Demonetisation was a thoughtless act: Rahul
New Delhi , Nov.8 : On the first anniversary of demonetisation, Congress party vice president Rahul Gandhi dubbed the note ban as a tragedy.
Gandhi further slammed Centre's decision of swapping currency and said that his party stands with those who were hit by Prime Minister Modi's thoughtless act.
Gandhi took to Twitter and said, "Demonetisation is a tragedy. We stand with millions of honest Indians, whose lives & livelihoods were destroyed by PM's thoughtless act."
The Congress party and others who oppose the policy have decided to observe November 8, the first anniversary of demonetisation, as 'Black Day' across the nation.
On the other hand, Union Finance Minister Arun Jaitley earlier announced that the Bharatiya Janata Party (BJP) will observe November 8, the day when Rs 500 and Rs 1,000 notes in circulation ceased to be a legal tender, as 'Anti-Black Money Day' across the country.
On November 8, 2016, the Centre declared Rs. 500 and Rs. 1000 notes as non-legal and introduced new Rs. 500 and Rs. 2000 notes. (ANI)
Demonetisation, a brave step: PM Modi
New Delhi , Nov.8: On demonetisation anniversary, Prime Minister Narendra Modi highlighting the benefits of the same shared a video from his twitter handle.
The seven minutes long video underlines the need and importance of ban of high value currency.
The video depicts demonetisation as one of the bravest steps taken by Prime Minister Modi after coming to power in 2014.
The video says that the country was suffering from the menace of corruption and black money before 2014 and the decision of demonetisation was a step to 'clean the Indian economy.
The video claims the poor and the commoner was not troubled with the decision as they always had faith that an 'honest government' is fighting for them.
The video further claims, that the decision broke the backbone of terrorism and naxalism in the country and reduced stone pelting activity in the Kashmir Valley.
Prime Minister appreciated the people for supporting the decision to eradicate corruption and black money.
"I bow to the people of India for steadfastly supporting the several measures taken by the Government to eradicate corruption and black money," he Tweeted.
"125 crore Indians fought a decisive battle and WON. #AntiBlackMoneyDay," he added.
On this day last year the old Rs 1,000 and Rs 500 notes - 86 percent of currency in circulation - were scrapped after Prime Minister Modi made an unexpected announcement during a surprise television address.
He also gave the nation's 1.3 billion people a 50-day window to either deposit them into bank accounts or exchange them for minted notes. (ANI)
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