Demonetisation move ‘ill-planned, badly-executed’: Ajay Maken

Maken asserted that "invalidating 86 per cent of country's own currency" will put a "question mark" on the "credibility" of the Modi government.

By: PTI | New Delhi | Published:November 26, 2016 9:51 pm
Narendra Modi, Delhi Congress chief Ajay Maken, Modi government, Delhi Congress workers, non-functional ATMs, Latest news, India news, Note Pe charcha, latest news Congress leader Ajay Maken. (file photo)

Delhi Congress chief Ajay Maken on Saturday attacked Narendra Modi government for “ill-planned and badly-executed” implementation of demonetisation of high value currency notes and sought an explanation from the Prime Minister about the reasons of problems being faced by common people. Releasing a white paper on demonetisation here, he said this thirty-one page document ‘Note Pe charcha’ (debate on note) “exposes the lies” of the government on demonetisation.

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“The value of withdrawn currency is Rs 14.08 lakh crore, which is 86.4 per cent of the total value of Rs 16.4 lakh crore of currency notes in circulation. Stringent limits on cash withdrawals, long queues outside banks and non-functional ATMs indicate unpreparedness to handle the situation by the Modi government,” he said in a press conference.

Maken asserted that “invalidating 86 per cent of country’s own currency” will put a “question mark” on the “credibility” of the Modi government.

Alleging that there is a “big scam” behind demonetisation as the BJP seemed to have “advance information” about it, he said “some BJP leaders bought land in Bihar before demonetisation while the West Bengal unit of the BJP deposited money in the banks”.

Accusing the government of “misleading” people suffering due to “ill-planned and badly-executed” demonetisation, he said “Modi should explain to the people what are the solutions to their predicament and problems on account of the faulty-executed demonetisation move.”

Delhi Congress workers will take out a protest march from Mandi House to Parliament on Sunday as part of their protest against demonetisation move.