Sunday, January 16, 2022

Why did Vajpayee not ‘re-implement’ demonetisation if it was a success: Congress leader Ahmed Patel

“I respect Vajpayee ji. He was Cabinet Minister during 1978 demonetisation. Why he did not re-implement it during his govt if it was a success?" said Congress leader Ahmed Patel.

By: ANI | New Delhi |
December 17, 2016 12:50:13 pm
indira gandhi demonetisation, modi indira gandhi, indira demonetisation, demonetisation previous governments, vajpayee demonetisation, modi demonetisation, india news Congress leader Ahmed Patel took to Twitter to hit back at the Centre on the demonetisation issue. (Photo by Praveen Jain)

Coming down heavily on Prime Minister Narendra Modi for saying the late Indira Gandhi lacked courage to demonetise high value currency, the Congress hit back at the Centre saying why was demonetisation not re-implemented by BJP stalwart Atal Behari Vajpayee in 1978, if it was so successful in the first place. Taking to Twitter, Congress leader Ahmed Patel accused the Centre of “promoting black money” and asked the ruling party to read up history properly as the grand old party had always been firmly against demonetisation.

“Frm Rajendra Babu to Indiraji to Dr Singh, we have been consistent in opposing note ban. Those in habit of U turns should read history properly. In 1978,Vajpayee ji was part of decision to demonetise Rs 1000,as PM he re-introduced it. Can anyone say he put party interest before nation?,” he said in a series of tweets. Asserting that he respected Vajpayee, who was a cabinet minister during demonetisation in 1978, Patel questioned why he did not re-implement it during his government if it was a success.

“I respect Vajpayee ji. He was Cabinet Minister during 1978 demonetisation. Why he did not re-implement it during his govt if it was a success? Is it a coincidence that both, Rs 1,000 note & Rs 2,000 note is a legacy of NDA 1 & NDA 2. So who is promoting black money ?” Patel said. Prime Minister Modi on Friday said Indira Gandhi rejected suggestions for demonetisation in 1971, saying she wanted to win elections, but that resulted in poor economic conditions in the country.

Alleging that Indira sold out India by ignoring advice to demonetise, Prime Minister Modi said, “She told her finance minister Y.B. Chavan: ‘Are no more elections to be fought by Congress’?” Stressing that the implementation of demonetisation policy was required in 1971, but it was implemented now, the Prime Minister, hitting out at the opposition at the BJP Parliamentary Party meet, said, “For the Congress, party is bigger than nation; but for us, the nation is above the party.”

Start your day the best way
with the Express Morning Briefing

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest India News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
0 Comment(s) *
* The moderation of comments is automated and not cleared manually by