NEW DELHI: The RBI decision on the removal of Rs. 2,000 notes from circulation prompted the Congress to criticise the prime minister on Friday, claiming that the action was "typical of our self-styled vishwaguru" and his approach of "First Act, Second Think."
In an apparent reference to November 8, 2016, demonetization campaign in which the Narendra Modi government removed the legal tender status of all Rs 500 and Rs 1,000 bank notes, a party MP claimed that it was the start of a second demonetization "disaster".
As expected from our self-proclaimed Vishwaguru. FAST stands for first act, second think. Taking aim at the prime minister, Congress general secretary Jairam Ramesh tweeted, "2000 rupee notes introduced with such pomp following the singularly awful 'Tughlaqi firman' of Nov. 8, 2016, are now being recalled.
Congress president Mallikarjun Kharge on today alleged that whenever Prime Minister Narendra Modi goes to Japan, he imposes a currency ban in India. The Congress president made the remarks while addressing the swearing-in ceremony of the new Congress government of Karnataka at the Kanteerava Stadium in bangalore. "Last time when Prime Minister Modi went to Japan, he banned Rs 1,000 banknotes. This time, he banned Rs 2,000 notes," Mallikarjun Kharge said
The Reserve Bank of India said on Friday that it would stop issuing Rs 2,000 notes, adding that those now in use may either be deposited in bank accounts or exchanged by September 30.
After all of the Rs 500 and Rs 1,000 bank notes that were in use at the time lost their legal tender validity, the Rs 2,000 denomination banknote was issued in November 2016 primarily to quickly address the financial needs of the economy.
