New Delhi: Congress leader Rahul Gandhi on Tuesday attacked Prime Minister Narendra Modi, saying this “autocratic decree of a king” caused grave harm to the people and the country will never forget the “pain”. He criticised Modi’s demonetisation policy that took place in 2016.
In a Facebook post in Hindi, Gandhi said that on November 8, 2016, the people of the country were made to stand in queues in the name of demonetisation.
People’s desire to withdraw their own money; people need money every moment. “Without money, you can’t go ahead. ” “Many people died after waiting in line for hours,” the former Congress chief said.
In 2022, the RBI was quoted as saying that more than 101.9 per cent of Rs 500 currency notes and 54.16 per cent of Rs 2,000 notes that reached the bank were fake, he said.
Gandhi said in 2016, there was Rs 18 lakh crore of ‘cash in circulation‘, and now there is Rs 31 lakh crore of ‘cash in circulation‘.
“The question is, what happened to your ‘Digital India’ and ‘Cashless India’, Mr. Prime Minister?” Gandhi asked.
“At the time of demonetisation, I said it was a ‘national tragedy‘. Don’t be under any misunderstanding—Modi ji did not make a mistake; this was done deliberately so that lakhs of crores of loans of Modi’s capitalist friends could be waived from the money of common people and their black money could be made white,
On November 8, 2016, Modi announced the demonetisation of old Rs 1,000 and Rs 500 bank notes with the aim of wiping out black money from the market and stemming terrorist funding.