Mamata slams demonetization, terms it as big zero after RBI published data.
West Bengal CM and TMC Chief Mamata Banerjee has lashed out at RBI and the central government after the central bank said that nearly 99% of the old notes are back in their Annual Report.
Mamata Banejee, who was one of the most vocal critics of cash ban left no chance to latch onto the RBI data. She claimed that the entire process was a flop show and it has achieved a 'big big zero'.Didi also claimed that hundreds of people have lost their life and crores of commoners affected by government's notebandi exercise.
On November 8 last year, PM Narendra Modi had announced demonetization of Rs 500 and Rs 1000 notes to crack down on black money, terror funding and increasing tax base among other initiatives.
Here is full text of Mamata Banerjee's FB post.
Is not the RBI’s revelation this evening on demonetisation pointing to a big scam? I feel it was totally a flop show. 99% of the demonetized currency has come back to the RBI. Only one per cent has not returned. Hundreds of people lost their lives. Crores of common people - farmers, workers, those engaged in informal sector, small enterprises and other most vulnerable sections of society suffered massive pain. Due to this “Notebandi”, the Nation has lost Rs.3 lakh crore of GDP in the fourth quarter alone.
Demonetisation was supposedly done to uncover several lakhs of crores of black money. And now what we have got is a big big zero! Was the system deliberately set up by Government of India to facilitate dealers of black money to convert black money into white in lakhs of crores? What was the hidden agenda? The people of India demand an answer and a thorough investigation on this.
We have great regard and confidence on the Hon'ble Supreme Court. Since the demonetisation issue has been referred to the Constitution Bench, our humble prayer would be that the Hon'ble Supreme Court provides justice to the people of this country.
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