Nearly two months after Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs 1000 notes, Kerala's finance minister has now published a critique on the government's decision.
State finance minister Dr Thomas Isaac, who has been highly critical of the central government’s demonetisation move, released his new book on Tuesday, that analyses the decision in detail.
Titled “Kallappana Vetta: Midhyayum Yadharthyavum” (Black money hunt: Myths and Realities) and published by Chintha publications, the 100-page book was released by prominent author MT Vasudevan Nair in Malappuram.
The book that was compiled in a week's time, argues that the move was not one to curb black money in the economy. Divided into ten chapters, the book follows a question answer format with 50 questions, that also analyses the impact demonetisation has had on the state of Kerala. The ninth chapter deals with the opinions of prominent economists and the tenth chapter summarises what lies ahead of this move.
The possible outcomes of demonetisation are also being explored in the book.
The release of the book gains significance at a time when the woes of demonetisation continue to be felt by people, even as Modi had promised on November 13 that the inconvenience was only "for a period of 50 days."
The LDF government in Kerala, especially the Finance Minister have been extremely vocal in their criticism against Modi's decision. Thomas Isaac has consistently maintained that demonetisation did not curb black money, but had only made the lives of the common man miserable.
Announcing the release of the book on Facebook recently, Thomas Isaac had said,
"Modi had said that if everything is not sorted out within 50 days, he is ready to accept any punishment. Therefore, my book is a compilation of answers to 50 questions on demonetisation," he wrote.
Thomas Isaac, an economist-turned-politician, has authored more than 10 books over the years. He had in April this year released “Facebook Diary”, that was a compilation of his Facebook posts that dealt with issues of the state.