The government’s decision of demonetisation of old Rs 500 and Rs 1000 notes made the opposition to come on a warpath against this decision. The opposition strongly criticising this move and termed as the biggest scam of the year. Earlier, Rahul Gandhi alleged on the Prime Minister that he is personally involved in corruption. After that the Prime Minister Modi came in front and strongly defended demonetisation today.
The Prime Minister Narenda Modi strongly defended demonetisation, a decision he said should have been taken in 1971 when Indira Gandhi was heading the government.
Modi interacted with BJP MPs, lashing out at the Congress for not taking effective measures to curb black money in the country and said, “We needed to do it in 1971. We have caused huge losses by not doing this since 1971.”
The Prime Minister referred to former bureaucrat Madhav Godbole's book in which he has recorded how then Home Minister Y.B. Chavan had recommended demonetisation to curb ill-gotten and hidden wealth.
PM Modi said,. "Godbole says in the book that Gandhi replied saying 'are no more elections to be fought by the Congress'? Chavan got the message and the recommendation was (dropped)."
Modi spoke outside Parliament on the last day of the winter session that was washed away by bedlam over the spiking of the high value currency notes which has caused unprecedented cash shortage in the country. "This was in 1971 when everybody recommended this. Had it (demonetisation) been done in 1971, the nation wouldn't have been in this situation today."
The recording of the Prime Minister's speech was broadcast hours after he addressed the BJP Parliamentary Party. Modi said the Congress had put the party ahead of the nation but the BJP follows "nation first" ideology.
Modi also took a dig at Leftists for opposing the government's November 8 decision to scrap 500 and 1,000 rupee notes.
He further added, "The Communists have compromised their ideology by aligning with the Congress," he said and recalled how the late veteran Marxist Jyoti Basu had famously said that "Indira Gandhi survives on black money".
Modi referred to Basu’s remarks and said, "The government (of the Congress) is of the black money, by the black money and for the black money.”
The Lok Sabha and the Rajya Sabha faced adjournments due to demonetisation and the opposition staged protests against this move but the people of the country is suffering from the shortage of new currency and the government should have to inject new currency as soon as possible in the system to prevent them from cash crunch.
--with agency inputs
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