Arvind Kejriwal, the chief minister of Delhi, poked fun at Prime Minister Narendra Modi on Friday by claiming that “the PM needs to be educated” over the Reserve Bank of India’s (RBI) decision to remove its highest-value currency notes from circulation.
“At first, they claimed that importing 2000 notes would end corruption. They now claim that by outlawing 2000 notes, corruption will come to an end. That is why we argue that PMs ought to be educated. To an uneducated PM, anyone can say anything. He does not comprehend. “The people have to suffer,” tweeted Kejriwal in Hindi.
The RBI announced the removal of the 2,000 currency notes from circulation more than six years after their introduction. It was made clear that the money would still be accepted as legal tender, nonetheless. The public has until September 30 to deposit such notes in accounts or exchange them at banks, according to the central bank.
Notably, the introduction of the 2,000 note in November 2016 was primarily aimed at quickly addressing the economy’s need for money following the removal of the legal tender status of the 500 and 1,000 bank notes that were in use at the time.
The maximum amount that may be exchanged for other currency notes at one time is 20,000 rupees (10 notes of 2,000 rupees), while the RBI did not set a cap on the amount that may be deposited in bank accounts in the 2,000 rupee denomination.
Due of this action, PM Modi and his administration came under attack from numerous opposition parties.
“Traditional for our self-proclaimed Vishwaguru. First Act, Second Thought, or FAST. The uniquely disastrous “Tughlaqi firman” of November 8, 2016, led to the introduction of the 2,000-rupee notes, which are now being withdrawn, according to Congress general secretary Jairam Ramesh.
Sitaram Yechury, general secretary of the CPI(M), stated that the action “virtually reverses the 2016 demonetisation, grandly announced by Modi as the answer to India’s problems of black money, corruption, terrorist funding, and promoting digital economy”. He alleged that “Modi made DeMon disaster criminally crippled crores of livelihoods, claimed hundreds of lives, and destroyed the informal economy and MSMEs that contribute most to job creation and GDP growth.”