats at least 95 per cent of Class 12 students appeared for their state board exams on November 14. The schools and colleges have been forcibly shut for the past four months in the Valley.
Security forces in the past have received complaints that separatists were paying stone- pelters and other anti-national elements.
Moreover, Defence minister Manohar Parrikar too congratulated PM Modi and said, “Earlier, there were rates: Rs 500 for stone pelting (on security forces in Kashmir) and Rs 1,000 for doing something else. PM has brought terror funding to zero”.
The government had said that the demonetiation move would not only prevent corruption and hoarding of black money but also go a long way in curbing terror-funding.
Opposition parties — Congress, JD(U), Trinamool Congress, CPM, CPI, RJD, JMM and the YSR Congress, which are likely to be joined by BSP, DMK and possibly SP, will not let Parliament function the month-long winter session of Parliament and try to put the BJP-led government on the mat over the demonetisation issue.