On Notes Ban Day, PM Tweets ‘Battle Won’, Opposition Protests: 10 Points

NEW DELHI:  As Prime Minister Narendra Modi's government today celebrates one year of demonetisation, the move that yanked 86 per cent of the currency in circulation at the time as "Anti-black money day", the opposition plans united protest against the notes ban, which according to them was a "reckless" and "thoughtless" act by the central government. PM Modi, however, called the demonetisation a "decisive battle" that "Indians fought and "WON".

 

                        Here is your 10-point cheatsheet to this story:

 

 

  1. "I bow to the people of India for steadfastly supporting the several measures taken by the Government to eradicate corruption and black money," PM Modi said in a tweet this morning.

 

 

  1. The government has also released a short-film to highlight the benefits of , the unprecedented move taken purportedly to wipe out black money, curb terrorism and do away with fake currency notes.
  2. Congress vice president Rahul Gandhi, whose party has been leading protest against the notes ban move calling it "anti-poor", tweeted today, "Demonetisation is a tragedy. We stand with millions of honest Indians, whose lives & livelihoods were destroyed by PM's thoughtless act. "

 

 

 

  1. Rahul Gandhi will today participate in a candle-light vigil in Surat as part of the opposition parties' "Black Day" protest.

 

 

  1. Calling the measure "anti-people", the Congress and several opposition parties will hold protests against the notes ban in several parts of the country.

 

 

 

  1. However, the BJP leaders, including many union ministers, will fan out across the country to highlight the "benefits" of demonetisation.

 

 

 

  1. Former PM Manmohan Singh also attacked PM Modi over GST and demonetisation on Tuesday calling it a "twin blow" to the economy. Dr Singh said that demonetisation was an "organised loot and legalised plunder."

 

 

 

 

  1. Finance Minister Arun Jaitley delivered a stinging rebuttal to Manmohan Singh. He said an exercise backed by "an ethical and moral rationale" was being described as loot, before going on to refer to the 2G and commonwealth games scam that took place during the UPA regime. That, he said, "is loot".

 

 

 

  1. Describing the November 2016 demonetisation of Rs. 500 and 1,000 currency notes as "a watershed moment for the Indian economy", Finance Minister Arun Jaitley it not only changed the agenda and made corruption difficult but because it was a "morally and ethically correct" step, it was also "politically correct".

 

 

 

 

  1. Turning up the heat on the Congress, Prime Minister Narendra Modi said his government hit corruption and black money hard, making the opposition party angry.

 

 

 

 

 

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