One year of Demonetisation: Industrialists, opposition parties recall it ‘Black-day’.
Ludhiana – On November, 8 2016 when Prime Minister Narendra Modi gave a shock to entire nation by announcing demonetisation of currency notes of 500 and 1,000 thousand has been recalled as “Black day” by Industrialists, businessmen, traders and opposition political parties. One year has been passed but the industrialists and traders claimed that they were still facing the negative impact of demonetisation. After the demonetisation, the Goods and Service tax (GST) has added in their woes, said Jaswinder Singh, president of Small Scale manufacturer Association. It was the black day when not only Industrialists, businessmen, traders but a common and poor man has to face tough time, added Singh. While protesting against the decision of demonetisation, the Congress party has decided to observe it as Black day. The Congress party has announced to protest against the Prime Minister Narendra Modi and union government for the decision of demonetisation outside Congress office, Clock Tower on Wednesday. Youth Congress president Rajiv Raja said that after the demonetisation more than 100 people have lost their lives, several businessmen, traders have suffered setback in business and thousands become jobless. To remind Prime Minister that the decision was worst, the Congress party will burn the effigy of Modi to observe November 8 as Black day. Rija said that not even a single person was benefitted from the decision and all the money was deposited in bank which proved that the Modi was failed in his plans.Leading property dealer Vajinder Singh Chawla said that the real estate sector was the most effect due to demonetization. The sector was already facing recession but after the demonetisation the investors have maintained distance from the sector. Moreover the sale and purchase of property was decreased by seventy percent in one year.
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