INSUBCONTINENT EXCLUSIVE:
While the ruling party representatives seem to celebrate the anniversary, the Opposition and critics used the opportunity to talk about the
hardships brought about by the move.Four years ago, on November 8, 2016, Prime Minister Narendra Modi had announced the decision to ban all
The NDA government had argued that the reason for the sudden move was to eradicate black money, fake notes, and to encourage a cashless
formalisation, and given a boost to transparency.Along with his tweet, the prime minister also shared a graphic on how demonetisation has
ensured better tax compliance, improved tax and GDP ratio, made India a lesser cash based economy and gave a boost to national
Indian economy.Gandhi and the Congress have been alleging that the 2016 demonetisation was not in the interest of the people and had adverse
effects on the economy, a charge the government has dismissed repeatedly.In a video released as part of the party's online
'#SpeakUpAgainstDeMoDisaster' campaign, Gandhi said the question is how the economy of Bangladesh "surpassed" the Indian economy as there
was a time when India used to be one of the most high performing economies of the world
In the International Monetary Fund's latest World Economic Outlook report, it says India is about to slip below Bangladesh in per capita
banking system, Raut added that whether the government did or did not wipe out black money is the question that has still not been
answered.Congress general secretary Ajay Maken at a media briefing quoted former prime minister Manmohan Singh's remarks on November 24,
2016, to hit out at the government."The way this scheme has been implemented -- is a monumental management failure, and in fact, it is a
campaign, Congress leader P Chidambaram said, "The first lesson every ruler and every government must learn is that - even if you do not do
good to the people, do not do harm
The BJP-led NDA government did great harm to India's economy on November 8th, 2016."
