Demonetization: RBI Says 99% Of Banned Notes Back, Opposition Demands PM’s Apology! Twitter Reacts

The opposition parties of India are attacking the government after Reserve Bank of India releases a report which states that 99% of the junked currency has returned. The annual report of RBI disclosed that out of Rs. 15.44 lakh crore junked currency notes, Rs. 15.28 lakh crore or 98.6% has came back to them after demonetization. This means that Rs. 16,000 crore of demonetized notes have not returned to the RBI. The report also stated that 89 million units out of 632.6 crore demonetized Rs. 1,000 notes, the value of which is Rs. 8,900 crore, has not returned to RBI.

The opposition leaders are calling “Demonetization” a big failure and asking whether this whole campaign was run in order to convert their own black money into white. Rahul Gandhi, the Vice-President of Congress, has termed demonetization as “colossal disaster” which also resulted in innocent deaths as well as ruined the economy. The Congress spokesperson Randeep Surjewala went to the extent of asking PM Modi to apologise for the damage done to the reputation of RBI.

Former finance minister P. Chidambaram tweeted, “Rs 16000 cr out of demonetised notes of Rs 1544,000 cr did not come back to RBI. That is 1%. Shame on RBI which recommended demonetisation.”

He also tweeted, “RBI gained Rs 16000 crore, but lost Rs 21000 crore in printing new notes! The economists deserve Nobel Prize.”

If you remember, former Prime Minister and eminent economist Manmohan Singh called demonetization as organized loot and alleged that lives lost would be wasted. It is said that almost 100 people lost their lives due to demonetization. Manmohan Singh also quoted a known economist John Maynard Keynes when he said, “In the long run, we are all dead”, to dismiss the Central government’s claim that demonetization would be beneficial in the long run.

Twitter is also talking about how PM Modi asked for 50 days from the public and said that they can burn him alive if he is wrong about demonetization.

Here are some selected tweets on this burning topic:

Move of demonetization was a disaster:

https://twitter.com/ARanganathan72/status/902890433889501184

It had negative results:

Epic failure:

Modi has been proved wrong:

https://twitter.com/alfonslopeztena/status/902900708030242817

Irony:

Agree?

Demonetization scam:

https://twitter.com/autumnrainwish/status/903080143962333184

Why RBI why?

https://twitter.com/ShirishKunder/status/902925453291249665

RIP:

Modi Ji ki maafi:

https://twitter.com/sadhavi/status/903069942387314688

Blue whale game:

The only benefit of demonetization:

https://twitter.com/jissinp/status/903139589140951040

Opposition’s comment:

Sarcastic take:

Makes sense?

What is your take over the matter? Let us know!

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