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Thursday, April 02, 2020

Demonetisation a ‘terror attack’: Rahul Gandhi on three years of note ban

"It’s three years since the demonetisation terror attack that devastated the Indian economy, taking many lives, wiping out lakhs of small businesses & leaving millions of Indians unemployed," Rahul Gandhi tweeted.

By: Express Web Desk | New Delhi | Updated: November 8, 2019 12:58:38 pm
demonetisation, 3 years of demonetisation, demonetisation anniversary, rahul gandhi, rahul gandhi on demonetisation, priyanka gandhi vadra, mamata banerjee, note ban Former Congress chief Rahul Gandhi. (PTI)

On the third anniversary of demonetisation, former Congress chief Rahul Gandhi Friday took potshots at the Narendra Modi-led government and said the decision to demonetise currency of higher denominations “devastated the Indian economy” and rendered millions of Indians unemployed.

In a tweet, Gandhi compared the note ban to a “terror attack” that took “many lives, wiping out lakhs of small businesses”.

Earlier in the day, Congress general secretary Priyanka Gandhi Vadra claimed that the note ban was a “slayer of all evils”, and proved to be a “disaster” that has all but destroyed the economy. “3 years since demonetisation and every claim made by the government and those hailing it as a slayer of all evils has been turned on its head. It proved to be a disaster that has all but destroyed our economy,” she posted on the micro-blogging site.

“Anyone want to claim responsibility?” the Congress general secretary said, using the hashtag ‘DeMonetisation Disaster’.

Speaking along similar lines, West Bengal Chief Minister Mamata Banerjee said the Centre’s move to demonetise high-value currency notes on this day in 2016 was a futile exercise which had a negative impact on the country’s economy.

“Today is the third anniversary of #DeMonetisationDisaster. Within minutes of announcement, I had said that it will ruin the economy and the lives of millions. Renowned economists, common people & all experts now agree. Figures from RBI have also shown it was a futile exercise,” the TMC supremo tweeted. “Economic disaster started on that day and look where it has reached now. Banks stressed, economy in a complete slump. All affected. From farmers to the young generation to workers to traders, housewives… everyone is affected.”

Prime Minister Narendra Modi, in a televised address on November 8, 2016, had announced that Rs 500 and Rs 1,000 currency notes — 86 per cent of all currency notes in circulation in value — would cease to be legal tender. Modi had said that the decision was taken to crackdown on black money, terror funding and corruption.

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