Demonetisation created economic disaster: Cong

| | Bhopal
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Demonetisation created economic disaster: Cong

Saturday, 31 December 2016 | Staff Reporter | Bhopal

launching a scathing attack on PM Narendra Modi over demonetisation, All India Congress Committee (AICC) general secretary and in-charge of Madhya Pradesh Mohan Prakash here on Wednesday alleged that the decision caused an economic disaster.

While talking to media persons, Prakash said, “What happened on 9/11 in United States of America Modi did the same in India on 8/11. The Prime Minister sees the piggybanks of children and savings of women as black money. The demonetization move is this century’s biggest scam perpetrated by Modi.”

Prakash was addressing party workers during the 131st foundation day programme of Indian National Congress on Wednesday at Sadbhawana lawn, opposite CID Office, Jafar Nagar. He blasted the BJP-led Government for insensitivity towards sufferings of poor due to withdrawal of currency and faulted it for poor planning.

“Companies like PayTm, Flipkart, Amazon, Visa Card, American Express dealing in cashless banking are earning profit from hard earned money of Indian people but common man is forced to stand in long queues just because of Government’s irresponsible decisions. BJP pockets hefty commissions from these foreign companies,” Prakash alleged.

The Congress leader also said that demonetization affected common man while rich people are still under the shelter of BJP Government. Modi took this step in the name of black money and to curb terrorism but soon demonetization is going to be the biggest corruption after independence.

Those who are holding higher posts in Reserve Bank of India (RBI) are following the instructions of Government to provide huge amounts to chosen few people that has resulted in big crunch of cash availability in the banks, he claimed.

He added that over 8000 farmers have committed suicide but the Modi Government is neglecting the issue. On the other hand, loans worth Rs 1.50 lakh crore of industrialists have been waived off. He blamed Modi Government for the deaths that occurred during the period of demonetisation and demanded compensation for all such families at the earliest.

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