Demonetization 'butchered' Indian economy: Shiv Sena
Mumbai, Aug 31 : The Shiv Sena on Friday again attacked the BJP for demonetizing Rs 500 and Rs 1,000 bank notes in 2016, calling it a "butchering of the Indian economy" which it said even the Reserve Bank Of India (RBI) had conceded.
The hasty and ill-advised move was not 'patriotic' but created "economic anarchy" in the country as subsequent developments proved, it said in editorials in the party organs 'Saamana' and 'Dopahar Ka Saamana'.
While announcing demonetization, Prime Minister Narendra Modi had promised that it would spell the end for corruption, black money, fake notes and terrorism, but the effect has been opposite, especially in the past two years.
"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," the 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 demonetization, said the Sena.
Added to this was the 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.
Moreover, the government spent over Rs 15,000 crore in printing the new currency notes and Rs 2,000 crore to distribute them, Rs 700 crore to replace the existing ATM networks.
"However, 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," said the Sena.
Targeting the RBI, the editorial said it 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.
"We were shown the dream that demonetization is a revolutionary step which will eradicate black money forever. However, hundreds of crore of black money of politicians are deposited in banks. A couple of Gujarat (cooperative) banks lead in this and some newspapers there had published the news of impending demonetization months in advance," it pointed out.
The BJP's ally at the centre and in Maharashtra said that those who opposed demonetization were treated as "traitors" but the truth is now revealed in the RBI's (2017-18) annual report.
"For those who labelled (former PM) Manmohan Singh a 'fool', the reality is out and it is clear that demonetization was a fiasco. The RBI is saying so," the editorial said.
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Two injuries, one DNF, a DQ as India end messy World Relays campaign
Gaborone (Botswana) (PTI): Amoj Jacob and Ragul Kumar got injured during the men's 4x400m and 4x100 races respectively as India ended their World Athletics Relays campaign in disappointment on the second day of competitions here on Sunday.
The Indian camp had high hopes of making the 2027 World Championships in the men's 4x400m relay but the team did not finish (DNF) the race as Jacob suffered cramps and pulled out of the race after taking the baton from the first leg runner Dharamveer Choudhary. Rajesh Ramesh and Vishal TK were to run in the third and fourth legs.
Those teams which could not qualify for the 2027 Beijing World Championships by reaching the final round of each of the six relay events on Saturday were given another chance in the second qualification round on Sunday.
The top two teams in each of the two heats (in all six relay events) booked the Beijing ticket on Sunday.
India will now have to try and qualify for the World Championships through the Top Lists of the World Athletics, which is a long and tedious process.
In the men's 4x100m race, third leg runner Ragul Kumar fell down the track after failing to hand over the baton inside the exchange zone to fourth leg runner Gurindervir Singh, which clearly showed the lack of coordination among the runners.
Harsh Santosh Raut and Animesh Kujur ran the first two legs.
The Indian quartet was disqualified and Kumar was seen being taken away from the Field of Play with the help of the volunteers.
It was a comedy of errors in the case of the women's 4x100m race, which saw the baton being dropped during an exchange between first leg runner Tamanna and second runner Nithya Gandhe, though the Indians finished the race in 53.09 seconds.
Gandhe started running quite a distance, but after realising that the baton was not in her hand, she turned and ran back to pick it up.
The only silver-lining for the Indian contingent was the national record time in the mixed 4x100m relay race, though the quartet of Ragul Kumar, Nithya Gandhe, Animesh Kujur and Sneha SS finished sixth in heat number two with a time of 41.35 seconds, bettering the previous national mark of 42.30 seconds set in March in Chandigarh.
The mixed 4x400m relay quartet of Theerthesh P Shetty, Kumari Saloni, Nihal William and Rashdeep Kaur ended at fifth in heat number one with a time of 3 minutes and 19.40 seconds.
On Saturday, all the five Indian relay teams had failed to make it to the respective final rounds and thus missed out on the 2027 World Championships berths.
