Note ban a scam to help crony capitalist friends of Modi: Rahul
New Delhi, Aug 30 : In a double-barrel attack, Congress President Rahul Gandhi on Thursday called demonetization a scam intended to benefit "15-20 crony capitalist friends" of Prime Minister Narendra Modi and accused him of lying in the Rafale deal.
Gandhi, who addressed a hurriedly called press conference at the AICC headquarters, alleged that demonetization was a deliberate attack on the people aimed at helping the richest Indians and the most corrupt people to convert their black money into white.
Latching on to the RBI report of Wednesday that said that 99.3 per cent of demonetized money had come back into the system, he questioned the rationale behind the decision to cancel all Rs 500 and Rs 1,000 notes suddenly in November 2016.
None of the stated objectives like elimination of black money and fake currency, abolition of corruption and curbing terrorism had been achieved, he said.
"Demonetization was not a mistake. It was an attack on you. You were attacked with an axe. Do not be under any illusion. It was not a mistake. This was to destroy you deliberately and open the way for big businesses like Amazon," he said in reference to small and medium businesses that were hurt the most by the note ban.
Accusing Modi and Finance Minister Arun Jaitley of destroying the economy, Gandhi said the NPAs have touched over Rs 12 lakh crore under NDA against Rs 2.5 lakh crore during UPA which was manageable.
"Why did he (Prime Minister Narendra Modi) do it (demonetization)? His 15-20 big industrialist friends had accumulated NPAs to the tune of thousands of crore. So through demonetization your (common man's) money was taken out of your pocket and put directly in the pockets of the country's biggest crony capitalists," Gandhi told the media.
He said Modi's "friends" turned black money into white after the note ban.
"For example, a cooperative bank in Gujarat whose Director is (BJP President) Amit Shah exchanged Rs 700 crore in the wake of demonetization. It cannot even be called a jumla, it can be called a scam. The aim was to destroy small businesses and aid corruption.
"Indeed, Prime Minister Modi did what had not been done in the last 70 years... He did it and devastated the economy (through demonetization)."
He said the Prime Minister owed a reply to the people, specially the youths and small and medium businesses over the unrealized objectives of demonetization and noted that it had adversely impacted on GDP growth rate by 2 per cent.
Gandhi said demonetization was "a huge scam" and slowly evidence was coming out and more will come out.
Replying to a question if he would seek an apology from Modi, he said an apology was sought when someone makes a mistake.
"It was not a mistake but a deliberate attack on the people of the country. He paid back those who market him. Crony capitalists do his marketing and he snatches money of people and pays them (back)," Gandhi said.
Stepping up his attack on the Rafale fighter jet deal, he said Jaitley was writing "lengthy"blogs but why was the government silent on the demand for a joint parliamentary committee (JPC) probe into the issue. "Jaitley is scared to ask the PM about constituting a JPC."
He referred to the joint statement issued after Modi announced the Rafale deal which mentioned that the aircraft would be delivered on the same configuration as had been earlier approved by the Indian Air Force.
"If the configuration is going to be the same, why is the man lying?"
He said the Prime Minister was not taken seriously any more on promises like he made to put Rs 15 lakh of money in every Indian's bank account. "But when he lies, we catch him."
"There is a huge list of unfulfilled promises and lies. His words hold no meaning anymore."
He alleged that the BJP opened offices in several parts of the country during the note ban.
Answering a query, he said the entire party was receiving legal notices from industrialist Anil Ambani over its allegations on the Rafale deal but the party was not worried.
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India, Ethiopia elevate ties to strategic partnership as PM Modi holds talks with his counterpart
Addis Ababa (PTI): India and Ethiopia on Tuesday elevated their historical ties to a strategic partnership, as Prime Minister Narendra Modi held wide-ranging talks with his Ethiopian counterpart Abiy Ahmed Ali during which they discussed issues of bilateral and mutual interest.
Modi, who arrived here from Jordan on his maiden bilateral visit, was accorded a ceremonial welcome at the National Palace ahead of the bilateral talks, reflecting the vibrant India-Ethiopia relations rooted in shared history and a promising future.
"We are elevating India and Ethiopia relations to a strategic partnership. This step will provide new energy, new momentum and new depth to our ties," Prime Minister Modi said during the delegation-level talks.
He thanked PM Ali for his support in India's fight against terrorism. "The support of friendly countries in this struggle against terrorism holds great significance," Modi said.
"Today, we got the opportunity to deliberate on the key aspects of our cooperation, such as economy, innovation, technology, defence, health, capacity-building and multilateral cooperation. I am pleased that today, we have decided to double the student scholarship for Ethiopia in India," Modi said.
