Keeping up the offensive, Congress today said the demonetisation decision taken exactly a month back was a “disaster” that has badly jeopardised the country’s economy and dubbed it as “an astronomical failure” and a “still-born child”.
The Congress also latched on to the statements of Union Revenue Secretary Hasmukh Adhia and the RBI, claiming that they “vindicated” the party’s stand that demonetisation move was “bad economic policy”.
Accusing the government of constantly shifting the goalpost by changing rules after announcing demonetisation, AICC spokesperson Sushmita Dev said it has failed to address the issues of terrorism, counterfeit currency, black money and corruption. Demonetisation is an “astronomical failure”, she said
Dev claimed that the Revenue Secretary’s statement that all currency will come into the market and no windfall gains are expected showed that “the last wicket of Modi government has fallen”.
“Today it has been conclusively proved that the BJP Government has given birth to still-born child – Demonetisation. A month after Shri Narendra Modi’s unilateral declaration of ‘Note Ban’, the economy of the country is badly jeopardised. Prime Minister told the people in queues that every inconvenience was minor and for the greater interest of the nation,” she said.
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Dev said India was told by the Prime Minister on November 8 that demonetisation is an exercise conducted to curb Black Money and Corruption, fake currency and terror funding.
“But all these three wickets which Shri Modi pitched to launch this failed scheme have come crumbling down. All these 3 wickets have fallen and Modiji out on a hit-wicket!,” she said.
The Congress leader said the Revenue Secretary says that the entire cash withdrawn from the system will be deposited back into the system.
“This effectively means that the entire demonetisation exercise is a complete failure. The Government has miserably failed to extract the Black Money from the system,” she said. Dev said the final blow comes with the statement of the Revenue Secretary. The Government which was vying for a windfall gain to reduce their NPA’s and strengthen the fiscal situation of the nation will not be able to make any gain/profit in this scenario, she claimed.
“Congress would like to put the record straight, that Shri Modi’s biggest economic policy has turned into nothing but a disaster for the nation,” Dev said.