Tuesday, October 26, 2021

Ratan Tata’s sincere advice to govt on demonetisation hassle

The statement goes onto say demonetisation implementation is causing great hardship to common man, particularly medical emergencies

By: Express Web Desk | New Delhi |
November 24, 2016 6:58:37 pm
Ratan tata, Demonetisation, Tata demonetisation, Ratan tata demonetisation, Ratan Tata cash ban Ratan Tata in Mumbai on Tuesday. (Source:: Express photo by Ganesh Shirsekar)

Tata Sons interim Chairman Ratan Tata on Thursday gave his point of view on demonetisation and how it can be implemented better. In a statement released on Twitter, Tata has suggested that the government consider special relief measures. “While Govt is doing its best to increase availability of new currency, it may be worthwhile to consider special relief measures similar to those employed at times of national calamities to serve poor for their daily needs and for enabling emergency medical treatment,” he said.

The statement goes onto say demonetisation implementation is causing great hardship to common man, particularly medical emergencies. “It’s causing hardship especially in medical emergencies, major surgical interventions and the procurement of medication in smaller towns across the country. Hardship is also being experienced by the poorer people due to the shortage of cash to meet the daily household needs for good.”

ALSO READ: Ratan Tata calls demonetisation a ‘bold act’

Tata added that such emergency measures will be greatly appreciated by the distressed segment of the population as it would exhibit that the government cares and has not forgotten the needs of common man at this moment of transition during the implementation of such an important demonetisation program.

Ratan Tata had previously too showed support for the demonetisation move along with other businessmen. Tata, who recently replaced Cyrus Mistry as the Chairman of Tata Sons, in his latest tweet lauded the government’s decision to demonetise high value currency notes saying it will wipe out corruption. “Demonetisation of old currency notes by the Modi government is a bold act that will wipe out black money and corruption. It deserves our support,” Tata had tweeted.

Prime Minister Narendra Modi had on November 8 announced the decision to demonetise currency notes of Rs 500 and Rs 1000, leaving all Indians surprised. While many saw it as Modi’s masterstroke against black money and corruption, other thought it was a big blunder by the government. The move was aimed at curbing black money, check circulation of fake currency and terror funding. Following the announcements, long queues have been seen outside banks for exchanging and depositing the old currency.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.