Modi said that India and Ethiopia have shared contact, dialogue, and exchange for thousands of years. The two countries, which are rich in languages and traditions, are symbols of unity in diversity, he added.
"Both countries are democratic powers committed to peace and the welfare of humanity. We are co-travellers and partners of the Global South. On international platforms, we have stood shoulder-to-shoulder," he said.
The two sides signed eight MoUs/agreements, including upgrading ties to 'Strategic Partnership', customs cooperation, establishing data center at the Ethiopian Foreign Ministry, UN Peacekeeping training cooperation, debt restructuring under G20, more ICCR scholarships and AI short courses for Ethiopians, and support for maternal and neonatal healthcare.
Modi said the African Union's headquarters in Ethiopia makes the country a meeting point of African diplomacy. "Inspired by the common vision of an inclusive world, in 2023, India ensured that the African Union became a G20 member," he said.
In 2023, during India’s G20 Presidency, the African Union was admitted as a permanent member of the G20.
Modi said that though this is his first visit, he felt a deep sense of belonging and warmth, reflecting the thousands of years of connection between the two countries.
On his part, Prime Minister Ali said the two countries share over thousands of years of connection through trade, diplomacy, education, culture and even in our food and traditions. "These ties continue to shape a deep friendship, collaboration and mutual respect between our people," he said.
"We also appreciate your consistent message that Africa's priorities must lead the partnership. These kinds of dignified, respectful messages for Africa are very important. Mr Prime Minister, keep pushing. That is the type of message we are expecting from all our trusted friends," Ali said.
He said this aligned fully with Ethiopia's development plan - African-owned, African-led, and African-defined.
"Today, we meet with a clear focus to shape a modern partnership, grounded in sovereignty, self-reliance and practical cooperation. Our cooperation is rooted in equality and South-South solidarity," he said.
"Our economy is performing strongly. Last year, we grew 9.2% and this year we are expecting 10.3% GDP growth. Besides GDP growth, our FDI inflow is also rising big time. India is the leading source for our FDI," he said.
"We have more than 615 Indian companies which are investing in Ethiopia. This all gives our cooperation a strong foundation of trust. I think our decision today that we elevate our historic relationship to a strategic relationship is the right decision," he added.
Ethiopia also conferred its highest award - The Great Honour Nishan of Ethiopia - on PM Modi. He is the first global head of state to receive this award.
Prime Minister Modi also went to the Friendship Park and Friendship Square in Addis Ababa with PM Ali.
In a warm and special gesture, PM Modi was earlier received by his Ethiopian counterpart at the airport and accorded a warm and colourful welcome.
"Ethiopia is a nation with great history and vibrant culture," Modi said.
PM Ali informed his Indian counterpart about the varieties of Ethiopian coffee during informal talks.
"At Addis Ababa airport, took part in a traditional Coffee Ceremony with Prime Minister Abiy Ahmed Ali. The ceremony beautifully highlights Ethiopia’s rich heritage," Modi said.
In a unique gesture, the Ethiopian Prime Minister drove Modi to the hotel.
On the way, he took a special initiative of taking PM Modi to the Science Museum and Friendship Park, which was not in the itinerary.
"Gratitude to Prime Minister Abiy Ahmed Ali for showing me glimpses of Ethiopian history and culture at the National Palace Museum in Addis Ababa. It was a powerful reminder of Ethiopia’s rich traditions," Modi said in a post on X.
The Nobel Peace Prize-winning Ethiopian PM’s special gestures show remarkable respect for Modi, sources said.
"Thank you Ethiopia for a welcome that was unforgettable. The Indian community showed remarkable warmth and affection. India-Ethiopia friendship is going to get even more robust in the times to come," Modi said.
When Modi arrived at the hotel, he was warmly welcomed by the members of the Indian community. Local artists performed dances. Some of them danced on the theme of the popular Hindi song 'Aisa Des Hai Mera' to welcome him.
On Wednesday, Modi will address the Joint Session of Parliament and share his thoughts on India's journey as the "Mother of Democracy" and the value that the India-Ethiopia partnership can bring to the Global South.
PM Modi arrived in Ethiopia from Jordan, where he held a one-on-one meeting with King Abdullah II at the Husseiniya Palace on Monday before the delegation-level talks.
India and Jordan also inked MoUs in the fields of culture, renewable energy, water management, digital public infrastructure and twinning arrangement between Petra and Ellora, aimed at giving a major boost to bilateral ties and friendship.
From Ethiopia, Modi will visit Oman on the final leg of this three-nation tour.
