JK News Today
New Delhi, November 24 ( JKNT)
Former Prime Minister Manmohan Singh on Thursday ripped apart the demonetization policy of his successor Narendra Modi and called it as “ organized loot and legalized plunder.”
Manmohan Singh having unquestionable credentials as a renowned economist who steered the country through worst global recession in 2008 was unsparing in his criticism of the November 8 demonetization policy, which declared Rs 500 and Rs 1000 notes as illegal tender.
The former Prime Minister who was the first speaker in Rajya Sabha after Prime Minister Narendra Modi came to the House to listen to the debate on the scrapping of the high value notes , in his opening remarks described it as a “ monumental mismanagement.” Saying that this has brought innumerable sufferings for the common man, agriculture sector and the small traders besides having the dangerous potential to cut the GDP by 2 per cent, Manmohan Singh pointed out serious lapses in the policy. He went on to charge the Prime Minister, Finance Minister and RBI Governor’s office for having created this mess in the economy of the country.
He charged Prime Minister with insensitivity toward the poor while recalling Modi’s call to bear with the pain for 50 days. “ This 50 days is very short period for the poor ,” Manmohan Singh said.