75,000 Indian businessmen turned NRIs post demonetisation, says Mamata

mamata banerjee
Mamata Banerjee, File Photo

Kolkata, Nov 8: On the first anniversary of demonetisation, West Bengal Chief Minister Mamata Banerjee claimed that around 75,000 Indian industrialists have left the country and turned NRIs after note ban due to harassment and recession, leading to a Rs 7 lakh crore loss for the exchequer.

“About 75,000 Indian industrialists have left the country and became NRIs, after witnessing harassment and recession. They could not take in the torture and mental agony”, Mamata said.

“Even if I consider they have invested between Rs 50 crore to Rs 500 crore, then that means more than Rs 7 lakh crore has already gone out of the country,” she added.

Taking a potshots at Prime Minister Narendra Modi, who had promised to bring back black money from Indians living in abroad, Banerjee stated : “Instead of bringing black money, it is our money that has gone out of the country.

She also sought probe into why the government favoured the digital payments solutions app Paytm Mall, which is supported by Chinese e-commerce giant Alibaba was under investigation in China for “withholding information”.

“When the Chinese government itself is conducting investigation against Alibaba, because the company does not give full information, then why is it that in India, all business is going to them?”

“There must be some investigation. So long this ruing party (BJP) is in saddle at the centre, truth will not come out. But they are not going to be in power for ever. Then there will be inviesigation and the truth will be out in the public domain,” she said.

Hitting out at Modi’s decision of scrapping Rs 500 and Rs 1000 currency notes from the November 8-9 midnight last year, Mamata asserted “More than 100 people died, 12,500 farmers committed suicide. Over 50 lakh people lost jobs. From textiles to the unorganised sector, all are suffering. No employment will be created for the next two years.

“It has been a bad decision for the country, politically and governance wise,” she further said.

Raising doubts about the BJP government’s intentions behind the note ban decision, Banerjee asked whether it was a planned exercise or “just a conspiracy to make black money white. Was it an innocent decision or a conspiracy?”

The Chief Minister argued that all the three benefits that Prime Minister Narendra Modi spoke of for undertaking the demonetisation move has proved null and void.

“They said demonetisation was a step against corruption. But all economists have said time and again that it is a bad move. He said it would end terrorism. But in Kashmir alone, terrorism has gone up by 38 per cent. There has been an 82 per cent increase in Maoist violence.

“As for the claims that the move will end black money and fake currency, we are all waiting for the Rs 15 lakh that would land in our pocket once the government gets black money hidden abroad back into the country. There has not even been an one per cent effect on circulation of fake currency.”

Not only this, Banerjee also targeted PM Modi for implementation of the Goods and Services Tax (GST) in July, despite repeated pleas from the opposition to delay it.

“We asked them to wait and prepare that in a planned way and not to hurry. But they had to do it July itself. It seems they owe allegiance to some quarter”, she said.

Wefornews Bureau 

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