Opposition Parties Term Demonetisation 'Economic Genocide', 'Criminal Act'

New Delhi: Describing demonetisation as an "economic genocide" and a "criminal act", opposition parties slammed the BJP-led Centre for its decision taken on this day in 2016 to scrap high-value currency notes.

Also Read | Demonetisation: Supreme Court Upholds Validity Of 2016 Note Ban

On November 8, 2016, Prime Minister Narendra Modi announced the demonetisation of the old Rs 1,000 and Rs 500 banknotes. The key objectives of the decision were to promote digital payments and curb black money, besides eliminating terror funding.

Also Read | Parliament Winter Session: TMC MP Derek O'Brien suspended from Rajya Sabha after face-off with Chairman

Trinamool Congress (TMC) spokesperson and leader of the party in the Rajya Sabha Derek O'Brien said the move was a "gimmick".(PTI)

• #New Delhi
• #Spokesperson
• #leader
• #Derek O Brien
• #demonetisation
• #Economic Genocide
• #Triminal Act