Too much cash… Small industries destroyed… What did Rahul Gandhi say that it was a curse, he mentioned ‘Jalebi’

Rahul Gandhi again raised questions on demonetization on Friday. He said that demonetization has caused a lot of damage to small businesses and unorganized sector. Big industries have benefited from this. He further said that the use of cash in India has increased even more today as compared to eight years ago. This statement of Rahul Gandhi has come on the eighth anniversary of demonetization.

Compiled by Amit Shukla

• Rahul Gandhi once again raised sharp questions on demonetization on Friday
• Said, demonetization has caused a lot of damage to small businesses and unorganized sector
• Claim – Today there is more use of cash in India as compared to eight years ago

New Delhi: Leader of Opposition in Lok Sabha Rahul Gandhi on Friday alleged that demonetization has destroyed small enterprises (MSMEs) and unorganized sector. By doing so, it has created a path for monopoly. He said that India is using more cash than it did eight years ago. His statement came on the completion of eight years of the announcement of demonetization. People reacted strongly to Rahul Gandhi’s post on the social media platform ‘XB’. Many advised him that it would be better if he did not speak on economic issues. He was advised to focus on ‘samosa’ and ‘jalebi’.

Prime Minister Narendra Modi, while announcing demonetization in an address to the nation on November 8, 2016, had said that Rs 500 and Rs 1,000 notes would no longer be legal tender. The then government had given several reasons behind doing so at that time. They included promoting the digital economy and reducing cash transactions to curb corruption and black money.

What did Rahul Gandhi say?

Rahul said, ‘India is using more cash today than it was eight years ago when demonetisation was implemented.’ In a post on ‘X’, Gandhi said, ‘Demonetisation paved the way for monopolies by destroying MSMEs and the unorganized sector.’ The former Congress chief claimed that incompetent and ill-intentioned policies that create an atmosphere of fear for businesses will destroy India’s economic potential.

Gandhi also shared a chart. It shows how the cash held by the public fell from 11 per cent of GDP in 2013-14 to eight per cent in 2016-17. But, in 2020-21, it increased to 14 per cent of GDP. The chart shows that in 2022-23, the cash held by the public was 12 per cent of GDP.

People gave Rahul a lesson

A large number of reactions came on Rahul’s post. One user wrote, ‘The Supreme Court has given a clean chit to the Modi government’s 2016 demonetisation decision. The majority of four judges of the Constitution Bench ruled that demonetisation was in line with the government’s objectives. It was implemented in a proper manner. Don’t you have faith?’

Another user jokingly wrote, ‘Why don’t you pay more attention to ‘samosa’ and ‘jalebis’? The subject of economy is not your cup of tea.’

However, there were many users who reacted in favour of Rahul. They called him the next Prime Minister of the country.

About the author

Amit Shukla

Has done PhD in Journalism and Mass Communication. While working in Timeso Internet, he worked in Economictimes.com before Navbharattimes.com. More than 15 years of experience in journalism. Currently working as Assistant News Editor in Navbharattimes.com.

Courtesy : Hindi News