Saturday 17th, November 2018
canara news

Reason behind demonetisation still a mystery:Kejriwal

Published On : 08 Nov 2018


New Delhi, (PTI) On the second anniversary of demonetisation, Aam Aadmi Party (AAP) convener and Delhi Chief Minister Arvind Kejriwal Thursday questioned the rationale behind the Modi government's note ban move and termed it as "a self inflicted deep wound" on the Indian economy.

Prime Minister Narendra Modi on November 8, 2016, announced a ban on then in use Rs 1000 and Rs 500 denomination bank notes with immediate effect.

"Though the list of financial scams of Modi govt is endless, demonetisation was a self inflicted deep wound on Indian economy which even two years later remains a mystery why the country was pushed into such a disaster ?"

The sudden withdrawal of notes led to a liquidity crunch with serpentine queues seen outside banks and ATMs to exchange old notes.

The effects of demonetisation including its role in culling black money and stemming terrorism and Naxalism as well as its impact on the economy are still being discussed with the opposition slamming the Modi government, terming its decision as "ill-advised" and "disastrous" for the country.

The BJP-led government had defended the move, saying it was necessary to wipe out illegal money stashes.







More News

Vested interests trying to fail India's first engine-less train: Official
Vested interests trying to fail India's first engine-less train: Official
CBI Director Verma asked to respond to CVC report on him
CBI Director Verma asked to respond to CVC report on him
Modi dares Congress to make
Modi dares Congress to make "outsider" party president

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.