Demonetisation a monumental mismanagement: Dr Singh

November 24, 2016 12:14

Highlights of Dr Manmohan Singh speech on demonetisation in Rajya Sabha

* PM has been saying that this is a way forward and that demonetisation will help curb terrorism; I do not object to this. But there has been major mismanagement in the implementation; It's important to take into account the distress of the people

* PM said wait for 50 days but for the poor section even 50 days can be detrimental

* 60-65 people have lost their lives. important to take note of the grievances caused to ordinary citizens

* Demonetisation is a monumental mismanagement.

* GDP can decrease by up to 2 percent point due to demonetisation move.

* This step will hurt agricultural growth, this will hurt all informal sectors.

* PM must come with some constructive proposal how we can implement the scheme.

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