Demonetisation biggest scam after Independence: AAP

Last Updated: Thu, Nov 08, 2018 18:44 hrs
Why are some economists sceptical about demonetisation?

New Delhi: As the country completed two years of demonetisation, Delhi's ruling Aam Aadmi Party (AAP) on Thursday called it the "biggest scam" after India's independence which demolished national economy

AAP South Delhi Lok Sabha in-charge Raghav Chadha ridiculed Prime Minister Narendra Modi by saying that all his claims about the effects of demonetisation had fallen flat.

Modi had said that the note ban would check black money, derail terrorists and the business of fake notes would end, Chadha said.

But ceasefire violations by Pakistan had increased and so had terrorist activities in Jammu and Kashmir, he said.

He added that 35 lakh people lost their jobs due to demonetisation, the workforce statistic fell below 1.5 crore and GDP growth rate dipped by over 1.5 per cent. Small businesses were virtually decimated.

The AAP spokesperson said the only purpose of demonetisation was to convert black money "held by the BJP and its leaders" to white.



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