Wednesday, December 31, 2025 | 08:46 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Demonetisation failed to check black money: Pawar

Image

Press Trust of India Ahmednagar
NCP chief Sharad Pawar today said Centre's demonetisation move has failed to curb black money in country and questioned the "real reason" behind its roll out.

"Rural economy is collapsed. Farmers and cooperative movement are affected due to denomination. The move has failed to curb black money. Rs 14.38 lakh crore out of Rs 15.42 lakh crore are deposited in banks till date. If this is the outcome of this major decision then what was the real reason behind it?" he said.

Pawar appealed to people to come on streets in a peaceful manner to protest against "hypocrisy" of the BJP-led Central government.
 

He was speaking after inaugurating refurbished Y B Chavan auditorium at a cooperative bank here.

"Common people are standing in queues since last 50 days, but no black money-holder is seen standing there. The farmers have lost the hope due to fallen prices of agri products. All the sensible and common citizens are now worried about future," he said.

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 29 2016 | 11:13 PM IST

Explore News