The opposition on Sunday attacked Narendra Modi’s government for demonizing, with former Congress chief Rahul Gandhi saying the only “unfortunate success” of the 2016 move was “torpedoing” India’s economy.
On Twitter, Gandhi tagged the screenshot of a media report citing the Reserve Bank of India’s annual report to state that there was a 100 percent increase in counterfeit Rs 500 notes and a 50 percent increase in counterfeit Rs 2,000 notes .
The only unfortunate success of demonetization was TORPEDOING the Indian economy. pic.twitter.com/S9iQVtSYSx
— Rahul Gandhi (@RahulGandhi) May 29, 2022
“The only unfortunate success of demonetization was TORPEDOING the Indian economy,” he said in a tweet.
TMC leader Derek O’brien also criticized the government over the RBI report’s findings.
Namaskar Mr. PM @narendramodi DEMONETIZATION ?
Do you remember ? And how @MamataOfficial took you over quickly?
As you promised the nation that the demo would ERASE ALL COUNTERFEIT CURRENCIES.
Here is the latest RBI report highlighting the huge increase in counterfeit banknotes 👇 pic.twitter.com/ipmQXUF8BY
— Derek O’Brien | ডেরেক ও’ব্রায়েন (@derekobrienmp) May 29, 2022
“Namaskar Mr. PM @narendramodi, DEMONETIZATION? Do you remember? And how @MamataOfficial quickly attacked you? As you promised the nation’s demo would ERASE ALL FAKES. Here is the latest RBI report pointing to the huge increase in counterfeit notes,” he said in a tweet.
Shiv Sena MP Priyanka Chaturvedi also attacked the Modi government over the RBI report, saying “one of the benefits of demonization is being realised”.
On November 8, 2016, Prime Minister Narendra Modi announced the demonetization of old Rs 1,000 and Rs 500 banknotes.
(With PTI inputs)
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