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IOK economic experts trash Parrikar’s demonetisation theory

Srinagar, November 16, 2016 (PPI-OT): In occupied Kashmir, economic experts and business leaders hitting out at Indian Defence Minister Manohar Parrikar have said that stone-pelting in the territory was spontaneous and it only took place when Indian armed forces resisted peaceful protests.

Shakeel Qalander, who is a member of civil society group Kashmir Center for Social and Development Studies (KCSDS), in a statement in Srinagar said, “By blowing the black money and uprising funding trumpet, Parrikar is resorting to rhetoric. Defence Minister is naïve in connecting stone pelting with demonetization.”

“Demonetization has been pressed in to get money into the system and has nothing to do with identification of funding for the ongoing uprising. By talking about demonetization and stone pelting, the Defence minister is making mockery of this move,” Qalander said.

Kashmir Chamber of Commerce and Industry (KCCI) President Mushtaq Wani said that the propaganda unleashed by the Indian media to connect current uprising in Kashmir to unscrupulous funding was being echoed by Parrikar.

“The notion being created is that youth are funded in Kashmir for coming out on roads to express their resentment. There cannot be a bigger lie than this,” Wani said.

“Demonetization has pinched most urban populace but in Kashmir it has left behind much little impact and the reason is that most of the economic activity is on hold due to uprising for last four months. There is not much uneasiness with regard to demonetization in Kashmir which means that the theory of black money funding for uprising in Kashmir has no basis,” said economist Professor Nisar Ali.

Meanwhile, the Awami Ittehad Party (AIP) President, Engineer Abdur Rasheed commenting on the Manohar Parikar’s assertions said, “Such bizarre remarks speak of his intellectual bankruptcy. “Parikar by passing such pity remarks has tried to mislead the masses in India who have been facing a lot of inconvenience by Modi’s style of functioning— Muhammad Tagaluq’s way.

For more information, contact:
Kashmir Media Service
Email: info@kmsnews.org
Phone: 92-51-4435548, 4435549
Fax: 92-51-4861736

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