Congress leader Rahul Gandhi
Rahul Gandhi, leader of the Congress party and leader of the opposition in the Lok Sabha, has set the central government’s target to complete eight years of demonetisation. He said that even today, India uses more cash than when demonetization was implemented eight years ago. Demonetization destroyed MSMEs and the informal sector, paving the way for monopolies.
Rahul Gandhi further said in a post on social media A new deal that promotes fairness and freedom is needed to unleash the energy of fair-playing businesses across the country. Rahul also shared a diagram in his post. It shows how much cash was in the market before and after demonetisation.
India still uses more cash today than when demonetisation was introduced eight years ago.
Demo paves the way for monopolies by destroying MSMEs and the informal sector.
Incompetent and ill-intentioned policies create an environment of fear that will stifle business growth pic.twitter.com/0uJX9aQPjb
—Rahul Gandhi (@RahulGandhi) November 8, 2024
Akhilesh Yadav also attacked the Center
Before the Leader of Opposition, former UP chief minister and Samajwadi Party chief Akhilesh Yadav also targeted the BJP over the demonetisation issue. The former prime minister said an entire chapter of his name in India’s economic history will be printed only in black. Today, a day ahead of the eighth anniversary of demonetisation, the rupee fell to yesterday’s lowest level against the US dollar. People are asking whether this happened because of the failure of demonetisation or because of the negative policies of the BJP.
An entire chapter in India’s economic history, in the name of demonetisation, will be printed only in black.
Today, just a day ahead of the eighth anniversary of demonetisation, the rupee hit its lowest against the US dollar yesterday. The public is asking if this happened because of the failed demonetisation, or
— Akhilesh Yadav (@yadavakhilesh) November 8, 2024
“Rupaya said today that the BJP does not want it”
He further said that now will the people of the BJP say again that in the history of the country, the rupee did not fall to the lowest level against the US dollar and break records, but the US dollar rose. The BJP has plunged the country’s economy into a disaster. Today’s money shows that the BJP doesn’t want it.
When will demonetisation be implemented in the country?
In fact, Prime Minister Narendra Modi announced the demonetization of Rs 500 and Rs 1,000 notes while addressing the nation on November 8, 2016 at 8 pm. Following the Prime Minister’s announcement, demonetisation was implemented in the country from midnight on the same day. Long queues formed outside ATMs and banks for days after demonetisation came into effect. For this purpose, the Reserve Bank of India issued new notes of Rs 500 and Rs 2,000. The government said the step was taken to eliminate the problem of black money and counterfeit currency in the country.
