The Bihar Post

Lalu to hold rally against demonetisation drive of Modi govt on Nov 8

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PATNA: RJD chief Lalu Prasad has announced to hold a state-wide rally against the demonetization drive of the Narendra Government at the centre.

The rally will be held on November 8—the day when the Modi government had banned high-value notes in the denomination of Rs 1000 an Rs 500 last year.

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“The denomination drive will be completing one year on November 8 and through this rally, we will ask the government to explain what benefits it had given to the common men, society and the country. The government will have to reply over this,” Prasad told the media on Monday.

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He said the note ban brought untold miseries to all sections of the society. While small businessmen shut down shops, it left many jobless as the many industries got destroyed due to notes ban, Prasad alleged.

A recent report of the Reserve Bank of India too revealed 99 percent of demonetized notes returned to the banks.

“Subject to future corrections based on verification process when completed, the estimated value of SBNs (specified bank notes) received as on June 30, 2017 is Rs 15.28 trillion,” the RBI said in the report in August this year.

This is the second rally of the RJD in the past three months. Earlier in August, the RJD had held rally against the BJP in Patna’s Gandhi Maidan.

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