Left Menu
Development News Edition

DPCC hits out at Centre on third anniversary of demonetisation

PTI | New Delhi | Updated: 08-11-2019 21:17 IST | Created: 08-11-2019 21:17 IST
DPCC hits out at Centre on third anniversary of demonetisation

The Delhi Pradesh Congress Committee on Friday hit out at the government on the third anniversary of demonetisation saying the exercise caused "economic ruin and unemployment" in the country. Attacking the Centre, DPCC president Subhash Chopra said demonetisation was the biggest scam in the world and its benefits were derived only by the rich.

"Modi government's demonetisation scam on this day three years ago had ruined the lives of the poor, farmers, shopkeepers, traders and many other category of people and they would always remember demonetisation for creating economic ruin and unemployment in the country," Chopra said while speaking at a rally at Sadar Bazar. He said unemployment rate stands at 8.19 per cent as on August, according to International Labour Organisation (ILO).

Chopra said that Bank's NPAs are already Rs 8,00,000 crore and nearly 25,000 cases of bank frauds involving Rs 1,74,255 crore are yet to be resolved. He said that businesses of 50 million Indian dairy farmers, mostly women, were severely affected by demonetisation. He said that demonetisation brought the country to economic ruin and terrorist activities, instead of coming down, only increased.

Former Delhi minister Haroon Yusuf and chief spokesperson Mukesh Sharma said that as a consequence of demonetisation, 70 per cent business in the main markets of Delhi have come to a standstill. They said that according to statistics, markets such as Kucha Mahajan, Sadar Bazar, Mayur Vihar, Meena Bazar, Chawdi Bazar, Chandni Chowk, Karol Bagh, South Delhi, Khan Market, Lajpat Nagar etc. were facing large scale unemployment.

Former MLA Alka Lamba said that women too could not escape from the backlash of demonetisation and the small savings of housewives, who used to keep apart some money from their limited household budgets for the marriage of their daughters, were included in the category of black money 'hoarders' by the BJP government.



Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...


Latest News

UNICEF and IATA partner to deliver COVID-19 vaccines to over 92 countries

UNICEF is working with major global airlines and freight providers to step up efforts to deliver COVID-19 vaccines to over 92 countries around the world as soon as vaccines become available.To kickstart preparations, UNICEF together with th...

Premier League welcomes Boris Johnson's announcement on return of fans into stadiums

Premier League on Tuesday welcomed the United Kingdom Prime Minister Boris Johnsons announcement on the return of fans into the stadiums. Fans have been greatly missed at Premier League matches and therefore we welcome the Prime Ministers a...

COVID: Delhi CM Arvind Kejriwal orders immediate procurement of 1,200 BiPAP machines for new ICU beds, says official.

COVID Delhi CM Arvind Kejriwal orders immediate procurement of 1,200 BiPAP machines for new ICU beds, says official....

Study sheds light on danger of Z-drugs for dementia patients

Strong sleeping pills known as Z-drugs are linked with an increased risk of falls, fractures, and stroke among people with dementia - according to research from the University of East Anglia. Sleep disturbance is common among people with de...

Give Feedback