Disclose amount of black money recovered: Sabita
Hyderabad, Jan 7 (INN): Former minister and Congress leader Sabita Indira Reddy on Saturday hit out at the Modi Government accusing it of imposing an illogical decision of note ban despite opposition by majority of population.
Speaking at the party's protests programme against demonetization at the Ranga Reddy district Collecctorate at Lakdi-ka-Pul, Sabita Reddy said that Prime Minister Narendra Modi said that he note ban would wipe out black money and corruption from the country. She said that the PM had sought 50 days time to set things in order, but even after nearly two months the situation is still the same, the people are facing severe cash crunch now also.
The Congress leader said that Centre failed to tell the country as to what it has achieved in 50 days of note ban. The government did not disclose as to how much money was deposited in the banks and as to how much black money was unearthed or as to how many black money hoarders were caught due to demonetization, Sabita Reddy remarked.
Sabitha Reddy said that the demonetization has claimed 150 lives and snatched livelihood of lakhs of people across the country. She said that numerous small scale industries were shut due to note ban leaving many jobless. She demanded the Centre to make public as to what it achieved due to note ban and also how note ban left its impact on job loss and rural economy.
Similar protests were also held at Karimnagar where MLA Jeevan Reddy, former MP Ponnam Prabhakar and others took part. Jeevan Reddy said that the note ban pushed 99 per cent of the people in hardships even as government claimed to unearth black money.
News Posted: 7 January, 2017
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