Two years after demonetisation came into effect on November 8, 2016, the BJP-led government continues to defend the move meant to "wipe out illegal money" while the Opposition terms the step as "ill-advised" and "Tughlaqi".
Two years after demonetisation came into effect on November 8, 2016, the BJP-led government continues to defend the move meant to “wipe out illegal money” even as the Opposition terms the step as “ill-advised” and “Tughlaqi”. On Thursday, the second anniversary of demonetisation, the Congress has declared to hold protests across the country and seek an apology from Prime Minister Narendra Modi for “ruining” and “wrecking” the country’s economy. The party suggested that the PM should well address the nation at 8 pm much like he did two years ago when he announced the noteban with no prior notice.
The noteban exercise rendered 86 per cent of India’s old currencies of Rs 500 and Rs 1,000 invalid.
Congress to hold nationwide protests
Calling demonetisation an exercise comparable to Delhi Sultan Muhammad bin Tughlaq’s ill-advised monetary reforms in the 14th century, Congress leader Manish Tewari said none of the objectives of note ban had materialised two years later.
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