On the second anniversary of demonetization, the Opposition critcised BJP government’s move by calling it a“black day”.The Opposition attacked the NDA government and even demanded an apology from Prime Minister. It was on the night of November 8th 2016 Prime Minister Narendra Modi announced that notes of Rs. 500 and Rs. 1000 were withdrawn from midnight as a move to tackle the black money.
On Thursday, Congress party described demonetization as an “epic failure”. In a post on Twitter, Congress wrote that “Demonetisation was a black day for our democracy and our economy.”
Former Prime Minister Manmohan Singh criticised it as an “ill-fated and ill-thought exercise”. “The havoc that it unleashed on the Indian economy and society is now evident to everyone. Notebandi impacted every single person, regardless of age, gender, religion, occupation or creed”. “Today is a day to remember how economic misadventures can roil the nation for a long time and understand that economic policymaking should be handled with thought and care,” Manmohan Singh said in a message posted on the Congress’ Twitter page.
“#DarkDay Today is the second anniversary of #DeMonetisation disaster. From the moment it was announced I said so. Renowned economists, common people and all experts now all agree. The government cheated our nation with this big #DeMonetisation scam. It ruined the economy and the lives of millions. People will punish those who did this,” wrote West Bengal Chief Minister Mamata Banerjee on Twitter.
Delhi Chief Minister also attacked the Modi government in a tweet, stating that,”Though the list of financial scams of Modi govt is endless, demonetisation was a self inflicted deep wound on Indian economy which even two years later remains a mystery why the country was pushed into such a disaster?”
Meanwhile, the government defended the demonetization by saying that as “key step in a chain of important decisions taken by the government to formalise the economy” . Finance Minister Arun Jaitley on his facebook post claimed that demonetization was a bold measure to tackle corruption, and after the note ban it was becoming increasingly difficult to evade tax system.