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In Focus

January, 10

Jan Vedna Sammelan




On the 11th of January, the Congress Party is bringing together its leaders, workers and representatives from across the country in a Jan Vedna Sammelan at the Talkatora Stadium. The Congress Party will coordinate with its workers and address the many hardships that the people of the country have been put through due the Modi ji’s Demonetisation decision. Furthermore, the Party will also highlight the anti-poor and anti-public decisions of the BJP government during the past 2.5 years of its rule during this conference. 

What is the best way to evaluate Demonetization? See if it met its objectives and assess its impact on the people. Our Prime Minister, Shri Narendra Modi on the 8th of November, 2016, decided to do away with Rs 500 and Rs 1000 notes. The reasons for doing so were ostensibly to combat Black Money, Terrorism & Counterfeiting. So we should hold Modi ji accountable to those objectives. 

Let us start with Counterfeiting. As per the Government’s own statement only 0.02% of the currency in circulation was counterfeit. That is a miniscule number, which could have been tackled with better policing. 

2017 is not even a fortnight old, and already there have been 3 terror attacks, which have taken the lives of our brave jawans and engineers from GREF. Demonetisation has not affected the terror attacks from across the border. Even terrorists have been found with the new Rs 2000 notes. 

Finally we come to Black Money, the main thrust behind this decision to make large value notes illegal tender. The RBI has been surprisingly silent on this issue, yet according to media reports, 97% of the money has come back into the banking system. If the cash was Black Money, wouldn’t it have stayed out? How much of it was Black Money? How many people are being investigated? Why is Shri Narendra Modi not answering? 

Initial trends are already showing GDP projection falling. Nearly 120 people have died, small traders & businesses brought to ruin & daily wage earners going hungry. Have the rich been affected? Who were standing in the lines? Who were reduced to tears? Who had to bury their loved ones because they couldn’t access their money for medical care? It was the poor and the lower income groups. It is to them that Shri Modi must answer. 

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