The Reserve Monetary institution of India’s most modern annual picture has given Opposition events fresh ammunition of their assault on the BJP-led central authorities’s demonetisation cross reduction in 2016.
As per the RBI picture, unsuitable notes of all denominations increased in the financial year 2021-22. The RBI detected 101.9 per cent extra faux notes of Rs 500 denomination and 54.16 per cent extra faux notes of Rs 2,000 denomination as when compared to the earlier year.
Except for flushing out sunless money, the elimination of faux forex notes had been cited as one motive of the demonetisation exercise performed by the central authorities in 2016.
Now, reacting to the fresh data, Congress chief Rahul Gandhi tweeted, “The handiest wretched success of demonetisation was the TORPEDOING of India’s economic system.”
The handiest wretched success of Demonetisation was the TORPEDOING of India’s economic system. pic.twitter.com/S9iQVtSYSx
— Rahul Gandhi (@RahulGandhi) Would possibly perhaps presumably presumably also 29, 2022
Equally, TMC chief Derek O’Brien tweeted, “Namaskar Mr PM Modi. DEMONETIZATION ? Establish in thoughts ? And the intention Mamata Banerjee rapid took you on ? The formula you promised the nation Demo would WIPE OUT ALL COUNTERFEIT CURRENCY. That is the most fresh RBI picture declaring the sizable lengthen in unsuitable notes.”
Namaskar Mr PM @narendramodi DEMONETIZATION ?
Establish in thoughts ? And the intention @MamataOfficial rapid took you on ?
The formula you promised the nation Demo would WIPE OUT ALL COUNTERFEIT CURRENCY.
That is the most fresh RBI picture declaring the sizable lengthen in unsuitable notes pic.twitter.com/ipmQXUF8BY
— Derek O’Brien | ‘ (@derekobrienmp) Would possibly perhaps presumably presumably also 29, 2022
Shiv Sena’s Rajya Sabha MP Priyanka Chaturvedi additionally attacked the Centre over the RBI picture. “One in all the advantages of demonetisation being realised. Also, so delighted to demonstrate that even the embedded chips in 2000 rupee notes possess reach unbiased. No longer (sic),” she tweeted.
One in all the advantages of demonetisation being realised. Also, so delighted to demonstrate that even the embedded chips in 2000 rupee notes possess reach unbiased. No longer. pic.twitter.com/kULQTM9ElJ
— Priyanka Chaturvedi (@priyankac19) Would possibly perhaps presumably presumably also 29, 2022
DEMONETISATION
In November 2016, the authorities introduced the demonetisation of all Rs 500 and Rs 1,000 banknotes. It additionally introduced the issuance of most modern Rs 500 and Rs 2,000 banknotes.
The Centre said the cross would curtail corruption, lend a hand digital transactions and minimize the exercise of unsuitable forex.
The unexpected demonetisation announcement resulted in money shortages and inconveniences as of us stood in long queues to change their notes. The worry has been debated heavily ever since.