Congress blames demonetisation for slowdown

As many as 3.72 crore jobs were lost in one year, says AICC general secretary

November 05, 2017 10:46 pm | Updated 10:46 pm IST - VELLORE:

PUDUCHERRY:12/02/2016; former Union Minister and AICC Secretary Mukul Wasnik in Puducherry on Friday.PHOTO_M_Samraj
புதுச்சேரி: 12-02-2016: அகில இந்திய காங்கிரஸ் கமிட்டி பொதுச் செயலாளர் முகுல் வாஸ்னிக். படம்.எம்.சாம்ராஜ்.

PUDUCHERRY:12/02/2016; former Union Minister and AICC Secretary Mukul Wasnik in Puducherry on Friday.PHOTO_M_Samraj புதுச்சேரி: 12-02-2016: அகில இந்திய காங்கிரஸ் கமிட்டி பொதுச் செயலாளர் முகுல் வாஸ்னிக். படம்.எம்.சாம்ராஜ்.

Post-demonetisation, India has lost 3.72 crore jobs in the last one year, and the country’s economy has slowed down with the GDP growth coming down by 2%, All India Congress Committee’s (AICC) general secretary Mukul Wasnik said on Saturday.

He was here to take part in the birth centenary celebrations of former Prime Minister Indira Gandhi.

Speaking to reporters, he said small and medium scale industries, traders, street vendors, farmers and labourers were still suffering due to demonetisation of ₹500 and ₹1,000 notes.

‘Modi responsible’

“Every section of the society is suffering today, and we hold Prime Minister Narendra Modi as the sole person responsible for inflicting this massive disaster on the Indian economy. This is a Modi-made disaster, and we believe that this is the biggest scam independent India has ever seen,” he said.

He pointed out that the two notes accounted for 86% of the currency in circulation. The party would observe November 8, the day on which demonetisation was announced, as ‘Black Day’ across the country.

“We will be holding massive demonstrations and protest marches in every block and district in the country. At 8 p.m. on November 8, the Congress party funcionaries will march with candles,” Mr. Wasnik said.

When the economy and people were facing a severe crisis, the Prime Minister and the Bharatiya Janata Party had decided to observe November 8 as ‘Golden Day’, he said, adding, “it is like rubbing salt into the wounds of people.”

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