 "Congress, Congress manifesto")
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.
No one knows this better than Prime Minister Narendra Modi and the Bharatiya Janata Party (BJP).
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
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
