The Government and the opposition meet in India one year after the demonetization

The opposition commemorated with protests the first anniversary of the decision of the Indian Government to unexpectedly withdraw the higher denomination notes generating a liquidity drought for months, a measure that the Executive defended today assuring that it has served to fight crime.

New Delhi, Nov 8 (EFE). - The opposition commemorated with protests the first anniversary of the decision of the Indian Government of unexpectedly withdrawing tickets of greater denomination generating a drought of liquidity for months, a measure that the Executive defended today assuring that it has served to fight crime.

The Prime Minister, Narendra Modi, did not no act today to commemorate the occasion, but turned to the social network Twitter to ensure that the controversial measure has "massively cleaned the Indian financial system" with "the discovery of a tangle of fictitious societies that laundered black money. "

Modi announced by surprise on the night of November 8, 2016, the circulation of the following hours of the highest denomination tickets, which accounted for 86% of the currency, in a measure to fight against black money and crime.

The decision involved long queues weeks before financial entities, paralysis in the informal economic sector and affectations in the formal sector, and the general slowdown in activity in a country in which a large part of the population lacks a bank account.

Digital transactions, which the government has promoted with measures such as the creation of thousands of bank accounts among the poorest citizens, they increased 58% in one year, said Modi, a growth that experts say has been diluted in recent months.

In reference to one of the objectives, he said that a "decisive blow" to terrorism, stating that "the incidents related to the throwing of stones in Kashmir have been reduced by 75%, and those related to" the extreme left ", in Allusion to the Maoist guerrillas, by 20%.

Finance Minister Arun Jaitley said on his blog today that "one of the important objectives of demonetization was to make the economy India less focused on cash payment and thus reduce the flow of black money in the system. He said.

According to Jaitley, thanks to the withdrawal "297,000 supposedly fictitious companies were identified" and after "investigating them, 224,000 were deleted from the Register of Companies", which in the practice is tantamount to ceasing activity.

"It is known to everyone that cash is anonymous." When demonetization was introduced, one of the objectives was to identify those that accumulated more currency, "he said.

In response to optimistic messages from the government, the main opposition parties called for demonstrations throughout the country. territory.

In New Delhi, the toxic cloud of pollution did not stop thousands of supporters of the Congress Party, the main opposition party, who dressed in black they chanted slogans asking for the Indian prime minister to leave.

"We protest against the organized looting of Modi, which is demonetization," Efe told the national secretary of the Youth of the Congress Party, Sitaram Lamba.

"Black day, demonetization, organized looting," could be read on various posters.

The Vice President of the Party of Congress, Rahul Gandhi, to which many point as the future leader of the political formation, assured on Twitter that "demonetization is a tragedy", and expressed his support "to the millions of honest Indians whose lives and way of subsistence have been destroyed by the thoughtless act of the prime minister. "

November 8, 2016 was" a black day for the Indian economy ", according to former Prime Minister and Congressman Manmohan Singh, who described the demonetization of "organized looting and legal plundering" during an electoral act in the state of Gujarat.

Dravida Munnetra Kazhagam (DMK), the Aam Aadmi Party (AAP, Common Man's Party) and the Communist Party of India also called their followers to demonstrate.

Anti-corruption activist Kejriwal, in charge of the AAP, described the demonetization of "huge fraud in the history of India" in a video posted on Twitter, and He recalled "those who lost their lives" in the days after Modi's announcement.