Congress Demand on Demonetization: Modi should apologize from the country for the Demonetization

 29 Aug 2018 ( IBTN News Bureau )
POSTER

In India, the official figure of notes deposited after the demonetization was exposed. After this, the Congress on Thursday targeted Prime Minister Narendra Modi and said that Modi should apologize to the country for 'Tugal Farman'. Congress claimed that India's economy suffered a loss of 2.25 lakh crores in a year because of the demonetization.

According to the News Agency Bhasha, Congress spokesman Manish Tewari told the media, "During the demonetization, prime minister Modi had told three motives. First, that terrorism will hurt, secondly that counterfeit currency will be curb and the third is that the black money will come back. The question is, what was the result of this Tugalaki Farman? Because of the demonetization, the economy has lost 1.5 percent of GDP. Accordingly, a loss of Rs 2.25 lakh crore in one year. Besides, more than 100 people died due to standing in the queue. Millions of people have become unemployed."

Manish Tewari said, "If the Prime Minister had a morality ethics, he would resign, but we don't expect it from him. Our demand is that they should accept responsibility for this Tugalak Farman and apologize to the country."

Senior Congress leader and former finance minister P Chidambaram also targeted the government and said that due to the demonetization, India has suffered a loss of Rs 2.25 lakh crore. He indirectly referred to Prime Minister Narendra Modi and questioned, "Remember who said that Rs three lakh crore will not come back and will it be beneficial for the government?"

Congress Chief Spokesperson Randeep Surjewala said, "The RBI's report again proved that the demonetization was a widely known 'Modi Made Disaster'. 99.30 percent of notes that are out of circulation have come back.

According to the latest data released by the Reserve Bank of India, 99.30 percent of the 500 and 1,000 rupees notes closed after the demonetization was imposed on November 8, 2016, has come back to the banks. At the time of the demonetization, there were notes of Rs. 15.41 lakh crores in circulation of 500 and 1,000 rupees according to value. Out of these Rs. 15.31 lakh crores notes have been returned to the banks. This means that only Rs. 10,720 crore in closed notes have not been returned to the banks.

 

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