Former PM Manmohan Singh finally spoke in Rajya Sabha today on PM Modi's demonetisation move. He termed demonetisation as a case of organised loot and legalised plunder.
Former PM Manmohan Singh finally spoke in Rajya Sabha today on PM Modi’s demonetisation move. He termed demonetisation as a case of organised loot and legalised plunder. He expressed his sadness at the ‘monumental mismanagement’ that had taken place. The former Prime Minister, who is also a renowned economist said that it was important to take note of the grievances of the people who were suffering. He further noted that 60-65 people had lost their lives due to a decision that had been taken to weaken the people’s confidence in the currency and the banking system.
Speaking about PM Modi’s urge of waiting for 50 days till the worst is over, Manmohan Singh said that even those 50 days could be detrimental for the poor. He asked the Prime Minister to name one other country where people had deposited their money in the banks but were not being able to withdraw it. He suggested that the Prime Minister must come with some constructive proposal how to implement the scheme properly. Manmohan Singh started trending on Twitter the moment he finished speaking in the upper house of the Parliament. Here are some Twitter reactions:
One may differ with Dr.Manmohan Singh’s politics. But everyone respects him as an economist. His forecast of 2 ? decline in GDP is worrying.
— Ashish Khetan (@AashishKhetan) November 24, 2016
In few words Dr. Singh depicted every aspect of demonetisation & it’s erroneous premise/implementation https://t.co/BwqxIU22Zc via @youtube
— Kuldeep Bishnoi (@bishnoikuldeep) November 24, 2016
Am delighted. Manmohan SINGH spoke. All is well with the world now.
— SUHEL SETH (@suhelseth) November 24, 2016
— Dr Ajoy Kumar (@drajoykumar) November 24, 2016
When we hear Manmohan Singh speak – we realise the difference between him an intellectual & a hollow vessel Narendra Modi.
— Tehseen Poonawalla (@tehseenp) November 24, 2016
What a boring speech by Manmohan Singh – full of facts, wisdom and humility. Unlike Modi’s..which is full of lies, cheap jokes and drama!
— Pankaj Mishra (@pankajmishra23) November 24, 2016
Speaking about the rural areas in India, he said that the co-operative banks which serve a large number in the rural sectors were not operational. Manmohan Singh finally spoke about the people who said that the demonetisation scheme was good in the long run and reminded of a quote which said that all of us would be dead in the long run. This was the first time the former Prime Minister had spoken on the much controversial demonetisation scheme.