Opposition slams governments over RBI’s withdrawal of ₹2000 notes
The Hindu
Opposition leaders across the political spectrum argued that the Reserve Bank of India’s (RBI) decision to withdraw ₹2000 notes from circulation proves their point that the November 2016 Demonetisation was a ‘failed exercise’.
Opposition leaders across the political spectrum argued that the Reserve Bank of India’s (RBI) decision to withdraw ₹2000 notes from circulation proves their point that the November 2016 Demonetisation was a ‘failed exercise’.
Former Finance Minister P. Chidambaram took to Twitter to argue that demonetisation has come full circle.
“A few weeks after Demonetisation, the government/RBI were forced to re-introduce the ₹500 note. I shall not be surprised if the government/RBI re-introduced the ₹1000 note as well, Mr. Chidamabaram said on Twitter.
The official handle of the All India Trinamool Congress (AITC) tweeted,”@BJP4India demonetised ₹500 & ₹1000 notes in 2016, disrupting the lives of Indians everywhere! They claimed that the introduction of ₹2000 note would curb the flow of black money”.
“7 years later, they are withdrawing it from circulation. Yet another MODINOMIC masterstroke?” asked the AITC.
Tagging his Rajya Sabha speech of 2016 in which he had strongly opposed the note ban, CPI (M) General Secretary Sitaram Yechury tweeted, “RBI’s reversal of Modi demonetisation is a vindication of what we said in 2016”.
Aam Aadmi Party (AAP) and Delhi government Minister Saurabh Bharadwaj said that he hoped that the latest decision is taken by experts.
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