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Tag: MSMEs and informal sector

Politics

‘India continues to use more cash today than 8 years ago’: Rahul Gandhi on demonetisation anniversary | India News – Times of India

The "incompetent and ill-intended" demonetisation policy has paved the way for the monopolies by devastating Micro, Small, and Medium Enterprises (MSMEs) and the informal sector, Rahul Gandhi said on Friday as note-bandi completed eight years. On November 8, 2016, the BJP-led government took the bold step of demonetising Rs 500 and Rs 1,000 currency notes, marking a key move in its fight against black money and corruption.One of the reasons cited by the government at that time was to promote the digital economy and reduce cash transactions to check corruption and black money. Taking to his X account, Rahul Gandhi slammed the BJP government for the demonetisation policy and said, "India continues to use more cash today than 8 years ago when demonetisation was implemented. DeMo paved the way...