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Udupi : Demonetization is a surgical strike on India’s poor, farmers, labour, shopkeepers, small businesses, middle class and the entire unorganized sector. By wiping away 86% of currency in circulation on 8^th November, Narendra Mod has hit at 99% of honest hard working Indians, while presumably targeting 1% black money horderers. India’s wheel of development has come to a standstill plunging the entire country in a state of economic anarchy, said Pramod Madhwaraj Minister of Fisheries, Sports and Youth Empowerment, Government of Karnataka.

He was speaking during the a protest held against demonetization organized by District Congress in front of the Deputy Commissioner’s Office, Rajathadri, Manipal on 7^th January, 2017.

He said Demonetization has turned out to be the biggest scam of independent India that Kolkatta Unit of BJP was caught depositing Rs. 500/Rs1000 notes running into Rs. 3 crore on the day of demonetization in A/c. no 554510034. Despite repeated demands BJP/RSS have not made public details of money deposited between 1^st March, 2016 and 8^th November 2016 in its bank accounts across the country.

In the run up to decision of demonetization, BJP/RSS purchased properties running into hundreds of crores across the country. Congress has released details of 8 properties valuing Rs. 3.41 crore in Bihar and 18 properties in Odisha. Actual market valaue of these properties is much higher. Despite this, Narendra Modi and Amith Shah have refused to make public details of properties purchased by BJP/RSS in last year. Does it not prima facie indicate that BJP had advance knowledge of the decision of demonetization and was converting its money into assets immediately before demonetization.

In September, 2016 bank deposits in scheduled banks saw an additional increase of Rs. 5,88,600 crore. Out of this, fixed depostsis made between 1^st September to 15^th September alone were over Rs Rs. 3 lakh crores. Does it not prove advance knowledge of the decision of demonetization and conversion of money. Modi government has been unable to explain it nor has made public names of everyone, who had deposited Rs. 25 lakh or more.

Shockingly and just before demonetization, cash of Rs. 3 crore was seized from a Maruti Swift car bearing Regm No. FR-26AR-9662 at Indira Puram, Ghaziabad, Uttar Pradesh. The two occupants of the car claimed that the money belonged to them and they were taking it to Lacknow, Ghaziabad City BJP President Ashok Monga reached the Police Station and certified on a letter pad that the money was being sent by BJP Central Office to BJP state Office in Lucknow. Will Modiji and Amith Shah answer the source as also the reason for transferring the money in stashes of cash just before demonetization instead of a digital transfer, which they are promoting.

As ordinary people languish in bank lines for days together to withdraw their own money, a paralled black market flourishes in converting black money into white by charging a commission upto 30% as also sale and trading of new currency notes with the tacit approval of Modi government. Important issue is that role of none of the BJP leaders involved has been investigated.

Shockingly and just before demonetization, cash of Rs. 3 crore was seized from a Maruti Swift car bearing Regm No. FR-26AR-9662 at Indira Puram, Ghaziabad, Uttar Pradesh. The two occupants of the car claimed that the money belonged to them and they were taking it to Lacknow, Ghaziabad City BJP President Ashok Monga reached the Police Station and certified on a letter pad that the money was being sent by BJP Central Office to BJP state Office in Lucknow. Will Modiji and Amith Shah answer the source as also the reason for transferring the money in stashes of cash just before demonetization instead of a digital transfer, which they are promoting.

As ordinary people languish in bank lines for days together to withdraw their own money, a paralled black market flourishes in converting black money into white by charging a commission upto 30% as also sale and trading of new currency notes with the tacit approval of Modi government. Important issue is that role of none of the BJP leaders involved has been investigated.

Economic Anarchy and Humungous problems that 50 days of demonetization have seen tragic deaths of over 115 innocent individuals. Modi Government and RBI now termed as Reverse Bank of India have changed the rules 126 times in 50 days. Confusion confounds them completely. Demonetization decision has led to withdrawal of 86% currency in circulation.

Modiji paralyzed the entire agricultural economy. Rabi crops have taken a severe hit. Cash crops like tomato and onions have been selling at Rs. 1 kg. and 50 paisa/lg respectively. To top it, Modi government put a unilateral embargo on 370 district central cooperative banks and over 93,000 Agricultural Credit Societies, thereby denying agriculture credit to the farmers.

Small and medium industries are shutting down with massive job losses. Truth is that the honest cash economy of India which is the biggest job generator has to been attacked by this unilateral decision of Modi government.

Demonetization had deeply hurt the National Income and will lead to a deeline in GDP of 2% or more as per Ddr. Mohan Singh. As per centre for monitoring of Indian economy loss in first 50 days would be Rs. 1,28,000 crore.

The congress party demands that conduct of an independent enquiry and compensation for losses suffered by Demonetization. Congress Party Vice Presdent Shri Rahul Gandhi and Congress Pparty have demanded conduct of an independent enquiry into allegations of corruption against PM. Congress Party have also demanded that immense loss caused by demonetization must be recouped forthwith by the government.

We, therefore, reiterate five demands that all restrictions on withdrawal of money be lifted with immediate effect till the time these restrictions are in place, a special interest at the rate of 18% per annum should be given to all bank account holders. We demand that all charges on digital transactions should be abolished forthwith.

That the rate of rations distributed under PDS system should be halved for a period of one year under the provisions of the Food Security Act. In addition a special one time bonus of 20% should be provided over and above the MSP of all Rabi crops.

That Rs 25,000 should be deposited in the account of at least one woman belonging to each BPL family as compensation for the immense suffering caused to women due to demonetization.

That the number of guaranteed work days and the wage rate  under MGNREGA should be doubled for a period of one year. The government should organize in a special drive to identify and register all those who have lost their jobs since November, 8^th 2016 and provide them compensation at the applicable minimum wage rate for a time period extending upto 31^st March 2017.

An Income Tax and Sales Tax rebate of 50% should be given to small shopkeepers and businesses for one year. The Central government should compensate the State governments for the loss of revenue incurred on account of this exemption.

The District Congress leaders like Gopal Poojary President of Udupi District Congress Party, Gopal Bhandary former MLA, M.A. Gaffoor of Minority commission, Veronica Cornelio President of District Women Congress, Negesh Udyavara, Narsimhamurthy and other among were spoke during the occasion.

A memorandum to the Prime Minister against the Demonetization given to Additional Deputy Commissioner by Pramod Madhwaraj, M. A. Gaffoor, Dr. Vishu Prasad AICC observer. Large number of Congress elected representatives, leaders and workers were participated during the protest against the Demonetization issue.