Demonetisation Anniversary: Modi Thanks The Citizens for Supporting Note Ban

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The BJP and Congress-led Opposition are likely to lock horns on Wednesday, on the first anniversary of demonetisation. While the ruling party is celebrating November 8 as ‘anti-black money day’, several Opposition parties have decided to observe it as a ‘Black Day.’ Several Union ministers and BJP leaders will be highlighting the “benefits” of demonetisation across the country today.

On November 8, 2016, the Narendra Modi-led government had withdrawn Rs 500 and Rs 1000 currency notes from circulation, in a bid to curb corruption and black money.

On Tuesday, Finance Minister Arun Jaitleydescribed demonetisation a as “watershed moment for the Indian economy.” Reacting to former prime minister Manmohan Singh’s criticism of demonetisation, Jaitley said the move was contradictory to the “loot that happened in the second generation spectrum scam, Commonwealth Games and allocation of coal blocks”.

Demonetisation anniversary LIVE updates:

10.37 am: BJP leader Shahnawaz Hussain wrote on Twitter that white the nation was celebrating anti-black money day, only those “who lost their black money are refusing to acknowledge that #DeMoWins.”

10.35 am: Information and Broadcasting Minister Smriti Irani also took to Twitter to thank people for “their trust and continued support” towards demonetisation. She also posted the video which was earlier shared by PM Narendra Modi on “benefits of demonetisation.”



10.30 am: “Biggest achievement is that terrorism has been badly hit and the stone pelters which were in thousands have reduced because their cash flow has been cut,” Sitharaman was quoted as saying by ANI.

10.25 am: Defence Minister Nirmala Sitharaman participates in a signature campaign organised by Tamil Nadu BJP Youth Wing.

10.20 am: “On 1st anniversary of #BJPMoneyLaunderingDay, a poisonous smog hangs over Delhi & the Indian economy. But, the Winds of Change are coming,” tweets Congress spokesperson Randeep Surjewala. He also said that thought “newer goalposts” were “being mounted to befool people on #BJPMoneyLaunderingDay, Demonetisation” would remain a “monumental disaster!”

10.15 am: Congress leaders label demonetisation anniversary as “BJP money laundering day”. “If Demonetisation and GST are such a smashing success @narendramodi then why is the GDP clocking 3.7% at the 2004-05 base year?The worst in 38 years back to 1979 levels. Why is investment by domestic corporates in economy at 1990 levels?” tweets Congress leader Manish Tewari.


10.05 am: “Black money eliminated says Govt. Let the Gujarat election campaign start and you will find the ‘eliminated’ black money,” tweets P Chidambaram.

9.50 am: Former finance minister P Chidambaram said reiterated his stand against demonetisation. “On demonetisation Black Day read real-life stories, say a prayer for the millions who suffered. Can any one deny lives were lost, small businesses closed and jobs were lost?” he wrote on Twitter.

9.20 am: CPIM General Secretary Sitaram Yechury said the growth figures in India had plummeted due to demonetisation. “Ignore the Spin and PR, this is the harsh reality of #Demonetisation. India’s economic growth has slumped,” he wrote on Twitter with an infographic on GDP growth.

9.05 am: BJP workers in PM Modi’s constituency Varanasi celebrate the first anniversary of demonetisation as anti-black money day.

8.55 am: A day earlier, former prime minister Manmohan Singh said the demonetisation move was “organised loot” and “legalised plunder.” Hitting back at Singh, Union minister Ravi Shankar Prasad said Singh “seemed to be reading scripts written by someone else, just like Congress vice president Rahul Gandhi.” “Manmohan Singhji has said that note ban was a dacoity. This is not Manmohan Singhji’s language,” he added. Read more here.

8.45 am: A day earlier, Home Minister Rajnath Singh had accused the Congress of unleashing malicious propaganda on demonetisation and the Goods and Services Tax (GST) and said these measures would lead to major gains in the long run. “This is short term pain for long term gains and these measures would not only bring reforms but have also squeezed terror funding,” he said on Tuesday.

8.32 am: “Demonetisation was a populist measure, done in the name of the poor. But like many revolutions done in the name of the poor, it hurt them by extracting the highest price from them,” Pratap Bhanu Mehta writes in The Indian Express today. Read the full story here.

8.25 am: Following the footsteps of PM Narendra Modi, several BJP leaders, Union ministers and state BJP units took to Twitter to share their thoughts on ‘anti-black money day’. From Suresh Prabhu to Vijay Goel, leaders are celebrating November 8 as anti-black money day.

8.20 am: Congress vice-president Rahul Gandhi said noteban move was a ‘thoughtless act.’ “Demonetisation was a tragedy. We stand with millions of honest Indians, whose lives & livelihoods were destroyed by PM’s thoughtless act,” he wrote on Twitter.

8.10 am: West Bengal Chief Minister Mamata Banerjee criticises the noteban move. “Demonetisation is a big scam. I repeat, demonetisation is a big scam. If thorough investigation is conducted, this will be proved,” she wrote in a Facebook post on Tuesday. Contrary to government claims, Mamata alleged that demonetisation was not to combat black money. “It was only to convert black money into white money for vested interests of political party in power. Black money became ‘white fund’ for them,” she said.

8.00 am: Congress organises Marathon in Chhattisgarh to observe ‘black day’ on demonetisation anniversary, reports ANI.

7.40 am: Prime Minister Narendra Modi takes to Twitter to share the “success” of demonetisation. “I bow to the people of India for steadfastly supporting the several measures taken by the Government to eradicate corruption and black money,” he tweeted. The Prime Minister also shared a short film on “benefits of demonetisation.”

7.35 am: Union Ministers Nitin Gadkari, Ananth Kumar, Nirmala Sitharaman, Mukhtar Abbas Naqvi, Suresh Prabhu and Smriti Irani will speak to the media in Mumbai, Hyderabad, Chennai, Chandigarh, Jaipur and Lucknow respectively, reported news agency PTI. 

7.30 am: Union Ministers Prakash Javadekar and Piyush Goyal will address press conferences in Bengaluru and Ahmedabad respectively. Union Minister Jayant Sinha has also been drafted for the exercise, according to sources.


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