Published On : Thu, Nov 24th, 2016

Demonetisation is ‘organised loot’, legalised plunder: Dr Singh

manmohan-singh_650x400_61479970245After the Congress suggested former Prime Minister Manmohan Singh will speak on the government’s demonetisation debate, an angry Finance Minister Arun Jaitley objected to the proposal and asked the Opposition to resume the debate.

“The ex-PM Dr Manmohan Singh would like to speak something,” Congress Leader of Opposition in Rajya Sabha Ghulam Nabi Azad said.

To which Jaitley objected. “If it is on demonetisation issue, let the Opposition resume the debate and let Dr Manmohan Singh speak,” he said. “If there is no debate, nobody from the Opposition is going to be allowed to speak,” Jaitley added.

Later, the government had to concede to the demand and allowed Singh to speak, while Prime Minister Narendra Modi listened on.

Highlights of Manmohan Singh’s speech:

#Demonetisation a monumental mismanagement
#That’s why 60-65 people lost lives so far
#What’s been done can weaken people’s confidence in currency and banking system
#It will have disastrous effect on economy
#In my opinion, this scheme, the way it has been implemented will hurt agriculture, small industries
#PM said wait for 50 days but for the poor section even 50 days can be detrimental
#Important to take note of the grievances of the people suffering
#PM must come with some constructive proposal how we can implement the scheme
#I want to ask PM that can he name any country where people have deposited their money but are not able to withdraw it
#PM must come with some constructive proposal how we can implement the scheme
#Monumental mismanagement has been undertaken in implementation of demonetisation
#Cooperative banking sector which is serving large number in rural sector is not operational
#I hope that PM will help us find practical ways to give relief to people suffering
#Those who say demonetisation is good in the long run should recall quote: “In the long run we are all dead.”
#I hope that PM will help us find practical ways to give relief to people suffering