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Demonetisation aimed at destroying small businesses: Rahul GandhiATN News

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Congress President Rahul Gandhi on Thursday accused Prime Minister Narendra Modi of invalidating the old Rs 1,000 and Rs 500 notes, saying the financial onslaught on traders has affected their cash flow and destroyed their businesses.

He said Prime Minister Narendra Modi is aware of the impact of demonetisation on MSMEs.

The Congress leader was addressing a large gathering at Chalakudy in the district as part of the ‘Bharat Jodo Yatra’, which entered Thrissur district on Thursday. Senior Congress leader and Rajasthan Chief Minister Ashok Khellot participated in today’s rally.

The BJP-led central government on November 8, 2016 announced demonetisation of Rs 500 and Rs 1,000 notes and asked holders of such notes to deposit them in bank accounts by December 30, 2016.

Rahul Gandhi said that many people felt that demonetisation was a mistake by the Prime Minister and that he did not really understand its consequences.

“Brothers and sisters, this is not true. The Prime Minister understood what demonetisation was going to do. Demonetisation is a financial attack on India’s businessmen. It is designed to destroy your cash flow and destroy your business. Narendra Modi understands it well. “If you’re a small business owner, or a restaurant owner, if he cuts off your cash flow for a few days, you’re done,” he said.

He alleged that GST was designed to break the back of small and medium traders.

“You know how demonetisation and GST have destroyed and continue to destroy small and medium traders, gold traders and businesses in the city,” the Congress leader said, adding that these measures have not affected big businesses.

Continuing his attack on the Prime Minister, Gandhi said Modi allows five or six big businesses to do business in the country.

“Modi’s vision of India is that five or six big businesses are running this country and have completely destroyed small and medium businesses. The reason is simple. You don’t give him funds, you don’t control TV channels. You can’t control the stories of this country,” he said.

Rahul Gandhi said that India is facing the highest unemployment in 70 years and the highest inflation in decades.

“We are drowning in debt, inflation, unemployment. India’s debt stood at Rs 50 lakh crore in 2014, when the UPA left power, and in 2022 it will be Rs. 139 lakh crore, and if personal loans are calculated, each person has a debt of Rs.1 lakh. ,” he said.

‘Bharat Jodo Yatra’ covers 3,570 km in 150 days. It will start from Kanyakumari in Tamil Nadu on September 7 and end in Jammu and Kashmir.

The Yatra, which entered Kerala on the evening of September 10, will cover a distance of 450 km across the state touching seven districts in 19 days before entering Karnataka on October 1.

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