Jaipal fires note scrap salvo against Modi

Hyderabad: Maintaining that there was no Prime Minister across the globe who has troubled the masses as much as Indian PM Narendra Modi, Congress senior leader S Jaipal Reddy said that the people were facing untold hardships due to demonetisation of high-value notes.

Speaking to the media at Gandhi Bhavan here on Tuesday, Jaipal Reddy pointed out that the national income had fallen to a low level and economists had been cautioning that the people would face the same troubles till March. “Modi has no maturity in ruling the country.

The Centre had changed rules 108 times after the demonetisation. About Rs.14.18 lakh crore worth Rs1,000 and Rs.500 notes were in use and already Rs13 lakh crore had been deposited in banks. Modi would have to tell the people that there was no black money in the country. Modi is telling cock and bull stories every day,” he observed.

Pointing out that no rich person had faced trouble after the demonetisation of high-value notes; the former Union Minister said that common people were experiencing heavy loss. He asked the Centre to specify as to how thousands of crores of rupees was coming out from the rich people. The Centre had to spend Rs 25,000 crore to print new notes, but the Modi government was giving a colour that he was waging an ethical fight.

It was ridiculous that Modi was speaking like a Maoist, Jaipal Reddy commented. He demanded that Modi should tender an apology to the people for troubling them. Modi’s decision on demonetisation of big notes was like that of a tyrant.

Modi must tell the nation whether rules and regulations were not applicable to mining baron Gali Janardhan Reddy and Union Minister Nithin Gadkari. Jaipal Reddy said that Modi had taken a decision on demonetisation of high value notes even though the RBI had refused it.

KCR stance dubious
Recalling the Prime Minister’s 2014 statement that Rs 80 lakh crore black money was deposited in foreign countries, Jaipal Reddy said black money was an illusion and catching it was another illusion.

There were several doubts in regard to Chief Minister K Chandrasekhar Rao’s support to Modi. Noticeably, KCR had maintained silence immediately after demonetisation of high value notes, but the same KCR had extended his support to Modi’s decision. Stating that doubts were different from allegations, Jaipal Reddy said that it was not possible for him to stoop to the level of KCR.

Jaipal Reddy said that black money had changed its form, but the Modi government had failed to deliver results even after the demonetisation of high value notes. Modi was in foolish people’s paradise and hence he had been taking such decisions, he alleged. The population of the country was 125 crore, but there were only 2 lakh ATMs.

Governments had committed several mistakes, but the BJP government’s demonetisation of high value notes was a huge one in the last 60 years. There was no relief to the people even after 40 days have gone after the demonetisation of high value notes. The black money would increase further in the form of new notes, he added. Former MPs Ponnam Prabhakar and Dr Mallu Ravi were also present.