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PM should explain, says Cong on alleged discrepancy in notes

Press Trust of India  |  New Delhi 

The today alleged that two different kinds of Rs 500 and Rs 2,000 notes were printed post "which jeopardises the credibility of Indian currency" and demanded that Prime Minister Modi come clear on it.

The opposition party, which disrupted proceedings in the over the issue forcing its adjournment, said the high denomination notes varied in terms of their size, design and other

It demanded that the explain where and how they were printed as the issue "raises questions over financial structure of the country".

Senior leader Kapil Sibal, who raised the issue in the earlier in the day, said the party would keep flagging it in until the comes out with an explanation.

The former Union minister also alleged that the move "failed" to achieve its stated objectives of combating black money, corruption, counterfeit currency and

In this context, he demanded that the explain the motive behind invalidating the old Rs 1,000 and Rs 500 currency notes.

"First they should explain which dye was used (for printing the notes), what types of notes were printed, at which printing press notes of different sizes were printed.

"Having different size of currency notes jeopardises the credibility of the currency. The prime minister, finance minister, RBI governor should come to the fore and explain," Sibal told reporters.

Earlier in the day, the Congress, TMC and JD(U) today forced four adjournments of the proceedings in the upper House over what they termed as "biggest scam of this century" in the printing of two different kinds of Rs 500 and Rs 1000 notes.

Unabated protests by the later led to adjournment of proceedings for the day.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 15:42 IST