Demonetisation Anniversary: Scars of 'Ill-Fated' & 'Ill-Thought-Out' Notebandi Are Getting More Visible With Time, Says Manmohan Singh
Manmohan Singh (Photo Credits: PTI)

New Delhi, November 8: Two years back on this day, PM Narendra Modi had announced demonetisation, where Rs 500 and Rs 1,000 notes were banned overnight. The intention behind this was to remove black money from the market. The common man faced a huge problem because of the cash crunch situation, and the Opposition has always blamed that the plan was not executed properly. On the second anniversary, Manmohan Singh said, "Today marks the second anniversary of the ill-fated and ill-thought-out demonetisation exercise that Narendra Modi government undertook in 2016. The havoc that it unleashed on Indian economy & society is now evident to everyone." Demonetisation Anniversary: Congress Calls for Nationwide Protest, Blames Modi Government of Wrecking Indian Economy.

He said, "Notebandi impacted every single person, regardless of age, gender, religion, occupation or creed. It's often said that time is a great healer. But unfortunately, in the case of demonetisation, the scars, and wounds of demonetisation are only getting more visible with time."

Asking Prime Minister Narendra Modi to apologise to the nation for demonetisation that "wrecked" the economy, the Congress on Tuesday said it will observe a nationwide protest on Friday to mark the second anniversary of the note ban.