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Demonetisation “Destroyed” Economy, Helped Few Crony Capitalists: Rahul Gandhi

On November 8, 2016, Prime Minister Modi announced the decision to ban all currency notes of higher denomination of ₹ 500 and ₹ 1,000 from midnight.

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Rahul Gandhi

New Delhi: Congress leader Rahul Gandhi on Sunday slammed the government over demonetisation, alleging that Prime Minister Narendra Modi’s move four years ago was aimed at helping a few of his “crony capitalist friends” and had “destroyed” the Indian economy.

Mr Gandhi and the Congress have been alleging that the 2016 demonetisation was not in the interest of the people and had adverse effects on the economy, a charge the government has dismissed repeatedly.

In a video released as part of the party’s online “SpeakUpAgainstDeMoDisaster” campaign, Mr Gandhi said the question is how the economy of Bangladesh “surpassed” the Indian economy as there was a time when India used to be one of the most high performing economies of the world.

“The government says that the reason is COVID but if that is the reason, there is COVID in Bangladesh and elsewhere in the world also. The reason is not COVID, the reason is “Notebandi” and GST,” Mr Gandhi said in Hindi.

“Four years ago Prime Minister Narendra Modi began an assault on the Indian economy. He hurt farmers, labourers and small shopkeepers. Manmohan Singh ji said the economy will lose two per cent and that is what we saw,” the former Congress chief said.

The Prime Minister had stated that it is a fight against black money, but it was not so, Mr Gandhi said.

“This was a lie. The attack was on you, PM Modi wanted to take your money and give it to his 2-3 crony capitalist friends. You stood in lines, not his crony capitalist friends. You put your money in banks and PM Modi gave that money to his friends and gave them a loan waiver of ₹ 3,50,000 crore,” Mr Gandhi alleged.

Then PM Modi implemented a “faulty GST” and small, middle-sized businesses were destroyed as “he cleared the way for his 3-4 crony capitalist friends”, the Congress leader claimed.

Mr Gandhi alleged that now farmers were being targeted with the three new agricultural laws which, he said, would “finish off” them.

PM Modi has “destroyed” the pride of India — its economy, Mr Gandhi said, and added, “We have to jointly rebuild india”.

The Congress is observing the fourth anniversary of demonetisation as “Vikshwasghaat Diwas” (Betrayal Day).

On November 8, 2016, Prime Minister Modi announced the decision to ban all currency notes of higher denomination of ₹ 500 and ₹ 1,000 from midnight.

India

CBI arrests labour official in TN in bribery case

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 The Central Bureau of Investigation (CBI) said on Sunday that it had arrested a Regional Labour Commissioner on the charge of demanding and accepting a bribe of Rs 30,000.

P Sivarajan, posted as Regional Labour Commissioner (Central) in Madurai, was held along with a private person N Murali after the CBI laid a trap on Saturday and caught them with the bribe amount.

A case was registered after a complaint that Sivarajan was demanding undue advantage from Murali, representing a private company, for issuing labour licence.

Searches were conducted at five places in Chennai and Madurai (Tamil Nadu), including the residence and offices of the accused, said the CBI.

Both the accused were produced in the court of Principal Special Judge for CBI cases, Chennai, and remanded to judicial custody till February 4.

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Farmers’ stir: Preparations on for Jan 26 tractor rally

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As the farmers’ agitation at the Delhi borders entered the 60th day on Sunday, all eyes are on the farmers’ tractor rally on the Republic Day.

The farmers sitting at the Ghazipur, Singhu and Tikri borders have been making preparations for the tractor rally.

Joginder Singh, the farmer leader of Punjab’s Malwa region and President of the Bharatiya Kisan Union Ekta (Ugrahan), said more farmers were marching towards Delhi along with their tractors from Punjab, Haryana, Uttar Pradesh, Uttarakhand, Rajasthan and other provinces of the country to take part in the tractor rally.

“Volunteers have been assigned specific works for the farmers’ parade”, he said, adding that more than one lakh tractors were ready to take part in the parade, and women too would march to Delhi in open trolleys.

The leaders said they were making preparations to carry out the farmers Republic Parade on the outer ring road within the National Capital Region (NCR).

Punjab farmer leader and General Secretary of the BKU, Parminder Singh Pal Majra, said lakhs of farmers would participate in the rally. He informed that this rally would take place within a radius of 100 km in the NCR.

The farmer unions have clearly said they would carry out the tractor rally in a peaceful manner.

Earlier, the unions held talks with the Delhi Police on Saturday where the former claimed to have taken permission to carry out a tractor rally, while the police said the talks were in final stages.

The farmers have been demanding a repeal of the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act 2020, The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act 2020, and the Essential Commodities (Amendment) Act 2020, implemented by the Central government last year as well as the legal guarantee for the procurement of crops at the Minimum Support Price (MSP).

The farmers have been sitting on protest at the Delhi borders since November 26 last year. The farmers’ unions have held 11-rounds of talks with the Central government so far.

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India records 14,849 new corona cases; active cases 1.84 lakh

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Jahangirpuri Delhi Coronavirus Test
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India recorded 14,849 new coronavirus cases on Sunday, taking the active cases to 1,84,408 and total tally to 1,06,54,533, Health Ministry data said. A total of 155 more fatalities took the country’s COVID death toll to 1,53,339.

In all, 1,03,16,786 patients have recovered so far, pushing the national recovery rate to 96.82 per cent, the Ministry said.

According to the Indian Council of Medical Research (ICMR), 19,17,66,871 samples have been tested so far in the country, including 7,81,752 on Saturday.

India’s corona cases’ tally had crossed the 20-lakh mark on August 7 last year, the 30-lakh mark on August 23 and the 40-lakh mark on September 5. It went past 50 lakh on September 16 last year, 60 lakh on September 28, 70 lakh on October 11, 80 lakh on October 29, 90 lakh on November 20 and one crore on December 19.

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