Hundreds of industrialists and traders in Ludhiana on Friday protested against the denomination and termed the move as ‘ill-conceived’. The protest was led by state Congress Vice President Sunil Jakhar.
Addressing media persons before the protest, Jakhar said demonetisation has badly hit Punjab’s consumption driven economy as the drive has weakened the liquidity which has slowed down the business.
“The industries, the farming sector and the small traders in Punjab had been badly hit by the cash crunch.The worst hit are the self-made entrepreneurs who have been compelled to lay off thousands of workers in recent months, initially due to the exploitative polices of the local leadership and now due to demonetisation,” Sunil Jakhar said.
The Congress leader said that Modi-led Bharatiya Janata Party (BJP) government at the Centre was targeting the middle class by strangulating the consumption driven economy. He also questioned Badals’s silence on the demonetisation-related woes
“Neither Chief Minister Parkash Singh Badal nor Deputy Chief Minister Sukhbir Badal have the guts to take a stand against Modi or their ally, the BJP,” said Jakhar, dismissing as `too little too late’ Sukhbir’s plea to the central government to solve the cash problem.
The Congress leader claimed that Punjab’s Deputy Chief Minister Sukhbir has admitted that ‘People of Punjab were losing patience’. However, that it was clear that the Badals could not take a stand for the people of Punjab.
“If they are really concerned, why don’t they snap their poll alliance with the BJP,” Jakhar asked.
Sunil Jakhar said that there were tremors of protest within BJP now over the situation arising out of demonetisation.