Rahul questions government's demonetization move

Image
IANS New Delhi
Last Updated : Nov 09 2016 | 4:23 PM IST

Congress Vice-President Rahul Gandhi on Wednesday questioned the government's demonetization move to battle black money, asking how replacing 1,000 rupee notes with 2,000 notes was going to help fight black money.

"Once again Mr Modi shows how little he cares about ordinary people of this country - farmers, small shop-keepers, housewives - all thrown into utter chaos," Gandhi tweeted on his official Twitter account.

"While the real culprits sit tight on their black money stashed away abroad or in bullion/real estate. Well done Mr. Modi," he further tweeted.

Gandhi further asked: "One question for the PM: How is replacing 1,000 rupee notes with 2,000 rupee notes going to make black money hoarding a lot harder?"

As part of sweeping steps to battle black money, Prime Minister Narendra Modi announced that Rs 500 and Rs 1,000 currency notes will cease to be legal tender from midnight of Tuesday.

--IANS

sid/rn

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 09 2016 | 4:10 PM IST

Next Story