Kashmir encounter shows demonetisation failed: Amarinder

A day after four militants were killed in Kashmir, Punjab Congress chief Captain Amarinder Singh on Monday said despite Modi government’s claims, note ban has “failed” to check inflow of terrorists and fake currency from Pakistan.

A day after four militants were killed in Kashmir, Punjab Congress chief Captain Amarinder Singh on Monday said despite the Narendra Modi government’s claims, note ban has failed to check flow of terrorists and fake currency from Pakistan.

Capt Amarinder said that the note ban had completely failed in its vowed objectives of cracking down on terrorism and black money. (HT File Photo)

In a statement issued here, Amarinder said Sunday’s encounter in Kashmir and reports of Pakistan pushing fake Rs 2,000 currency into India via Bangladesh were proof that the ill-conceived note ban decision was not helping curb terror as claimed by Modi. Stronger and sterner measures were needed to ensure foolproof border security if the nation and its people were to be guarded against frequent external assaults, he said.

Apart from continuing incursions from across the border, there was sufficient ground to believe that black money remained a serious concern despite a 86% old currency getting frozen overnight following the demonetisation, said Amarinder, citing reports of frequent seizures of large sums of unaccounted for, new currency.