New Delhi: The Congress party on Wednesday launched an all-out attack against the central government\u2019s demonetisation move, on a day the exercise completed seven years.<\/p>\n
Leading the attack on the central leadership, Congress President Mallikarjun Kharge termed the demonetization drive the biggest assault on India\u2019s economy and livelihood.<\/p>\n
\u201cIndians are still nursing the wound of this mindless giant attack,\u201d he wrote on his X timeline, alleging that the move left lakhs of small businesses shut, job loss, and people\u2019s savings destroyed.<\/p>\n
\u201cBut seven years down the line, people of India badly battered and bruised on that fateful night of November 8, are still searching for answers!\u201d Kharge said. \u201cWhy were crores of people made to stand in lines, waiting for their own money?\u201d<\/p>\n
\nDemonetisation was the biggest assault on India\u2019s Economy and Livelihood!<\/p>\n
Indians are still nursing the wound of this mindless giant attack!<\/p>\n
50 days is what Modi ji wanted\u2026<\/p>\n
But 7 years down the line, people of India badly battered and bruised on that fateful night of November\u2026<\/p>\n
\u2014 Mallikarjun Kharge (@kharge) November 8, 2023<\/a><\/p>\n<\/blockquote>\n
Further, he also asked whether the \u2018black money\u2019 menace wiped off, terror-related incidents stopped, and did fake currency decreased after the demonetization drive.<\/p>\n
\u201cWhy couldn\u2019t we become a \u2018Cashless Economy\u2019 without wiping off 86.4 per cent notes at one go? Hasn\u2019t the Cash in Circulation now soared by a whopping 83 per cent since 2016?\u201d he further asked.<\/p>\n
Former Congress President Rahul Gandhi termed the 2016 move to be a well-thought-out conspiracy to destroy employment, stop the income of workers, eliminate small businesses, harm farmers, and break the unorganized economy.<\/p>\n
Rahul Gandhi alleged it was an attack on 99 per cent of common Indians to benefit 1 per cent of capitalists.
Echoing the voice of his party boss Kharge and leader Rahul Gandhi, Congress leader Jairam Ramesh joined the attack, alleging that the demonetization broke the back of the Indian economy and epitomised the unique combination of hubris, inhumanity and economic illiteracy that is the hallmark of the Modi government.<\/p>\n\u201cDemonetisation along with a badly designed and hurriedly rushed through GST finished off India\u2019s job-generating small and medium businesses, caused a 45-year unemployment high, and ended the economic recovery that had begun in 2013, all while failing to achieve any of its stated objectives,\u201d Jairam said.<\/p>\n
\u201cIt led to a record concentration of wealth and power, particularly among a handful of large monopolies that have sustained the BJP financially even as the people continue to grapple with joblessness and price rise caused by the same monopolization,\u201d Jairam said in an X post.<\/p>\n
He cited a Centre for Monitoring Indian Economy (CMIE) report that noted that 15 lakhs jobs were decimated from January to April 2017, equating it to be a likely result of demonetisation.<\/p>\n
\nToday is the 7th anniversary of the Modi-made demonetisation disaster from which our country is still reeling. We need to recall and remind ourselves of what the PM inflicted on the Indian economy and on the daily livelihoods of crores of families. Here\u2019s our detailed statement. pic.twitter.com\/Y3vmwH5xgW<\/a><\/p>\n
\u2014 Jairam Ramesh (@Jairam_Ramesh) November 8, 2023<\/a><\/p>\n<\/blockquote>\n
\u201cDemonetisation was a monumental blunder that failed to achieve any of the shifting goalposts that the Modi government had proposed as objectives\u2013whether reducing the spread of black money, ending counterfeiting or making India cashless,\u201d Jairam added.<\/p>\n
Opposition leader in the Lok Sabha Adhir Ranjan Chowdhury also took on the Government on the issue.
Taking to his X timeline coinciding with the demonetisation exercise turning seven, the Congress leader asked the Prime Minister whether he should \u201ccelebrate the occasion or mourn for abysmal failure.\u201d<\/p>\n\u201cRespected PM @narendramodi Ji, today is the 7th anniversary of #DEMONITIZATION touted as your visionary step for ERADICATION OF BLACK MONEY from India. Now should we celebrate the occasion or mourn for abysmal failure,\u201d Adhir Chowdhury posted on X.<\/p>\n
\nRespected PM @narendramodi<\/a> Ji, today is the 7th anniversary of #DEMONITIZATION<\/a> touted as your visionary step for ERADICATION OF BLACK MONEY from India. Now should we celebrate the occassion or mourn for abysmal failure.<\/p>\n