November 24, 2016 5:17:35 pm
Though former prime minister Manmohan Singh termed demonetisation a monumental mismanagement by the Centre during his speech in Rajya Sabha, his successor Narendra Modi walked over to him and shook hands when Parliament broke for lunch. Modi also spoke to senior Congress leaders Ghulam Nabi Azad and Anand Sharma during the break.
Earlier in the day, Singh led the Opposition attack against the government over demonetisation in Rajya Sabha saying it’s a case of “organised loot and legalised plunder.” He added that though he agrees with the intent behind the move, the implementation has forced long lines at banks for nearly two weeks amounting to “a monumental management failure.”
He hoped the Prime Minister will find a practical and pragmatic decision to mitigate the sufferings of the common man and the poor who have been in distress after the decision. He said agriculture, unorganised sectors and small industry has also been hit hard by it and people were losing faith in the currency and banking system.
“These measures convinced me that the way the scheme has been implemented, it’s a monumental management failure. And in fact, it is a case of organised loot and legalised plunder. “It is not my intention to pick holes what this side or other side does. But I sincerely hope that the PM even in this late hour will help find us practical and pragmatic ways to provide relief to the suffering of the people of this country,” he said in Rajya Sabha as the debate on the issue resumed after Modi came into the House.
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