Mangaluru: Chief whip of Legislative Council Ivan D’Souza on Saturday termed demonetization as a thoughtless decision undertaken to help the BJP leaders and their friends. Terming Modi as the most inefficient Prime Minister that the nation has ever seen he said that the PM without any proper groundwork has taken the nation 20 years back with this move.

Ivan while addressing media persons at MCC office here said that the All India Congress Committee has directed that protests must be held across the country and accordingly protests would be held in all the district headquarters.

“After 50 days of hardships we do not know what is the volume of black money that has been recovered,” he said adding that over Rs 14,500 crore worth of notes have come back to the RBI. But they do not talk about this anywhere. It is now assumed that to get back Rs 400 crore worth of fake currency in the market, the government took back Rs 18,000 crore,” he said.

He also added that while the main aim of demonetization was to tackle the issue of blackmoney and counterfeit notes, it has now been deviated and the government is seen prompting cashless and digital economy adding that a cashless society cannot be built without strengthening the banking system.