TPCC wants RBI Governor to quit for De-mon

Demanding resignation of the RBI Governor, the Telangana Pradesh Congress Committee has alleged that the nation experienced huge loss of Rs 1.28 lakh crore due to demonetization of huge notes.


The TPCC staged a gherao of RBI local office hereĀ on Friday. The Congress leaders including CWC invitee Anil Shastri, TPCC Chief N Uttam Kumar Reddy, working president Mallu Bhatti Vikramarka, CLP leader K Jana Reddy, Legislative Council opposition leader Mohammed Ali Shabbir, Implementation Committee chairman Ponnala Laxmaiah, AICC secretaries G Chinna Reddy, Ramachandra Kuntia, V Hanumantha Rao, former union minister Sarve Sathyanarayana, MLCs Ponguleti Sudhakar Reddy, Akula Lalitha, M Ranga Reddy, MLAs T Jeevan Reddy, DK Aruna, Committee in-charge KB Krishna Murthy, Youth Congress State president Anil Kumar Yadav, Mahila Congress state president Nerella Sharadha, TPCC vice-president Mallu Ravi, former MP Anjan Kumar Yadav, former Minister Marri Shashidhar Reddy, leaders D Sravan, Banda Karthika Reddy and others participated in the program. The program was held under former Minister Danam Nagender. The leaders organised a rally from Ravindra Bharathi to RBI office. The Congress leaders submitted a memorandum on the occasion.

The leaders Anil Shashtri and Uttam Kumar Reddy alleged that the Prime Minister Narendra Modi indulged in surgical strike on poor people on November 8 with his maladroit decision of demonetisation of big notes. The poor people, middle class people, farmers, small traders experienced severe loss due to the demonetisation of Thousand and Five Hundred rupees notes. They said that the Prime Minister made the people to loss their belief on RBI with his maladroit decision. The Prime Minister changed rules for 138 times in the last 70 days in regard to demonetisation of big notes. About 120 persons lost their lives due to the lines in front of banks and ATM centers. They demanded the RBI governor to own the responsibility to all these losses and tender resignation to his post.

The decision of demonetisation of big notes has shown severe impact on the GDP, they said and alleged that the farming sector seriously affected and the cultivation area in Rabi fell down heavily. They said that the impact of demonetisation would fell on all sectors in future. The Prime Minister took a decision without thinking aftermath affects of demonetisation of big notes, they alleged. The Union Government and Prime Minister were trying to save their face they were chanting cashless, digital transactions and were hatching conspiracy to loot the public money taking 2 to 5 percent commission for each transaction.

The Congress leaders demanded the Prime Minister to tender apologies to the people for his maladroit decision, they said. They asked the government not to collect any commission for transactions for the release of their own money from the banks. They demanded the government to deposit Rs.25,000 in their accounts and give daily wage to the NREGA labourer by doubling the working days and the government give tax exemption to the small traders. (NSS)