Jamshedpur: Congress workers took to the streets here on Sunday to protest against the demonetization of Rs 500 and Rs 1000 currency notes by the Prime Minister Narendra Modi government on this day in 2016. The party observed the day as "Biswasgath Diwas".
Congress's East Singhbhum vice-president Babloo Jha said decision to ban the notes has badly hit the country's economy. "It's effect is still felt now and the future is very bleak," Jha said.
He alleged that crores of poor workers were thrown out of their jobs after the 'notebandhi' and particularly hit a poor state like Jharkhand hard.
Recalling former Prime Minister and economist Manmohan Singh's statement that the Rs 2000 notes introduced by the Modi government is "useless", Jha said it is very difficult for the common man to use to the high denomination note in the market.
He stressed that crores of taxpayers' money were wasted while printing the new currency notes.
Jha also questioned the Centre on whether it has been able to bring back the black money as it had promised during the earlier elections.