Governance Now Visionary Talks Series

A war of words over demonetisation

Opposition leaders strongly criticize the note ban, while the government preens over it

GN Bureau | November 8, 2017


#demonetisation anniversary   #Manmohan Singh   #Rahul Gandhi   #Mamata Banerjee   #Narendra Modi   #black money   #note ban   #demonetisation  
Prime minister Narendra Modi
Prime minister Narendra Modi

Prime minister Narendra Modi on Wednesday batted for demonetisation, while Congress leader Rahul Gandhi called it a tragedy as November 8 marked a year since the note ban took place.

“I bow to the people of India for steadfastly supporting the several measures taken by the Government to eradicate corruption and black money,” said Modi.
 
“125 crore Indians fought a decisive battle and WON,” he tweeted.
 
In another tweet, the prime minister asked people to take part in a survey. “What do you feel about the efforts to uproot corruption & black money.” The respondents were asked to share their feedback on demonetisation directly with PM Modi on the NM app.
 
Finance minister Arun Jaitley, in a facebook post said that November 8, 2016 would be remembered as a watershed moment in the history of Indian economy. 
 
“This day signifies the resolve of this government to cure the country from “dreaded disease of black money”.  We, the Indians, were forced to live with this attitude of “chalta hai” with respect to corruption and black money and the brunt of this attitude was faced particularly by the middle class and lower strata of society. It was a hidden urge of the larger section of our society for a long period to root out the curse of corruption and black money.”
 
Jaitley said that when the country is participating in “Anti-Black Money Day”, a debate was started that whether the entire exercise of demonetisation has served any intended purpose.  This narrative attempts to bring out positive outcomes of demonetization in short-term and medium-term with respect to stated objectives.
 
“RBI has reported in their Annual Accounts that Specified Bank Notes (SBNs) of estimated value of Rs.15.28 lakh crore have been deposited back as on 30.6.2017.  The outstanding SBNs as on 8th November, 2016 were of Rs.15.44 lakh crore value.  The total currency in circulation of all denominations as on 8th November, 2016 was 17.77 lakh crore,” wrote the finance minister.
 
The opposition was quick to take on the government on demonetisation.
 
Congress leader Rahul Gandhi tweeted
 
 
“One year since the scam of scams,” he said in a tweet.
 
West Bengal chief minister Mamata Banerjee turned her twitter DP black to protest against demonetisation.
 
 
In a facebook post Mamata Banerjee said that demonetisation is a big scam. “I repeat, demonetisation is a big scam. If thorough investigation is conducted, this will be proved. Demonetisation was not to combat black money. It was only to convert black money into white money for vested interests of political party in power.”
 
She said: “Black money became ‘white fund’ for them and the country was plunged into darkness. No black money could yet be brought out from the foreign accounts. In all practical sense, it yielded big, big zero.”
 
“Neither demonetisation could combat terrorism, nor black money nor aid to development of the country. By the devil act of demonetisation, the country has already lost its GDP worth nearly Rs.3 Lakh Crore. Crores of workers, particularly in the informal sector, lost their jobs. Farmers were left to starve. Over 100 people lost their lives,” she added.
 

Comments

 

Other News

Breaking new ground in Ayodhya: History is created

History was created as prime minister Narendra Modi participated in the foundation-stone-laying ceremony for the new Ram Temple in Ayodhya on Wednesday, ending centuries of controversy. Modi performed Bhoomi Pujan at `Shree Ram Janmabhoomi Mandir`, in the presence of a very limited number o

How to encourage and support breastfeeding amid pandemic

The most joyous moment of a woman’s life is to breastfeed her baby for the first time. Breast milk is the foundation to build a strong bonding between mother and child and must not be missed by any newborn in its nutrition uptake. The World Health Organization (WHO) is encouraging people to “su

Covid testing: India crosses 2 crore milestone

As part of its 3T strategy of focusing on testing, tracing and treating to contain the Covid-19 pandemic, India crossed a landmark, testing 2,02,02,858 COVID-19 samples so far. This is pursuant to the key strategy followed by state/UT governments under the guidance of the centre for managem

Sustaining development in the time of pandemic

The continuing spread of COVID-19 has emerged as the biggest roadblock to development in 2020. Citizens across the globe have been breathing an air of panic, fear, and confusion, not knowing what lies ahead. The pandemic has hit some communities and countries harder than the others, requiring everyone to u

"Mumbai Commissioner shameless in taking credit for Covid numbers"

Senior BJP leader Kirit Somaiya has blasted BrihanMumbai Municipal Corporation (BMC) commissioner IS Chahal for taking credit for reducing the number of coronavirus infections in the in the slum sprawl of  Dharavi, and wondered how could the authorities make boasts when 10,000-plus people have died.&n

Mumbai civic body hiding real Covid-19 toll: Kirit Somaiya

Firebrand BJP leader Kirit Somaiya has blasted BMC Commissioner, IS Chahal, for claiming credit for reducing numbers of coronavirus cases in Mumbai city and said that BMC’s own Sero Survey has revealed that 57% slum dwellers have developed immunity which is why the cases are coming down.  

Governance Now 5th PSU IT Forum

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter