Congress questions sudden move to ban Rs 500/Rs 1,000 notes

New Delhi, Nov 8 (IANS) The Congress on Tuesday said the Narendra Modi government has a lot to answer for on its move to abolish Rs 500 and Rs 1,000 currency notes, saying it will cause problems to farmers.

Congress spokesperson Randeep Surjewala told reporters here that the government’s move to introduce Rs 2,000 note defeats its own argument on black money.

“Congress has always supported any step against black money. But paddy has already been cut and wheat and rabi crops being sown,” Surjewala said.

“What happens to those who are going to buy necessary articles for marriages, including jewellery, clothes etc? Are you not putting a huge burden on them by putting a limit on how much money can be withdrawn?” he asked.

“While Modi ji withdraws Rs 1,000 note, he introduces Rs 2,000 note on the other side? Does it not defeat his own argument?

“Is the banking system in our country ready to tackle such a situation? Government has to answer many questions,” he asked.

Prime Minister Narendra Modi announced on Tuesday that Rs 500 and Rs 1,000 currency notes will cease to be legal tender from midnight of Tuesday as part of sweeping steps to tackle black money.