Congress to protest on 2nd anniversary of demonetisation

Jammu: The Congress on Thursday while taking a dig at Modi said that demonetisation has wrecked the economy and consumed many lives, and asked the government not to indulge in any further unorthodox, short-term economic measures that could cause more uncertainty in the economy and financial markets.

The statement said Jammu and Kashmir Pradesh Congress Committee (JKPCC) would hold a protest on Friday in Jammu on the second anniversary of demonetisation seeking answers from the government over the benefits to this “ill-advised step”.

“Two years ago Modi made the dramatic announcement of demonetisation and declared to achieve three main objectives- proscribe terror, financing, eliminate black money and eradicate fake currency,” the party said. “The nation is aware of the troubles common people of this country had to undergo after this decision.”

JKPCC spokesperson Ravinder Sharma alleged that demonetisation wiped out MSME sector, cottage industry, tiny sector and crores of daily wage earners lost their jobs. “The Indian economy lost about 1.5% in terms of GDP which translates into 2.25 lac crores per year. While announcing demonetisation, Modi had on several occasion announced that he could be hanged in any public place if the three main objectives were not achieved in 50 days,” he added.

Sharma said that when more than two years have lapsed, it is time to seek answers from the Modi government as to what was achieved out of it and who are the beneficiaries of this step.