Congress chief Rahul Gandhi linked the 2016 notes ban to the destructive GDP shock.
New Delhi:
Rahul Gandhi, in a brand new video concentrating on Prime Minister Narendra Modi over the 2016 demonetisation, linked the transfer to the destructive GDP shock and mentioned the nation “should unite and combat” what he known as the assault on the poor, farmers and unauthorised sector.
“PM Modi’s cashless India is in actuality a mazdoor-kisan-chhota vyapari mukt Bharat (India freed from farmers, labourers, small merchants),” the Congress chief mentioned.
“The horrifying impression of the cube rolled on November 8, 2016 was revealed on August 31 2020.”
Authorities information for the quarter ended June 30 confirmed a 23.9 per cent GDP drop – the steepest contraction in over 40 years.
— Rahul Gandhi (@RahulGandhi) September 3, 2020
Within the second video of his sequence on “How the Modi authorities has destroyed Indian financial system”, Rahul Gandhi mentioned the hidden motive of the notes ban was to waive loans of corporates after taking out cash from the casual sector.
“On November 8, at Eight PM,” the PM introduced the transfer that left “all the nation queueing up at banks”, Mr Gandhi says within the video.
“What was the advantage of the transfer? Was there black cash? No. What did the poor get from the notes ban? Nothing. So who gained? Solely the industrialists. Your cash was used to waive loans to some industrialists,” he alleges.
The previous Congress president additionally alleged a “hidden function” of demonetisation. “This was a means of taking out all of the money from the unorganized sector, which solely works on money.
The PM mentioned he needs cashless India. Which means the unorganized sector is completed,” he mentioned.
In his first video on August 31, Mr Gandhi had alleged that the federal government had been attacking the casual sector for the previous six years. The goal of demonetisation, Items and Companies Tax (GST) and the virus lockdown was to “destroy this sector”, he mentioned.
