How will replacing Rs 1,000 notes with Rs 2,000 notes curb black money: Rahul Gandhi

Rahul said that the decision has thrown farmers, small shopkeepers and housewives into "utter chaos"

By: PTI | New Delhi | Updated: November 9, 2016 7:36 pm
Rahul Gandhi, Gandhi, Rs 500, Rs 1000, Rs 500 notes, Rs 1000 notes, 500 notes, 1000 notes, 2000 notes, Rs 2000 note, 2000 rs note, new 2000 note, India news Congress Vice President Rahul Gandhi

Reacting to Prime Minister Narendra Modi’s announcement of withdrawing notes of Rs 500 and Rs 1,000 denomination, Congress vice-president Rahul Gandhi said, “PM Narendra Modi shows how little he cares about ordinary people of this country.”

WATCH VIDEO: Rs 500 & Rs 1000 Illegal: Scuffle At An ATM With People Queuing Up To Withdraw Money

Rahul said that the decision has thrown farmers, small shopkeepers and housewives into “utter chaos”, adding that, “real culprits sit tight on their black money stashed abroad or in bullion and real estate”. The Congress V-P further asked the PM: “How is replacing Rs 1000 notes with Rs 2000 notes going to make black money hoarding a lot harder.”

In a nationnwide address, the prime minister Tuesday announced that in a step to curb black money, the government will demonitise currency notes of Rs 500 and Rs 1000 from midnight November 8 to weed out fake currency from circulation. “Corruption, fake currency and terrorism are festering wounds, holding back the economy,” said Modi.