Akhilesh Yadav says demonetisation pushed the country’s economy back

Uttar Pradesh Chief Minister Akhilesh Yadav said on Monday that demonetisation, which has been associated with �patriotism�, is harming the country and has pushed the economy back.

Akhilesh Yadav says demonetisation pushed the country’s economy back

Uttar Pradesh Chief Minister Akhilesh Yadav said on Monday that demonetisation, which has been associated with “patriotism”, is harming the country and has pushed the economy back.

“The scheme which is associated with patriotism is harming the country. Development works going on a good pace have stopped. The economy is going slow. The government (at Centre) has pushed the economy back and confused the country,” Akhilesh said.



The Chief Minister was speaking after launching ‘Shadi Anudaan’ scheme under which Rs 20,000 is being given by the state government for solemnising marriages in poor families.

He said that those who are making claims that the Centre has done a good job by demonetising Rs 500 and Rs 1000 notes, will be taught a lesson by people when they go to polls.

Raising doubts over the demonetisation’s desired outcome he said, “The new Rs 2,000 notes will help those having black money. The only difference is that those who used to keep Rs 1,000 notes are now having Rs 2,000 notes."


Akhilesh took on the central government saying it has failed to deliver any development work for the state, while his government had created a record in development and progress of UP in the last four years.


He raised questions over the prime minister's appeal to the nation to go for cashless and opt for plastic money, saying "The prime minister can do this (live cashless) but what about others in small towns and rural areas?"

The chief minister said the Samajwadi Party had always opposed black money in the country but the manner in which Central government announced demonetisation caused hardships to people.