New Delhi:The Congress on Tuesday alleged that demonetisation was independent India's "greatest organised loot" and demanded a white paper from the Modi government on the 2016 move.
Addressing a press conference on the sixth anniversary of demonetisation at the AICC headquarters here, Congress leader Gourav Vallabh said Prime Minister Modi had surprised all by declaring that currency notes of Rs 500 and Rs 1,000 were being scrapped on this day in 2016 and the decision triggered "panic, creating unspeakable problems linked to cash and destroying countless small and medium businesses". It has been six years since independent India's "greatest organised loot", Vallabh said and accused the government of destroying the economy through demonetisation. Cash in circulation today is Rs 30.88 lakh crore, while it was merely Rs 17.97 lakh crore in November 2016, he said.
"One of the stated objectives of the demonetisation was to promote digital transactions as the government felt too much cash was in circulation. The sharp jump in cash has clearly exploded that objective of the government — sending it the way of its other goals like fighting corruption, weeding out fake notes and curbing terror funding," Vallabh said.(PTI)
