Soon after the announcement of Rs 2000 note following the ban of old 500 and 1000 Rupee notes there were wider-spread rumors of the presence of the Nano-GPS Chip (NGC). However soon both the finance ministry and RBI officials debunked the presence of any such chip.
Over the past weeks we’ve been seeing reports that IT department have been performing raids with 100% accuracy and have seized nearly 100 Cr worth of new notes. Also very recently, PM Modi in one of his speeches said, “Right now people are thinking that by exchanging the new currency with old one with the help of some bankers. They think they are safe and leave from back door. I assure you that they cannot escape because I have cameras in the back doors also”. He further went on to say whoever has committed this sin after November 8th , he will not be spared off at any cost and will be caught within 2 – 4 or 6 months. These strong statements convey the conviction behind the demonetization move.
Now a a new theory of radioactive ink has emerged. Rumors say that P32 is a radioactive isotope of Phosphorus consisting of 15 protons and 17 neutrons and it is used in the radioactive ink in minimum quantity. Rumors further say that huge accumulation of notes would emit strong radiation which helps IT sleuths to track the hoarders.
Although such rumors excite curiosity and spread like wild fire, careful study on Phosphorous P32 reveals that like any radioactive material the radiation from Phosphorous P32 is highly dangerous to Human Body. It is highly unlikely that the Government would have used this material endangering the lives of many, mostly the bank staff who would be handling the notes in huge numbers.
We believe that IT department are doing a great job in tracking the notes by sticking to old-school detective style and these radioactive tracking is nothing but a false hoax. However we urge the representatives of Finance ministry and RBI to issue a statement to the public, to clear things up and assure that bank officials that their health is not at risk.