Heena Sharma Blog

Terming demonetisation as a " terror attack ", Congress leader Rahul Gandhi on Friday said those behind the "vicious" assault have yet to be brought to justice. His attack on the government came on the third anniversary of demonetisation. On November 8, 2016, Prime Minister Narendra Modi announced to the nation that Rs 500 and Rs 1,000 currency notes would cease to be a legal tender. "It's 3 yrs since the Demonetisation terror attack that devastated the Indian economy, taking many lives, wiping out lakhs of small businesses & leaving millions of Indians unemployed," Gandhi said in a tweet. Those behind this "vicious attack" have yet to be brought to justice, the former Congress president said, using the hashtag 'DeMonetisation Disaster'. Congress' chief spokesperson Randeep Surjewala also hit out at Prime Minister Modi for the demonetisation move, describing him as "today's Tughlaq". Read More

On November 8, 2016, Prime Minister Narendra Modi announced to the nation that Rs 500 and Rs 1,000 currency notes — 86 per cent of all currency notes in circulation in value — would cease to be legal tender. The stated objectives were unearthing black money, cracking down on counterfeit currency, and choking terror financing. Unsurprisingly, there were strong reactions both in favour of and against the unprecedented move, which would come to be known as ‘ demonetisation ’ or ‘ note ban ’. While some hailed it as a courageous step against impropriety that was hurting the economy, others saw the move itself as disastrous for the economy. In the months that followed, even as reports suggested that the government had not come any close to achieving its stated objectives, the government was seen patting itself on the back for the country’s move towards becoming a ‘cashless’ economy, or, as the PM said, a ‘less-cash’ economy. Many called this an act of ‘moving goal posts’ and rushe

Congress leader Ajay Upadhayay on Wednesday claimed that around two crore people have lost their jobs in the country due to demonetisation and implementation of GST . Addressing a press conference here, All India Congress Committee Spokesperson Ajay Upadhayay charged the BJP-led government that demonetisation and the GST had hit the unorganised sector most. "Due to these two steps by the (Narendra) Modi government, two crore people have lost jobs. BJP's promise to give two crore jobs every year has become a 'jumla' only," he added. During the 2018 year itself, around 1.1 crore people have lost their employment opportunities, Upadhayay claimed. "According to a recent RTI reply, 24 lakh government posts are lying vacant at present. If the BJP government rally wanted to give jobs to unemployed youths, then they would have recruited people," he said. Read More Business Standard

The government of India has stopped printing Rs 2,000 currency notes in order to gradually stop their circulation, ThePrint reported. According to The Print, the decision has been taken on the back of suspicion in the government that the currency note was being used for hoarding, tax evasion and money laundering. ALSO READ: ATM cash crisis: The silence on Rs 2,000 notes is too loud to miss The Rs 2,000 note was introduced in November 2016 after demonetisation. To counter the massive cash shortage, the government introduced new Rs 2,000 notes. As of March 2018, the total value of the currency in circulation was Rs 18.03 trillion, of which Rs 6.73 trillion, or 37 per cent, was in Rs 2,000 notes, and Rs 7.73 trillion, approximately 43 per cent, in Rs 500 notes. The remaining was in the lower denominations. Read More Business Standard