Congress spokesperson Manish Tewari on Tuesday termed the move by the government to abolish Rs 500 and Rs 1,000 notes as a “nuclear trident at poor people of India” and described Prime Minister Narendra Modi as a “modern day Tughlaq.”Tewari said in a series of tweets that large sections of the population were cash dependent and had no access to banking facilities. LOL-MOHMAD Bin Tughlak scraps 500/1000 Rupees notesNext capital of India will be shifted from Delhi to Daultabad.Tughlak's spirit resurrects — Manish Tewari (@ManishTewari) November 8, 2016Mohammed bin Tughlaq was a ruler in medieval India who was known for his eccentric decisions to shift the capital from Delhi to Daulatabad, in south India, and change the currency. The decisions had misfired. Tewari said 65 per cent of India’s population lives off agriculture “that is non taxed -cash dependent. No universal banking coverage or credit card penetration.”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 battle black money.

Source: Hindustan Times November 08, 2016 19:07 UTC