What penance will Modi undertake for 'failed' note ban, asks Shiv Sena
August 31, 2018 16:25
In the wake of Reserve Bank of India's report that said 99.3 per cent of the junked notes returned to the banking system, the Shiv Sena today sought to know what penance Prime Minister Narendra Modi would undertake for plunging the country into "financial anarchy" through demonetisation.
The Sena said the note ban caused immense losses to the economy, affected the industry, caused the rupee to fall to its lowest level since Independence and made over a hundred people lose their lives, yet the country's rulers were boasting about development.
"Since demonetisation plunged the country into a financial anarchy, what penance will Prime Minister Narendra Modi undertake to keep his promise to the country? The note-ban exercise was carried out to gain popularity," the Sena asked in an editorial in the party mouthpiece Saamana today.
The Uddhav Thackeray-led party was referring to Modi's speech in Goa in November 2016, wherein he appealed to people to cooperate with him for 50 days (till December 30) and punish him if his intentions were wrong.
"I have only asked for 50 days. Give me time till December 30. After that, if any fault is found in my intentions or my actions, I am willing to suffer any punishment given by the country," he had said.
Stating that demonetisation spelt troubles for the country, the Sena said, "Decisions relating to the country's economy should not be taken in a hurry. The note ban butchered the country's economy. The Reserve Bank has also put a stamp of approval on this."
"Modi had said that demonetisation is meant to permanently bring to an end corruption, black money and fake notes. However, all these things increased in the last two years. The claims that the note ban will bring down the terror activities in Kashmir and peace will prevail in the Valley also proved to be hollow," it said.
It added that black money and fake currency could not be retrieved as 99.3 per cent currency returned to the banking system.
The BJP's bickering ally said small-scale industries, housing and service sectors were devastated, farmers had to suffer immensely and people had to stand in queues outside banks for two months following the note ban, it said.
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