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The sudden “freezing” of the Congress party’s accounts will have the same effect. Political observers will see its objective as cutting off the “supply line” for the Congress in the upcoming general election | File image
Armies march on their stomachs, and electoral battles are fought on the ability to spend resources. If their funding is choked, political parties will not find anyone even to stick their election posters.
The demonetisation of large denomination bank notes in November 2016, just a few months preceding the Uttar Pradesh state elections in early February 2017, virtually emptied overnight, the war chests of the BJP’s rivals from which they have never recovered. Whatever its other intended outcomes, demonetisation gave
First Published: Feb 19 2024 | 11:31 AM IST