Nation Current Affairs 09 Nov 2017 Note ban is decisive ...

Note ban is decisive battle, says Narendra Modi

DECCAN CHRONICLE.
Published Nov 9, 2017, 1:31 am IST
Updated Nov 9, 2017, 2:41 am IST
“Demonetisation was a decisive battle where 125 crore Indians fought against black money and won,” he said.
Prime Minister Narendra Modi addresses a rally. (Photo: PTI/File)
 Prime Minister Narendra Modi addresses a rally. (Photo: PTI/File)

New Delhi: The ruling BJP and the Congress-led Opposition locked horns on Wednesday over the contentious move by the government to demonetise high-value currency notes a year ago. While the Congress observed November 8 as a “black day”, the BJP marked it as “anti-black money day”, with Prime Minister Narendra Modi thanking the people for supporting the note ban.

BJP ministers, chief ministers and members of Parliament took to Twitter to celebrate “anti-black money day”. Mr Modi said he “bows” to the people of India for supporting measures taken by the government against corruption and black money. 

 

“Demonetisation was a decisive battle where 125 crore Indians fought against black money and won,” he said.

In a series of tweets, the PM posted short films on his Twitter handle to showcase demonetisation’s benefits. He said the move formalised the Indian economy and ensured better jobs for the poor, while cleansing the financial system.

The Congress, on the other hand, said demonetisation of Rs 500 and Rs 1,000 notes had led to large-scale job losses, specially in the informal sector. 

In a hard-hitting article in London’s Financial Times, Congress vice-president Rahul Gandhi wrote, “Mr Modi has damaged India by converting anger created by joblessness and lack of economic opportunity into communal hatred. He has chosen to hide behind a shallow, hate-filled political narrative. Anger might have brought Mr Modi to power, but it will never create jobs or fix India’s institutions.”

 

He said, “The Prime Minister claimed his decision was aimed at wiping out corruption. Twelve months on, the only thing he has wiped out is confidence in our once booming economy.”

Mr Gandhi, now camping in Surat, Gujarat, described demonetisation as an “attack on the Indian economy”.

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Location: India, Delhi, New Delhi




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