On Thursday, Congress President Rahul Gandhi cited demonetization a tragedy and alleged that demonetization was a carefully planned criminal financial scam by Prime Minister Narendra Modi and his government in which 86 percent of India’s currency was taken out of circulation.
Rahul Gandhi said in a statement, “India will discover, no matter how the government tries to hide it, that demonetization wasn’t just an ill-conceived and poorly executed economic policy with ‘innocent intent’, but a carefully planned, criminal financial scam… The full truth about demonetization is not out yet. India’s people will not rest till it is”.
Gandhi said, “Demonetization was a tragedy. India has faced many tragedies in its past. Many a time have envious, external enemies tried to hurt us. But demonetization is unique in the history of our tragedies because it was a self-inflicted, suicidal attack that destroyed millions of lives and ruined thousands of India’s small businesses”.
— Times of India (@timesofindia) November 9, 2018
Rahul Gandhi’s remarks came after Finance Minister Arun Jaitley backed demonetization saying that it helped in formation of economy and tax collection.
Gandhi said, “November 8th will forever go down in the history of India, as a day of infamy. Two years ago, on this day, Prime Minister Modi unleashed the tyranny of demonetization on the nation”.
Gandhi criticized PM Modi and BJP led government citing that PM Modi helped his corporate friends during demonetization. He said, “At eight that night, he appeared on television to deliver a unilateral announcement, that we now know didn’t even have the support of his own economic advisors. With that one declaration of demonetization, Mr Modi took 86% of India’s currency out of circulation, bringing our economy to a grinding halt”.
He added, “From a war against counterfeit currency and terrorism, to permanently removing the scourge of black money; from increasing savings to forcing a shift to digital transactions; not a single stated objective of the government’s has been met”.