A man displays Indian one thousand rupee banknotes and a bank slip for a photograph as he stands in line outside a post office in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Demonetisation Anniversary Updates: Don’t Resort To Further Unorthodox Measures, Warns Manmohan Singh

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Parliament Panel Meet On Note Ban Postponed

Parliamentary Standing Committee on Finance has postponed its Nov. 12 meeting to assess the impact of demonetisation, Congress leader Veerappa Moily, who heads the panel, told Bloomberg News.

RBI Governor Urjit Patel was scheduled to appear before the panel on the ramifications of the Modi government’s decision to outlaw Rs 500 and Rs 1,000 notes.

Patel had shared details related to demonetisation with the panel in January and July last year.

The panel could not adopt a draft report on the note-ban in August as Bharatiya Janata Party members in the panel, led by Nishikant Dubey, stalled the process.

(With inputs from PTI)

Demonetisation A 'Shrewd Scheme' To Help PM's 'Suit-Booted Friends': Rahul Gandhi

Congress President Rahul Gandhi on Thursday alleged that demonetisation was a planned "brutal conspiracy" and a "shrewd scheme" to convert the black money of Prime Minister Narendra Modi's "suit-booted friends".

On the second anniversary of demonetisation, he also said that there was nothing innocent about this "scam" and claimed that drawing any other meaning out of it was an insult to the intelligence of the nation.

(Source: PTI)

Nationwide Protests On Friday

Congress spokesperson Anand Sharma alleged that demonetisation was "a big money laundering project", at a press conference in Delhi.

Sharma slammed the government for the Nov. 8, 2016 move, alleging it was an "arbitrary and reckless decision which led to economic disaster, misery, pain, deaths of a large number of our citizens, loss of crores and crores of jobs, hurting the poor, hurting the farmers, hurting the daily wage earners, industrial labourers and housewives."

He said Prime Minister Modi gave four reasons for demonetisation - targeting black money, corruption, terror financing and counterfeit currency. All the four reasons given by the prime minister had proven to be false, he said, adding that 99.3 per cent of the money has been returned to the RBI.

The prime minister remains arrogant, he is in denial, he shall not apologise, the only thing which can happen, which will happen, is that the people will punish him.
Anand Sharma, Spokesperson, Congress

Sharma announced that the Congress will hold a nationwide protest on Friday to mark the second anniversary of demonetisation.

(Source: PTI)

Demonetisation Dream Turned Into A Pipe Dream, Says Chidambaram

Rampant money laundering at bank counters turned Modi government's dream of gaining Rs 3-4 lakh crore from the demonetisation exercise into a pipe dream, tweeted Congress leader P Chidambaram.

Mamata Banerjee Says Demonetisation Was A 'Disaster'

West Bengal Chief Minister Mamata Banerjee said demonetisation was a "disaster" for the country on its second anniversary.

The Trinamool Congress leader said she had been describing it as a "dark day" since demonetisation was announced by the Prime Minister Narendra Modi in 2016.

(Source: PTI)