On demonetisation anniversary, senior Congress leader P Chidambaram launched a scathing attack on the Modi government and in a string of tweets today morning said that no one can deny that lives were lost, small businesses closed and jobs were lost due to demonetisation.
Former Union finance minister said on this "black day, people should read real-life stories and say a prayer for the "millions who suffered".
Mr Chidambaram claimed that artificial reduction of cash in circulation is one of the reasons for lower demand and lower growth. He also claimed that cash with the public is Rs 15 lakh crore and it is increasing and will soon reach the November 2016 level of Rs 17 lakh crore.
He said how much cash (money supply) there should be, is a decision of the RBI, not the government.
While the Opposition is targeting it as a 'Black Day', the government is celebrating the first anniversary of the notes ban as "anti-black money day". Prime Minister Narendra Modi tweeted a seven-minute film early on Wednesday morning that he said encapsulates "the benefits of demonetisation," also stating that "125 crore Indians fought a decisive battle and WON."
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