'Modern day' Tughlak has thrown nuclear trident at poor: Congress

Image
ANI New Delhi[India]
Last Updated : Nov 08 2016 | 11:57 PM IST

Taking a jibe at Prime Minister Narendra Modi post the government's decision that currency notes of Rs. 500 and Rs. 1000 denominations will not be legal tender beginning November 9, Congress leader Manish Tewari on Tuesday said the 'modern day' Muhammad bin Tughluq has thrown a nuclear trident at poor people of India.

"LOL-MOHMAD Bin Tughlak scraps 500/1000 Rupees notesNext capital of India will be shifted from Delhi to Daultabad.Tughlak's spirit resurrects," Tewari said.

"65% of India's population lives of agriculture that is non taxed-cash dependent No universal banking coverage or credit card penetration," he tweeted.

"Modern day Tughlak has thrown a nuclear trident at poor people of India.1000 Rupees of today is what 100 Rupees was 20 yrs back.Insanity!" he said in a series of tweets.

1,000 and 500 rupee notes will cease to be legal tender from midnight tonight and those who are in possession of these notes can deposit the notes in their accounts in banks and post offices from November 10 to December 30 this year.

Prime Minister Modi said those who are unable to deposit the notes within the deadline for some reasons can change them till 31st of March next year by furnishing ID proof.

The Prime Minister in a special nationwide televised address this evening said the new currency notes of Rs. 500 and 2,000 denomination notes will be introduced. He said the Reserve Bank of India (RBI) has decided to limit the notes with higher value.

Prime Minister Modi said the ATMs will not work for next 48 hours and thereafter amounts up to Rs. 2,000 can be withdrawn from ATMs. He said that during this period, old notes of 500 and 1000 denominations will be accepted in Government hospitals for the time being. He added that the banks would be closed tomorrow.

The Prime Minister said that his government has waged a war against corruption. He said corruption, fake currency and terrorism are festering wounds, holding back the economy.

Prime Minister Modi said that his government has unearthed Rs. 1.25 lakh crore black money.

The Prime Minister said his government is dedicated to the poor and will continue to do so.

He further said the country has emerged as a bright spot despite adverse situation.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 08 2016 | 11:49 PM IST

Next Story