Akhilesh Yadav Calls Demonetisation 'World's Biggest Corruption Scandal', Challenges BJP to Debate 1947 vs 2047 Economy
Yadav said cash circulation has risen 70% since the note ban and accused the BJP of hurting MSMEs and small traders.
- On Wednesday, Samajwadi Party chief Akhilesh Yadav criticized the 2016 demonetisation in Lucknow, calling the Bharatiya Janata Party decision the world's biggest corruption scandal.
- Yadav recalled Khajanchi, a child born at a bank during the note-ban, who shares a birthday with the now-withdrawn Rs 2,000 note that the BJP never celebrated.
- Turning to economic data, Yadav claimed cash circulation increased by around 70% since demonetisation, alleging the policy damaged MSMEs and small businesses.
- Demonetisation worked as a "curse for banks," Yadav said, raising concerns over privatisation, mergers, and account penalties that made banking more dangerous than moneylenders.
- Challenging the government to debate economic history, Yadav questioned the BJP's 2047 development goals, asserting the past 10 years are full of failures.
12 Articles
12 Articles
'Let us have a debate': Akhilesh Yadav challenges BJP over demonetisation
Akhilesh Yadav has renewed his criticism of the 2016 demonetisation, describing it as a major corruption scandal. He alleges that the currency ban has adversely affected banks and small traders, particularly MSMEs. Yadav challenges the government's banking reforms and blames demonetisation for increasing cash circulation. Chief Minister Yogi Adityanath responds by accusing opposition parties of past corruption and recruitment irregularities.
Demonetisation Attack: Akhilesh Yadav Targets BJP on the 10th Anniversary of Note Ban
Samajwadi Party chief Akhilesh Yadav has targeted the BJP government over the 2016 demonetisation decision, recalling the story of Khajanchi, a child born at a bank during the note-ban period. Yadav pointed out that Khajanchi and the now-withdrawn ₹2,000 currency note share the same birthday. In a light-hearted reference, he said Khajanchi sometimes asks what happened to his “₹2,000 friend” and why they can no longer celebrate together. Yadav also urged people to adopt Khajanchi, saying that the Samajwadi Party and its leaders continue to support his education and upbringing. Turning to the economic impact of demonetisation, he claimed that cash circulation has increased by around 70% since the decision, questioning whether the policy achieved its intended objectives. He further alleged that demonetisation damaged MSMEs and small businesses and criticised the BJP’s banking policies. Yadav also raised concerns about bank penalties, account charges and locker security, accusing the government of making banking increasingly burdensome for ordinary customers.
"Khajanchi turned 10": Akhilesh Yadav slams BJP on 10 years of demonetisation, challenges for 1947 vs 2047 debate
Samajwadi Party chief Akhilesh Yadav on Wedneday invoked his "Khajanchi" jibe against the 2016 demonetisation, calling it the biggest corruption scandal in the world.
Akhilesh Yadav targeted the BJP on Khazanchi's 10th birthday. He described demonetisation as an ocean of corruption, saying it harmed farmers, businessmen and small traders.
Lucknow: Akhilesh Yadav Holds Press Conference #Gallery
Lucknow: Samajwadi Party National President Akhilesh Yadav celebrates the 10th birthday of Khajanchi, the boy born during the 2016 demonetisation period, during a press meet at the party headquarters in Lucknow, Uttar Pradesh, on Wednesday,... - Social News XYZ
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