Government targeted over note ban

August 01, 2017 09:47 pm | Updated 10:13 pm IST - New Delhi

AHMEDABAD, GUJARAT, 23/11/2016: DEMONETISATION EFFECT: A  businessman counts of new Rs 500 / 2000 currency at APMC Wholesale Market of Potato, Onion and Garlic in Ahmedabad on November 23, 2016. According to Wholesale traders business almost down by 40% due to Demonetisation. Prime Minister Narendra Modi on 8th November 2016, declared the bulk of Indian currency notes no longer held any value and told anyone holding those bills to take them to banks. Photo : Vijay Soneji.

AHMEDABAD, GUJARAT, 23/11/2016: DEMONETISATION EFFECT: A businessman counts of new Rs 500 / 2000 currency at APMC Wholesale Market of Potato, Onion and Garlic in Ahmedabad on November 23, 2016. According to Wholesale traders business almost down by 40% due to Demonetisation. Prime Minister Narendra Modi on 8th November 2016, declared the bulk of Indian currency notes no longer held any value and told anyone holding those bills to take them to banks. Photo : Vijay Soneji.

Opposition on Tuesday sought to corner the government over demonetisation, saying its claims that the note ban would help eradicate terrorism and fake currency had fallen flat on face.

Initiating a discussion on Supplementary Demands for Grants for 2017-18 in the Lok Sabha, Congress member K. C. Venugopal wanted to know from the government how much demonetised currency had been deposited in the banks, how many new notes had been printed so far and how much black money unearthed.

Likening demonetisation to “shooting on tyre of a fast moving car”, he said it was an “ill-thought out decision” of the NDA government and the entire country was facing “bad” economic situation in its aftermath with growth and job creation declining.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.