Lucknow, November 11, 2026 (Yes Punjab News)
Samajwadi Party (SP) president Akhilesh Yadav on Wednesday launched a sharp attack on the BJP over demonetisation, describing the 2016 currency ban as the “most corrupt decision in the world’s history” and predicting that it would turn into a “vote ban” for the ruling party in Uttar Pradesh.
Addressing a press conference in Lucknow, Yadav alleged that demonetisation dealt a severe blow to the country’s economy, particularly affecting micro, small and medium enterprises (MSMEs). He claimed the move failed to achieve its stated objectives, hurt small businesses and damaged the banking system.
The SP chief said the upcoming electoral contest in Uttar Pradesh would not be an ’80-20′ or ’20-80′ battle but a ’95-5′ contest, suggesting that the BJP would face a sweeping defeat.
Taking a dig at the BJP over the child popularly known as ‘Khazanchi’, who was born during the demonetisation period, Yadav said the boy had turned ten but the BJP had never celebrated his birthday.
“The BJP should now ‘adopt’ him—though not in the same way its leaders ‘adopted’ villages. To this day, it is the Samajwadi family that continues to look after Khazanchi and his education,” he said.
Yadav also accused the BJP of damaging the country’s economic progress, arguing that while its leaders spoke about the vision for 2047, decisions such as demonetisation had taken the economy backwards. He challenged BJP leaders to an open debate on the issue.
Targeting the Yogi Adityanath government, the SP president alleged that corruption in Uttar Pradesh had reached its peak and questioned the state’s law-and-order situation, citing incidents including the Hathras case.
He claimed that people in Uttar Pradesh had made up their minds in favour of the Samajwadi Party and reiterated his prediction of a major BJP defeat in the upcoming elections.
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