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Demonetisation 2nd Anniversary: Congress Stages Protest Before RBI In Odisha’s Capital City

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09 November 2018

Bikash Das

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Bhubaneswar: In response to the All India Congress Committee (AICC)’s decision to protest Prime Minister Narendra Modi’s demonetization decision on November 8, 2016 as ‘Black Day’ on its second anniversary, Bhubaneswar District Congress Committee (DCC) today held a protest rally wearing black ribbon before the Reserve Bank of India (RBI) regional branch here.

In his media reactions, Bhubaneswar District Congress Committee president Manas Choudhury said, “For the wrong decision of Narendra Modi’s Government at the Centre, the people of our entire country have been suffering a lot till date. In a bid to make the public aware of it, we are staging this protest.”

When queried demonetization was claimed to be a step against black money, the Congress leader reacted, “99.66% of the old currency notes (demonetised Rs 1000 and Rs 500 notes) were back with the RBI. PM Modi had promised that Rs 15 lakh of the black money retrieved to be deposited with every Indian’s bank account. Rather the fuel price hike touched Rs 100 and LPG hike soared to Rs 1,000.”

He claimed, “Demonetisation was solely meant for fulfilling the promises made by Narendra Modi to the business houses during 2014 elections while the general public suffered a lot. While the figure of the Income Tax payers was 27% in 2015-16, it decreased to 25% in 2017 instead of increasing.”

He further claimed, “The digital transaction of money was 10.44% in 2015-16. But it ironically came down to 1.75%.”

The Congress leader commented, “Is it the Modi Government’s success or failure? The people of India have already realized that Narendra Modi’s intention is to fulfill the commitments made to the business houses. While the people who voted him to power are being harassed and made to suffer, helping those who backed him with notes during the last elections.”

He lambasted, “PM Modi is not acting as the ‘Chowkidar’ but as a ‘Chor’ (thief). This we want to explain before the general public by staging our demonstration today.”

Notably, the Opposition on Thursday (November 8) attacked the Narendra Modi Government for unleashing "destruction" on every citizen of India with its 2016 demonetisation move that only helped the Prime Minister's cronies.

On the second anniversary of the ban on Rs 500 and Rs 1,000 currency notes, the Congress called it a "black day" for the democracy and national economy, while the CPI-M termed it the "biggest scam in the history".

"The cost and destruction by demonetisation were endured by every citizen of this country other than few crony capitalist friends of PM Modi. Demonetisation was a black day for our democracy and our economy," the Congress tweeted.

Senior Congress leader and former Prime Minister Manmohan Singh yesterday urged the Centre to restore certainty and visibility in its economic policies.

The former Finance Minister in a statement asked the current NDA regime not to indulge in any further unorthodox, short-term economic measures that could cause any more uncertainty in the economy and financial markets.

In a sudden move that took everyone by surprise, Modi had on November 8, 2016 announced a ban on the currency notes of Rs 500 and Rs 1,000.

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Manas Choudhury, President, DCC, Bhubaneswar