Advertisement
Kharge’s remarks, a day before demonetisation’s sixth anniversary, came over a media report which said that the currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21.
”Demonetisation was promised to free the country of black money. But it destroyed businesses and ruined jobs. 6 years after the ‘masterstroke’ the cash available in public is 72% higher than that in 2016,” Kharge said in a tweet.
”PM is yet to acknowledge this epic failure that led to fall of economy,” the Congress president said.
Related Articles
Advertisement
Currency with the public refers to notes and coins used by people to transact, settle trades, and for buying goods and services. The figure is arrived at after deducting cash with banks from the currency in circulation. On November 8, 2016, Prime Minister Modi had announced the decision to withdraw Rs 500 and Rs 1,000 denomination notes with the ultimate aim of reducing corruption and black money in the economy.