Shiv Sena attacks BJP, blames note ban for butchering economy

New Delhi | Shiv Sena on Friday attacked the Narendra Modi led BJP government for its step of demonetising 500 and 1000 rupee notes.

In its editorial mouthpiece ‘Samana’, Shiv Sena blamed demonetisation responsible for ‘butchering of the Indian economy’.”The hasty and ill-advised move was not ‘patriotic’ but created “economic anarchy” in the country as subsequent developments proved, stated Shiv Sena in its editorial.

Attacking the BJP governemnt, Sena said,” The RBI’s latest annual report says Rs. 1.47 lakh crore, or 99.30 percent, of all the spiked notes have returned. Around Rs. 10,000 crore have not come back into circulation. This means, a mountain was dug and not even a mouse came out, but the country’s economy was shattered for catching this elusive rodent.” Speaking of the ill effects of demonestisation Sena said, “The result was that the country was facing an economic mess, the small and medium enterprises have been destroyed, the service sector was in crisis, housing industry was in doldrums, small and medium farmers were suffering, and scores of lives were lost in bank and ATM queues after demonetisation.”

Shiv Sena further alleged that demonetisation resulted in fall of the GDP and the country’s pace of development, with the Indian rupee plummeting to its lowest levels in 70 years and terrorism continuing unabated. Taking a dig at the government Sena said, “Despite the huge economic losses suffered, the government still continues to harp on ‘Vikaas’ and its attitude is akin to Nero fiddling while Rome burnt. Demonetization was a sheer ‘evil’ (aghori) measure.”

Criticising the Reserve Bank Of India for its role Sena said, “The RBI was the custodian of the country’s wealth but the Governor (Urjit Patel) did nothing when it was being looted, for which he should be hauled before the courts.”