Changing clarifications over note ban is dubious: Hooda

Addressing the media at the Congress Bhawan here on Tuesday, Haryana former CM Bhupinder Singh Hooda said that the decision of demonetisation by Modi government was taken in haste with no homework to pre-read its impact on common man and measures to minimise the burden on daily workers who depends on cash for livelihood. 

PM Modi came to power with tall albeit hollow promises and to divert the attention of furious public, he imposed ban on big currency notes. 

He said, “The Congress is in favour of keeping tab on black money, curbing circulation of fake currency notes and counter-terrorism actions. But 98 percent of Indian people who are lining up outside banks and ATMs are non-tax payers. The big question: Is this big chunk of people are black money-hoarders?”

Senior Congress leader Hooda added, “After demonetization, the central government is swiftly changing its statements in clarifying the motive behind this harsh step. The dollar will also rise up by 5 to 7 percent against Indian currency. The idea of cashless transactions in Indian context is not practical as 90 percent of small traders and daily workers solely depend on hard currency for livelihood.” 

Taking a dig on false promises of BJP government during pre-poll campaigning in last general elections, former Haryana CM said, “The current growing rate of unemployment rate is alarming situation for central government. The employment has already become a distant dream for common man.”