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PTI mumbai India
Updated: 08-11-2018 22:50 IST

Demonetisation: People waiting to punish PM Modi, claims Sena

Mumbai, Nov 8 (PTI)The Shiv Sena Thursday said people

were waiting to punish Prime Minister Narendra Modi for

announcing demonetisation two years ago.

On November 8, 2016, PM Modi announced a ban on then

in use Rs 1,000 and Rs 500 denomination bank notes with

immediate effect.

The Sena, a constituent of the BJP-led governments at

the Centre and in Maharashtra, claimed the note ban exercise

was a "complete failure" as none of its objectives were


"While the (Union) Finance Minister says more number

of people have been brought under the tax net, he has failed

to explain the rationale behind it (demonetisation) as several

lakh people lost jobs," Sena spokesperson Manisha Kayande said


She said elimination of terrorism and curb on fake

currency, also touted as reasons for the demonetisation

exercise, could not be achieved either.

"The situation after two years has become so bad that

people are waiting to punish the PM," she said.

Kayande further claimed the "ongoing feud" between the

Union Finance minister and RBI Governor will only deepen the

economic crisis in the country and make foreign investors wary

of investing here.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)