Man who wrongly predicted PM Modi will declare 'Financial Emergency' says he's a rebel

Man who wrongly predicted PM Modi will declare 'Financial Emergency' says he's a rebel

Press Information Bureau denied any such possibility, saying that the story "is malicious and fake and that there is no such plan"

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PM Narendra ModiPM Narendra Modi
Sonal Khetarpal
  • Mar 25, 2020,
  • Updated Mar 25, 2020 2:35 AM IST

Thirty-four year old Nitin Naresh, founder of a little known two-year-old magazine for start-ups and entrepreneurs Inventiva created a storm by publishing an article titled 'Narendra Modi Likely To Declare A Emergency In India Under Article 360'.

The piece prophesying 'Article 360 states that if the President is satisfied that a situation has arisen whereby the financial stability or the credit of India or any part thereof is threatened, the President may declare a state of financial emergency' went viral on social media until the Press Information Bureau denying any such possibility.

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@PIBFactCheck tweeted that "Please be advised that the story is malicious and fake and that there is no such plan."

Well aware of the scramble he caused, Naresh, a graduate from Meerut's Sardar Vallabh Bhai Patel University of Agriculture and Technology, however, says, "it is a circumstantial opinion based article. Based on the current circumstances I am making a case that it is 'likely' to happen. It doesn't mean it will happen."

Nitin Naresh, Founder, Inventiva (Photo credit: LinkedIn)

Coronavirus in India LIVE updates: PM Modi announces 21-day nationwide lockdown

Thirty-four year old Nitin Naresh, founder of a little known two-year-old magazine for start-ups and entrepreneurs Inventiva created a storm by publishing an article titled 'Narendra Modi Likely To Declare A Emergency In India Under Article 360'.

The piece prophesying 'Article 360 states that if the President is satisfied that a situation has arisen whereby the financial stability or the credit of India or any part thereof is threatened, the President may declare a state of financial emergency' went viral on social media until the Press Information Bureau denying any such possibility.

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@PIBFactCheck tweeted that "Please be advised that the story is malicious and fake and that there is no such plan."

Well aware of the scramble he caused, Naresh, a graduate from Meerut's Sardar Vallabh Bhai Patel University of Agriculture and Technology, however, says, "it is a circumstantial opinion based article. Based on the current circumstances I am making a case that it is 'likely' to happen. It doesn't mean it will happen."

Nitin Naresh, Founder, Inventiva (Photo credit: LinkedIn)

Coronavirus in India LIVE updates: PM Modi announces 21-day nationwide lockdown

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