1. Mayawati slams PM Modi on black money crackdown, says there is an undeclared economic emergency

Mayawati slams PM Modi on black money crackdown, says there is an undeclared economic emergency

Hitting out at Prime Minister Narendra Modi for the demonetisation scheme, BSP chief Mayawati on Thursday said that the move was a case of undeclared economic emergency in the country.

By: | New Delhi | Published: November 10, 2016 12:27 PM
Mayawati L Accusing the BJP for targetting poor people of the country, Mayawati said that the poor and the downtrodden are not BJP’s vote bank. (Source: PTI)

Hitting out at Prime Minister Narendra Modi for the demonetisation scheme, BSP chief Mayawati on Thursday said that the move was a case of undeclared economic emergency in the country. She said that after two and half years the NDA government realised about black money. “PM’s decision is bit selfish, if they really wanted to curb black money then why they took this decision after so many years.” BSP supremo said that 90 percent of people are not happy with the demonetisation scheme introduced by the government. Accusing the BJP for targetting poor people of the country, Mayawati said that the poor and the downtrodden are not BJP’s vote bank. “To hide their inefficiency, economic emergency like situation has been created by the government as elections in UP are close.”

Meanwhile, the Centre today filed a caveat in the Supreme Court that it be heard if the court entertains any petition on demonetisation of Rs 1,000 and Rs 500 notes even as the apex court indicated that it may hear on November 15 a plea challenging the government decision. The Prime Minister, in a televised address to the nation on November 8, had declared that high denomination notes of Rs 500 and Rs 1000 will not be legal tender from November 8 midnight. He had said that the Government has declared a “decisive” war against black money and corruption.

Long queues were seen outside banks across the country and also at RBI counters for replacement of old Rs 500 and 1,000 notes as banks opened today after demonatisation of such bills by the government on Tuesday. Following the decision, banks were shut yesterday to stock lower denomination cash and new security-featured Rs 500 and Rs 2,000 notes. Banks have made additional arrangements for exchanging cash and deposit of old high denomination notes in order to handle heavy rush. Banks have been asked to be open on weekends including Sunday to deal with the situation.

(With inputs from Agencies)

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