India’s democratic dilemma
The fake news industry has grown by leaps and bounds under the tutelage of the BJP.
The fake news industry has grown by leaps and bounds under the tutelage of the BJP.
Kharge, who is the Leader of Opposition in Rajya Sabha, also posed a volley of questions to the ruling Bharatiya Janata Party (BJP) and asserted that poor and middle class are “suffering” under the present government.
The Congress has been critical of the government's move of demonetisation, when on November 8 in 2016 the Rs 500 and Rs 1,000 were spiked.
He said PM Modi felt that the effort was to tackle black money and if a bigger denomination note comes then the capacity to hoard will increase.
It further added that demonetisation was also a part of larger strategy for combating the menace of fake money, terror financing, black money and tax evasion.
The Congress leader asked the government to not resort to further unorthodox, short-term economic measures that can cause any more uncertainty in the economy.
Banerjee described it as a dark day and said that the government cheated the nation with Demonetisation which ruined the economy and the lives of millions.
On 8 November 2016, Prime Minister Narendra Modi announced the biggest-ever demonetisation exercise India has ever seen by abruptly withdrawing Rs 500 and Rs 1,000 notes from public use.
The information was provided by the RBI's Department of Currency Management, an official told PTI.
Demonetisation failed to weed out counterfeit currency. Real Estate sector witnessed the worse of the times. GDP saw an unprecedented decline. Several small and medium scale business were closed overnight.
