Modinomics, Jaitleynomics destroyed economy? Congress wants PM to apologise for note ban

On Wednesday, the Congress asked Prime Minister Narendra Modi to apologise over demonetisation.

New Delhi, Oct 26: There is no end to politics over demonetisation. As it is going to be a year since the Narendra Modi government decided to ban Rs 500 and Rs 1,000 currency notes as a part of demonetisation on November 8 last year, both the Bharatiya Janata Party (BJP) government at the Centre and the Opposition are coming up with their own versions of "note ban".

While the Opposition led by the Congress is going to observe November 8 as the "black day", the BJP-led National Democratic Alliance (NDA) government is going to mark the same day as the "anti-black money day".

The idea behind the opposition parties to observe the day as "black day" as demonetisation allegedly proved costly for the country's economy leading to slow growth rate, loss in jobs and derailment of development processes, to name a few.

The ruling BJP wants to celebrate the day as demonetisation was introduced to fight against corruption, black money and terror funding, which the Centre believes has succeeded in fulfilling.

After Arun Jaitley on Wednesday announced that the government is going to celebrate November 8 as the "anti-black money day", the Congress immediately targeted Prime Minister Modi and the Union finance minister over the current "mess in the economy".

The Congress asked the PM to apologise for the demonetisation decision which took the lives of 150 people and wiped off millions of jobs.

"Modinomics and Jaitleynomics have destroyed India's economic growth story. Jobs are in peril, businesses are shutting down, exports are falling, Gross Domestic Product (GDP) is on a downward spiral, Non-Performing Asset (NPA) have touched a whopping Rs 9 lakh crore and credit growth is a low of 63 years," Congress spokespersons Randeep Surjewala and Anand Sharma said.

"The PM should apologise to the nation," the Congress spokespersons demanded.
The Congress questioned the BJP over its decision to "celebrate the first anniversary of note ban".

"Instead of apologising for the death of over 150 people and unprecedented strike on livelihood of common Indians, the BJP is so drunk with power that it wants to celebrate the 'Demon of Demonetisation'," said the two Congress leaders.

Early in the day, Congress vice president Rahul Gandhi made a 'sarcastic' remark against Jaitley's claims of over 7 per cent growth in the past three years and termed them as farcical.

"Dear Mr Jaitley, May the farce be with you," Rahul tweeted.

The Congress asked the Centre where had all the black money gone and whether note ban helped curb fake currency and terror funding, and pushed digital economy, as claimed by the PM.

"PM Modi and FM Jaitley say that since November 2016 up to May 2017, a total Rs 17,526 crore has been detected as 'Undisclosed Income'. They forget to mention that 5 times more 'Black Money' was unearthed by the Congress-led UPA government in its last two years," said Sharma.

The Congress alleged that the BJP government is lying about the country's economy. "Whatever has been said about the economy is not true. It is wrong to say that India's economic fundamentals are strong and the claim that India's economy is the world's fastest growing economy is factually incorrect," said Sharma.

"The government has no plans to put the economy back on track," he added.

OneIndia News