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Nov 8: Narendra Modi-led government's note ban move completes three years

Nov 8: Narendra Modi-led government's note ban move completes three years

India Blooms News Service | @indiablooms | 08 Nov 2019, 04:21 am

New Delhi/IBNS: Nov 8 marked the third anniversary of PM Narendra Modi-led government's major decision taken in 2016 to ban old Rs. 500 and Rs. 1000 currency notes.

Modi, in a televised address, on Nov 8, 2016 had announced the move, standing as one of the major decisions taken during the first tenure of his government.

Meanwhile, West Bengal Cheif Minister Mamata Banerjee targeted the Indian government over the movie and tweeted: " Today is the third anniversary of #DeMonetisationDisaster. Within minutes of announcement, I had said that it will ruin the economy and the lives of millions. Renowned economists, common people & all experts now agree. Figures from RBI have also shown it was a futile exercise."

Banerjee said 'economic disaster' started that day.

She further said: "Economic disaster started on that day and look where it has reached now. Banks stressed, economy in a complete slump. All affected. From farmers to the young generation to workers to traders, housewives... everyone is affected."

The Congress party also targeted the government over the issue.


 

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