The leader of the opposition in the House and the Congress, Rahul Gandhi, has once again cornered the central government on the issue of demonetisation after completing eight years. Raising questions on demonetisation, Rahul Gandhi said that even after demonetisation, cash usage in India today is higher than before. demonetization
The goal was to reduce dependence on cash and promote digital transactions, but the expected effect is not visible.
What did Rahul Gandhi say?
He wrote in one of his publications about Due to this, many large companies and monopoly situations emerged in the market, which harmed small industries.
“The country’s economic potential is weakening”
According to economic experts, there is an atmosphere of fear in the business world due to the country’s wrong policies. Due to this the economic capacity of the country is weakening. India’s economic progress requires a new policy that promotes justice and independence and provides growth opportunities to small, honest businesses.
The date of November 8 witnesses a great change in the country.
We tell you that the date of November 8, 2016 is witness to a great decision and change in the country. In fact, Prime Minister Narendra Modi had announced the demonetisation of the country 8 years ago. After this, the 500 and 1,000 rupee notes went out of circulation from midnight on the same day. This government decision caused a lot of turmoil in the country, but then the new banknotes became part of the currency market.
How much has cash burn increased?
According to a report in 2022, after demonetisation, cash circulation in the country increased by 71.84 percent. When demonetisation was announced on November 8, 2016, there was cash worth Rs 17.7 crore in the country on November 4, 2016. While since October 29, 2021, it had increased to Rs 29.17 lakh crore. That is, there was an increase of around 64 per cent in currency note circulation in 2021, which increased to around 72 per cent in the year 2022, i.e. the sixth year of demonetisation.
