Congress president Mallikarjun Kharge attacked Prime Minister Narendra Modi on Mon𒆙day over his government's 2016 demonetisation move, saying the PM is yet to acknowledge this "epic failure" that led to the "fall of the economy".
Kharge's remarks, a day before demonetisation's sixth anniversary, came over a media report which said that the cur✤rency 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 c🐻ash 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 the fall of the𒉰 economy," the Congress president said.
Later, in a tweet in Hindi, Congress leader Rahul Gan♚dhi said black money did not come, only poverty came and the economy did not become cashless, it was weakened.
In demonetisation🅘, the "king" did "DeMo-lition" of the economy by talking about "50 days", he said.
According to the fortnightly data on money supply released by the RBI on Friday, the currency with the public increased to Rs 30ꦫ.88 lakh crore as on October 21. The central bank data f😼or Reserve Money had put the currency in circulation at Rs 17.7 lakh crore on November 4, 2016.
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 circulatiꦆon.
On November 8, 2016, Prime Minister Modi announced the decision to withdraw Rs 500 and Rs 1,000 denomination notes with the ultimate aim of reduci💙ng corruption and black money in the economy.
