Who benefitted from note ban, questions Gujarat Congress

Ahmedabad | Wednesday | 14th November, 2018

Summary:

The Gujarat Congress on Tuesday staged protests outside the regional office of Reserve Bank of India to mark the second anniversary of demonetisation. Gujarat Congress spokesperson Manish Doshi said the state unit did not organise the protest on November 9 due to bhai dooj. The demonstrations were part of the party's nation-wide protest held on November 9 against the note ban. Earlier this year, the Reserve Bank informed that as much as 99.3 per cent of the scrapped currency notes had been deposited with banks, raising several question marks on the efficacy of the note ban. On November 8, 2016, prime minister Narendra Modi scrapped currency notes of Rs 500 and Rs 1,000, turning 86 per cent of the total currency in circulation to paper overnight..