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Demonetisation biggest scam in Independent India: Congress

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New Delhi, 28 Nov 2016 : The Congress on Monday continued to attack Prime Minister Narendra Modi over his demonetisation decision, terming it the “biggest scam in Independent India” and demanding that he apologise for the “mess” he has created.

Congress also said that Modi has not demonetised the currency but ended up demonetising the economy, the jobs, trade and businesses, the agricultural and rural sectors and the people of India.

“Demonetisation is the biggest scam in Independent India,” party spokesperson Randeep Surjewala said at a media briefing.

Demanding that Modi should “apologise for creating a mess in the whole country”, he said the Prime Minister now “needs to come up with a solution for the entire chaos he has created”.

By a “single disastrous decision, Modi has brought the entire country to a standstill and has demonetised the whole country,” he added.

“With one stroke, Narendra Modi has broken the back of the entire agricultural sector,” said Surjewala.

“Congress Vice-President Rahul Gandhi and the entire opposition have demanded an investigation through Joint Parliamentary Committee (JPC),” he added.

Congress also charged the Modi government with changing the rules and directives on demonetisation 105 times in last 19 days.

Mobiles

APPLE HOMEPOD MINI LAUNCHED AT $99, IPHONE 12 STARTING $699, IPHONE 12 PRO FROM $999

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Apple Event 2020 LIVE Updates: Apple has finally removed the curtain from its iPhone 12 series. The company launched the iPhone 12, iPhone 12 Mini, iPhone 12 Pro and iPhone 12 Pro Max at the ‘Hi Speed’ event at the Apple headquarters in Cupertino, California. At the event, the company has also launched Smart HomePod Speaker.

The company says that the iPhone 12 Mini is also the world’s thinnest and lightest 5G smartphone. Let us tell that this event was once again started by Team Cook, CEO of the company.

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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India

Indian economy to contract by 10.3% in 2020; may show 8.8% growth in 2021: IMF

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New Delhi, 13 Oct. : The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 percent this year, the International Monetary Fund said on Tuesday.

However, India is likely to bounce back with an impressive 8.8 percent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 percent, the IMF said in its latest ‘World Economic Outlook’ report.

Released ahead of the annual meetings of the IMF and the World Bank, the report said global growth would contract by 4.4 percent this year and bounce back to 5.2 percent in 2021.

America’s economy is projected to contract by 5.8 percent in 2020 and grow by 3.9 percent the next year, the IMF said.

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