On November 8, 2016 the government demonetized Rs 500 and Rs 1000 bank notes. | Photo Credit: Thinkstock

New Delhi: Bharatiya Janata Party (BJP) MPs on Tuesday stalled the note ban report which slammed the incumbent government's decision of demonetising Rs 1,000 and Rs 500 currency notes with effect from November 8, 2016. The report mentioned that demonetisation led to a drop of one per cent in the country’s annual Gross Domestic Product. This parliamentary panel has decided to put a ban on release of this report and the party would make sure that this report is not re-tabled in Parliament.

In the 31-member panel, the BJP had 17 members, marking a majority. They have sent a dissent report to Veerappa Moily, written by the party MP Nishikant Dubey. The government is now being diffident to present the report which brings the clear image of demonetisation, which reportedly hit the Indian economy. The report also mentioned that how demonetisation impacted the Indian GDP but the government had been trying to portray that demonetising the currency was a phenomenal economic reform for the Indian economy, where it fought the black money menace of the country, promoted cashless transactions and also the increased digital transactions in the country.