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Shivraj terms NDA Govt’s note ban a historic blunder




 Congress today termed the decision of the National Democratic Alliance government at the Centre as a historic blunder and demanded a white paper on the move.

Former Home Minister and senior Congress leader Shivraj Patil told a press conference here that the demonetisation of high value currencies in country has shattered the economy of the country and pushed the people to virtual penury.

Patil, who was here to participate in a demonstration of the party to gherao the Reserve Bank of India office here said the move was also a blow to the independence of the RBI and made it a weak institution.

“The Centre has pushed the country’s economy to the brink of danger in the name of recovering black money. But the Prime Minister must tell the people of the country as to how much black money has been recovered,” Patil asked.

The senior Congress leader said the end result has been that the common man in the country has been hit below the belt with the Centre’s move.

He dubbed the demonetisation move as a "surgical strike" on the poor people, farmers, labourers, small traders and middle class.

Patil said there should be complete restoration of money supply by removing the restriction of withdrawal of Rs 24,000 per week as people must enjoy the right to withdraw their own hard-earned money from banks.

Odisha convenor of the movement against demonetisation Pradeep Bhattacharya addressing the press conference said the step has endangered the life and money of the people of the country.

“When as per government’s admission 97 per cent of the notes circulated has returned to the banks, where are the black money,” Rajya Sabha MP Bhattacharya added.

PCC chief Prasad Harichandan who also addressed the meet termed the RBI as ‘Indian Reserve Bank’ and alleged it has become a puppet in the hands of the Union Government.

He alleged that the NDA government has waived nearly Rs 14,000 crore of industrialists after November 8 last year when Rs 500 and Rs 1000 notes were demonetised in the country.

He demanded RBI governor Urjit Patel, who undermined the authority of the premier bank, should immediately tender his resignation from the post immediately.

“Patel has tarnished the image of the institution,” Harichandan said.

Leader of Opposition Narasingha Mishra and AICC General Secretary Subhankar Sarkar were among the leaders present at the press conference.

Mishra later told newsmen that the note ban move has crippled the country’s economy and the move need to be condemned.

“The poor and middle class in the country has suffered immensely due to the move,” Mishra added.

However, BJP State president Basant Panda criticised the Congress saying that the party was responsible for the pathetic economy of the Country.

“Those who engineered the crippling of country’s economy are today making tall claims,” Panda told reporters when queried by newsmen.






Editorial

Précis 2017
From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

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