Today on the second anniversary of notes ban, Congress Chief Rahul Gandhi has called demonetization not as an ill-conceived and poorly executed economic policy but “innocent intent, but a carefully planned, criminal financial scam.”
In a statement, Mr. Gandhi said that “Demonetisation is unique in the history of our tragedies because it was a self-inflicted, suicidal attack that destroyed millions of lives and ruined thousands of India’s small businesses. The worst hits by demonetization were the poorest of the poor, forced to queue for days to exchange their meagre savings.”
Mocking both at Prime Minister Narendra Modi and Finance Minister Arun Jaitley, the Congress Chief said that “on the second anniversary of the Prime Minister’s monumental blunder, the Government’s spin-doctors, including our incompetent Finance Minister, have the unenviable task of defending an indefensible, criminal policy.”
With a strong defence posted on Facebook, Mr. Jaitley has acknowledged the notes ban as a “key step in a chain of important decisions taken by the government to formalize the economy.”
He continued that notes ban had made it difficult to evade taxes, help to improve tax collections and pushed digital transactions as well.