5 YEARS OF DEMONETISATION: CONGRESS AND TMC SLAMS GOVT.

2021 marks the fifth year when the NDA government under the leadership of Narendra Modi banned the Rs. 500 and Rs. 1000 notes. On the fifth anniversary of demonetisation, leaders from the two major opposition parties  Congress and Trinamool Congress took to Twitter to express their concerns regarding the currency crisis. 

 

Congress leader Priyanka Gandhi Vadra took to Twitter by writing, “If demonetisation was successful then why hasn’t corruption ended? Why didn’t the black money come back? Why hasn’t the economy gone cashless? Why didn’t terrorism hurt? Why is inflation not controlled?”. After Mrs. Gandhi, TMC leader Derek O’ Brien also spoke on the issue by calling November 8th a ‘black day’, and sharing screenshots of Chief Minister Mamata Banerjee’s tweets from 2016. 

 

The government’s move towards a cashless society seems to have failed with the currency with the people at an all-time high, at Rs. 28.30 Lakh Crores. This is because of the government’s strict lockdown rules that made it impossible for cashless payments for challenged sections of society. The other tissue being highlighted is the shortage of Rs. 2000 notes and the demand for bringing back Rs. 1000 note which was easy for exchange. 

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