Over former Prime Minister Manmohan Singh’s criticism on the demonetisation policy initiated by the Narendra Modi government, the Rashtriya Swayamsevak Sangh (RSS) today slammed the former PM claiming that Prime Minister Modi is looking at the next generation not the next election.
Earlier, Manmohan Singh criticized Modi-government’s demonetisation policy claiming that the initiative is a ‘monumental mismanagement’ and will result in the fall of GDP by 2 per cent. Blaming the central government for the continuing public distress and the financial crisis among the common people in the country, the former Prime Minister, from the Congress party, insisted that the note-ban policy had led to ‘organised loot’ and ‘legalized plunder’.
Questioning Narendra Modi’s implementation of the note ban policy, which also limits the amount to be withdrawn from one’s personal account, Singh said in no country people are deprived of their own money. Singh had also claimed that the ban on currency notes will also affect the agricultural growth, small scale industries and the people working in the informal sectors of the economy.
Citing at least 20 changes in the rules of the demonetisation policy, the former Prime Minister slammed the ruling government and the Reserve Bank of India (RBI) for a confused implementation of the policy, urging the Modi-government to come up with a practical way to curb public distress.
Citing the rise in the circulation of black money in the country, Prime Minister Narendra Modi, on November 8, had initiated the demonetisation policy, following which, there had been an ban on the currency notes of the denomination Rs 500 and Rs 1,000. Even as the policy crosses two weeks of implementation, chaotic situation among the common people still continues, with many standing in long queues outside banks and ATMs, waiting to replace their scrapped notes with new usable cash, or to withdraw the permitted amount of money from their bank accounts.