Kashmir encounter shows demonetisation failed: Amarinder

Chandigarh: A day after four militants were killed in Kashmir, Punjab Congress chief Amarinder Singh on Monday said despite Modi governmant's claims, note ban has "failed" to check inflow of terrorists and fake currency from Pakistan.

The yesterday's encounter and reports of Pakistan pushing fake Rs 2,000 notes in India via Bangladesh were proof enough that the "ill-conceived" demonetisation was not helping curb terror, as claimed by Prime Minister Narendra Modi, he said.

Stronger and sterner measures were needed to ensure fool-proof border security if the country and its people were to be guarded against frequent external assaults, the Congress's chief ministerial candidate said in a statement.

Demonetisation, which continues to create "serious problems" for the common man more than three months of its announcement, was not the solution to a serious problem like terrorism, he said.

The note ban had completely failed in its vowed objectives of cracking down on terrorism and black money, Amarinder claimed.

Apart from continuing incursions from across the border, there was sufficient ground to believe that black money remained a serious concern despite a whopping 86 per cent old currency getting frozen overnight following the demonetisation, he said citing reports of frequent seizures of large sums of unaccounted for new currency.

Amarinder also questioned the continued imposition of cash curbs on the people, demanding to know how depriving the common man of his own hard-earned money was helping the government crack down on terrorism and black money.

He said despite repeated demands from the Congress to come out in the open with facts and figures to substantiate his claims of the success of the scheme, the Prime Minister has failed to disclose the total amount of black money that had come into the government kitty after the note ban.

This shows that the demonetisation had failed to achieve any positive results, Amarinder claimed.

He accused the prime minister of recklessly abusing power to plunge the country into total chaos through his note ban move which allegedly claimed several innocent lives.

Thousands of people had lost their jobs, small businesses had to shut down and investments had come to a freeze in the wake of the demonetisation, Amarinder claimed.

Modi should have spent some time analysing the pros and cons of the move before initiating it, or at least taken the trouble to check out its impact in the days and weeks after the announcement, he said.

Amarinder urged the Prime Minister to "shed his ego" and take immediate steps to ease the "woes of the demonetisation-hit people" of the country.

Instead of spending his time targeting his opponents on alleged frivolous issues, Modi should take stock of the situation arising out of his senseless policy and find ways of addressing it, he added.

Four militants, two army personnel and a civilian were killed in a fierce gunfight in the wee hours yesterday at a hideout shared by the banned LeT and Hizbul Mujahideen in a village in south Kashmir.(PTI)