Mourning the death of big notes? Here’s a sample of their public appearances
GN Bureau | November 9, 2016
The superhero stock-broker dropped a bomb in July 1993, when he told a press conference that he had paid prime minister PV Narasimha Rao a bribe of Rs 1 crore, for relief in the securities-scam probe against him. With lawyer Mahesh Jethmalani sitting next to him, Mehta gave a demonstration with a large attache – supposedly similar to the one given to Rao.
The charge was not proved. Some also doubted if any attache can store one lakh notes – there was no Rs 500 note back then. Some also thought the Rs 1 crore figure was too ridiculous for an allegation against a prime minister.
The first sneak peek we Indians got of what our dear high-denomination notes are doing when we are not looking. In a controversial sting operation, Tehelka magazine caught then BJP president Bangaru Laxman happily accepting a wad of cash – Rs 1 lakh in currency notes of Rs 100 only – from the journalist who posed as a defence-deal middleman. That was just for the “new year party”. For “party donation”, he promised Rs 5 lakh. But what will we do by banning Indian currency, when Laxman preferred to receive the promised amount in dollars?
Cash for query
Another sting operation found several MPs willing to raise in parliament whatever question you want to as long as you paid for it. Eleven MPs – five from BJP – were expelled from parliament in a move LK Advani called “capital punishment” and “not commensurate with their crime”.
Cash for vote
We had to wait till 2008 for the first appearance of wads and wads of currency notes inside the parliament house. A group of BJP MPs alleged that the Manmohan Singh government had bribed them to survive the no-confidence motion after the Left withdrew its support over the nuclear deal and reduced it to minority. The government indeed survived the vote. Something must have happened, but exactly what transpired has not been proved. For record, Pappu Yadav writes in his autobiography that before the trust vote, both the UPA and NDA "approached" him, offering Rs 40 crore each to his party’s MPs.
On May 23 this year, the ministry of environment issued ‘Rules on prevention of cruelty to animals (regulation of livestock market)’ with the purported aim of regulating animal markets. When one reads the rules – notwithstanding the lame efforts from union ministers to issue clarificati
BEML, a mini ratna category-1 enterprise of the defence ministry, has set a target of using 100 percent renewable energy for its own consumption. In this connection, BEML’s 9 MW Windmill Park installed at Bagalkot District in Karnataka was recently
Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights
National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other stakeholders on GST implementation. Series of interactive programmes are being
Taking prime minister Narendra Modi’s vision of ‘Housing for all by 2022’ forward, Employees` Provident Fund Organisation (EPFO) has amended the EPF Scheme, 1952 to provide assistance in acquiring affordable houses to the EPF members by allowing withdrawal from PF to
IndianOil is currently transporting bulk LPG from Mangalore to various LPG bottling plants in north Kerala through about 100 bullet trucks every day, which ply on narrow highways. A pipeline connecting the proposed LPG import terminal to Kochi Refineries Limited and the LPG bottling plants at Udayamperoo