You are here: Home » Current Affairs » News » National
Business Standard

Demonetisation is an out and out disaster, GST ruined economy: Rahul Gandhi

Gandhi said note ban and GST are two torpedoes launched on the Indian economy

ANI  |  New Delhi 

Rahul Gandhi
Rahul Gandhi at 112th Annual session and PHD Annual awards for Excellence 2017 in Delhi (Photo: ANI)

vice-president on Monday said that the Central has launched two torpedoes on the economy- one and another is Goods and Service (GST), adding that note ban was an "out and out disaster" by Prime Minister Modi.

"Prime Minister Modi and his have said that they will celebrate November 8, the day was implemented. Prime Minister Modi has not been able to understand the feeling of the nation. The by Prime Minister Modi was an out and out disaster. November 8 is a sad day for India," said, after attending the general secretary meeting here.

Slamming the Central over the implementation of the GST, Rahul said, "The is a good idea, but the Central Government has implemented it in wrong way. Prime Minister Modi's government has launched two torpedoes on the - one is demonetisation but due to this the economy somehow gets stable and another one is the GST, which has ruined the whole completely."

Union Finance Minister Arun Jaitley earlier announced that the Bharatiya Janata Party (BJP) will observe November 8, the day when Rs 500 and Rs 1,000 notes in circulation ceased to be a legal tender, as 'Anti-Day' across the country.

The Opposition has also decided to observe November 8, the first anniversary of demonetisation, as 'Black Day' across the nation.

On November 8, 2016, the Centre declared Rs. 500 and Rs. 1000 notes as non-legal and introduced new Rs. 200, Rs. 500 and Rs. 2000 notes.

First Published: Mon, October 30 2017. 14:55 IST