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Demonetization pushed back country’s economy: NSUI

Excelsior Correspondent
JAMMU, Jan 9: Highlighting common man’s sufferings due to demonetization, the National Students’ Union of India (NSUI) today alleged that with a single move, Prime Minister Narendra Modi has pushed back the country’s economy by a decade.
While addressing a press conference, here today, Neeraj Kundan, State president NSUI,   informed that their activists conducted a survey throughout the State highlighting the “sufferings” of the common people due to the demonetization move.  “NSUI team covered hundreds of ATM throughout the State and approached common masses seeking replies related to the impact of demonetization,” he said.
He added that almost 97 percent of demonetized notes were deposited back in banks but none was found black, which speaks of huge political and economic defeat for a Government that pledged not only to reduce corruption, but also bring back the substantial amounts of the black money.
Taking a jibe on BJP for emphasizing cashless transaction and lack of coordination between banks and the Government, Kundan said that the petrol pumps across the country have threatened to stop accepting Debit cards and Credit cards for filling fuel as banks will now debit a Merchant Discount Rate of 1 per cent from petroleum dealers.
In the press conference, Neeraj Kundan was accompanied by Raqeeq Khan and Amjad Bhat and others.


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