On this day in 2016, the prime minister had announced the decision to ban currency notes of denomination Rs 500 and Rs 1,000
A TMC supporter holds a placard during a protest against demonetisation, in New Delhi, on November 23, 2016. Pic/AFP
On the fifth anniversary of demonetisation, the Congress on Monday accused Prime Minister Narendra Modi of “destroying” the country’s economy and said the noteban decision will be marked in the world’s economic history as among the “worst policy blunders”.
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On this day in 2016, the prime minister had announced the decision to ban currency notes of denomination Rs 500 and Rs 1,000. “If demonetisation was successful then — Why hasn’t corruption ended? Why didn’t the black money returned? Why hasn’t the economy gone cashless? Why nothing has been done to stop terrorism? Why inflation has not been controlled? #DemonetisationDisaster,” Gandhi tweeted.
Sachin Pilot, in a tweet, said, “The country is still facing the brunt of demonetisation by the central government. This unplanned decision worked to destroy the small-medium industry, employment, income and economy of the country.”
Maharashtra Cabinet minister and NCP leader Nawab Malik tweeted, “Today, 5 years of demonetisation have been completed. Neither black money came back, nor corruption and terrorism were controlled. Modi had asked for 3 months, now he can tell us which crossroads we have to come.” “Because of the one that decision whole country’s economy has been shaken up,” he added.
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