Rahul Gandhi on Demonetization: “Crime against India; guilty will be investigated and punished”

Must Read

Jharkhand polls for 81 constituencies from November 30 to December 20; counting on 23rd December

Addressing a press meeting today, Chief Election Commissioner Sunil Arora has announced the poll dates for Jharkhand Legislative assembly....

Congress forms six-member committee of AICC to review situation of NRC in Assam

In a bid to review the condition of Assam state after the implementation of the NRC exercise, Congress party...

Shiv Sena elects Eknath Shinde as party’s legislative leader; Sunil Prabhu appointed as chief whip of party

In a striking breakthrough, Shiv Sena elected senior minister Eknath Shinde as the party's legislative leader today. It has...

Congress president Rahul Gandhi again threw a barrage of criticism at Modi-led government by tweeting that like Rafale, demonetisation was a “crime against India”.

He also lashed out at the former chief economic advisor, Arvind Subramanian saying that he should have resigned if he disagreed so much with the decision of note ban by Modi.

Rahul Gandhi’s tweet read: “Demo like Rafale was a crime against India & a huge scam. Parrikar distanced himself from Rafale to save his skin. Mr Subramanian is doing the same with Demo. I wonder why he didn’t resign when he disagreed so much? Don’t worry India, the guilty will be investigated and punished.”

After Arvind Subramanian called demonetisation a “draconian, monetary shock”, the Congress party tweeted: “Former Chief Economic Advisor @arvindsubraman finally reveals his true feelings about the #DestructionByDemonetisation Obviously criticising a decision by the Supreme Leader while in govt. would’ve been completely outside the realm of possibility.”

In a chapter of his upcoming book ‘Of Counsel: The Challenges of the Modi-Jaitley Economy’, Subramanian has written, “Demonetisation was a massive, draconian, monetary shock: In one fell swoop, 86 percent of the currency in circulation was withdrawn. The real GDP growth was affected by the demonetisation. Growth had been slowing even before, but after demonetisation, the slide accelerated. RIn the six quarters before demonetisation, growth averaged 8 percent and in the seven quarters after, it averaged about 6.8 percent (with a four quarter window, the relevant numbers are 8.1 percent before and 6.2 percent after).”


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Apple introduces Safari Technology Preview 96

San Francisco, Nov 22 (IANS) Apple has released Safari Technology Preview 96, the latest version of their developer preview...

HC stays Home Ministry order revoking TRS MLA’s citizenship

Hyderabad, Nov 22 (IANS) TRS legislator Chennamaneni Ramesh received some respite as the Telangana High Court on Friday stayed the order of Ministry of...

D/N Test: Liton taken for CT scan after concussion scare

Kolkata, Nov 22 (IANS) Bangladesh wicketkeeper-batsman Liton Das was taken to a city hospital for a scan after he picked up a knock on...

A ride that changed Maharashtra’s political equations

By Saiyed Moziz ImamNew Delhi, Nov 22 (IANS) Maharashtra is set to see a new government with three parties of different ideological leanings deciding...

Govt invites bids for BPCL, Concor strategic sale

New Delhi, Nov 22 (IANS) Pacing up the disinvestment calendar to meet a daunting target by March 31, DIPAM on Friday issued 15 Request...
- Advertisement -

More Articles Like This