Skip to main content

Demonetisation is organised loot, In the long run, we’re all dead’ Manmohan Singh took down Modi govt

FacebookTwitterGoogleWhatsApCopSh

The former prime minister said that while he did not disagree with the objectives of the move, it was a monumental management failure.

manmohan
Former Prime Minister Manmohan Singh, in the Rajya Sabha on Thursday, said the government’s move to demonetise Rs 500 and Rs 1,000 notes was a form of “organised loot” and that it would reduce the country’s Gross Domestic Product by 2% or more. Singh, who has also served as the finance minister and is a noted economist, said ordinary people were suffering because of the imposition of the move overnight by Prime Minister Narendra Modi.
“The prime minister has been arguing that this is the way to curb black money, to prevent the growth of fake currency notes and help control terrorism. I do not disagree with these objectives, but in the process of demonetisation, monumental mismanagement has been undertaken.” Singh quoted economist John Maynard Keynes to dismiss the Centre’s defence that the move would help in the long run, saying “In the long run, we are all dead.”
Labels:

Comments

Post a Comment

Popular posts from this blog

You Can't Even Take A Cab If You Are Drunk In Kerala. Yes, That's The New Law.

We all are aware how detrimental drunk driving can be, which is why we the government along with various organizations promote the use of cabs when inebriated. -Src However, in what looks self-perilous act, a new regulation in Kerala prohibits rivers not only from driving while intoxicated but also taking inebriated passengers along. The Ministry of Road Transport and Highways' latest mission is 'Motor Vehicles driving regulation 2017' - the MVR which has come into effect on June 23. The law bars drivers from carrying drunk passengers and demands all drivers to comply with the law.   Follow AM   @AmIndia1947 Replying to @latasrinivasan @NewsX Kerala govt.   liquor tax, they gonna charge drivers carrying drunk passengers, drunk driving is illegal, drunkers should book hotel room 2:19 PM - Aug 14, 2017   Replies     Retweets     likes Twitter Ads info and privacy “...
Post a Comment
Read more

A Family Murder in the Colombian Jungle;

A Family Murder in the Colombian Jungle; How the surrender of the FARC helped bring closure to a mystery Santa Marta | Stefanen Ator/Public Domain/Flickr Here is what I know for sure: Nearly 10 years ago, my aunt Adita was kidnapped from her home one morning in Santa Marta, a beach town on Colombia ’s Caribbean coast. Hours after her disappearance, she was found dead on the side of a dusty road in the nearby Sierra Nevada mountains. The violent murder of Adita Perez is one shrouded in mystery. Her kidnappers were mysteriously killed before questioning and no one was ever charged with her death. Some say she was killed on the side of the road and then set aflame (a gruesome version of the story I had grown up with). Others say Adita was killed in her home, rolled up in a carpet and dumped in the mountains. The theories surrounding  why  she was murdered are even more nuanced. I hadn’t been to  Bogota  — my birthplace — in over a decade but after ...
Post a Comment
Read more

Rana Daggubati Say`s I Love chaitu Films More Than My Films In Audio Lunch..

''Rana Daggubati Say`s I Love chaitu Films More Than My Films In Audio Lunch..'' Rana Daggubati  was one of the chief attractions at the audio launch of Naga Chaitanya-Lavanya Tripathi starrer  Yuddham Sharanam Movie  .        Rana Daggubati and Naga chaitanya..@Yudhamsharnam audio lunch Speaking with reference to the title, Rana said, "Since the time I was a kid, I have been waging a war; a war to pass the exams, a war to convince my parents, etc. And Chaithu ( Naga Chaitanya ) was an absolute torture because he was the quintessential good boy who did well at studies and my parents used to ask me to emulate him," said Rana humorously and added, "Chaitanya has known the director of Krishna R Muthhu for a long time and I think it's because of the friendship between them that the movie has shaped so well. I love my films but I love Chaithu's films even more. I hope that  Yuddham Sharanam  turns out to be the biggest...
Post a Comment
Read more