The Congress on Friday criticized the Prime Minister for the RBI’s choice to take away Rs 2,000 forex notes from circulation. They alleged that this motion was in keeping with his tendency to behave impulsively with out correct consideration, which is attribute of his self-proclaimed standing as a world chief.
A member of the ruling social gathering commented that the present state of affairs may result in one other catastrophic occasion much like the demonetisation train of November 8, 2016, the place the federal government invalidated all Rs 500 and Rs 1,000 financial institution notes.
Slamming PM Modi, Congress common secretary Jairam Ramesh said: “Typical of our self-styled Vishwaguru. First Act, Second Suppose (FAST). 2000 rupee notes launched with such fanfare after that singularly disastrous ‘Tughlaqi firman’ of Nov 8 2016 are actually being withdrawn.”
Congress MP Manickam Tagore tweeted, “Second Demo catastrophe begins .. M = Insanity.”
Taking to Twitter, Senior Congress chief Pawan Khera said: “The ghost of eighth nov 2016 has come again to hang-out the nation as soon as once more. The enormously propagated transfer of demonetisation continues to be a monumental catastrophe for this nation. The PM sermoned the nation on the advantages of the brand new 2000 notes, immediately when the printing is stopped what occurred to all these guarantees?”
The ghost of eighth nov 2016 has come again to hang-out the nation as soon as once more. The enormously propagated transfer of demonetisation continues to be a monumental catastrophe for this nation. The PM sermoned the nation on the advantages of the brand new 2000 notes, immediately when the printing is stopped what… https://t.co/sfvTyLlDie
— Pawan Khera 🇮🇳 (@Pawankhera) May 19, 2023
Former Union Finance Minister P Chidambaram tweeted: “As anticipated, the federal government/RBI have withdrawn the Rs 2000 observe and given time till September 30 to alternate the notes. The Rs 2000 observe is hardly a well-liked medium of alternate. We mentioned this in November 2016 and we’ve been proved right The Rs 2000 observe was a band-aid to cowl up the silly choice of demonetising Rs 500 and Rs 1000 notes which have been common and extensively exchanged currencies.”
As anticipated, the federal government/RBI have withdrawn the Rs 2000 observe and given time till September 30 to alternate the notes
The Rs 2000 observe is hardly a well-liked medium of alternate. We mentioned this in November 2016 and we’ve been proved right
The Rs 2000 observe was a band-aid to…
— P. Chidambaram (@PChidambaram_IN) May 19, 2023
Delhi Minister Saurabh Bharadwaj said: “This entire idea of beginning the circulation, stopping the circulation of notes, or issuing of latest notes, was began by PM Modi and the economic system suffered attributable to this… I do not know what would be the professionals and cons of this step however I hope the choice was taken by the specialists.”
#WATCH | “This entire idea of beginning the circulation, stopping the circulation of notes, or issuing of latest notes, was began by PM Modi and the economic system suffered attributable to this… I do not know what would be the professionals and cons of this step however I hope the choice was taken by the… pic.twitter.com/lCg4i1PS9j
— ANI (@ANI) May 19, 2023
On Friday, the Reserve Financial institution of India revealed plans to take away Rs 2,000 forex notes from circulation. Those that possess such notes might deposit them in financial institution accounts or alternate them till September 30.
In November 2016, the Rs 2,000 financial institution observe was launched to rapidly handle the forex wants of the economic system following the elimination of authorized tender standing for Rs 500 and Rs 1,000 financial institution notes that have been in circulation on the time.
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