Manmohan Singh slams note ban, GST, government's 'low-level rhetoric'

Accept demonetization was a blunder time to rebuild economy Manmohan Singh to PM Narendra Modi

"This requires a frank admission of problems and getting out of a culture of constant self-praise", Dr. Singh said.

"This twin (demonetisation and GST) blow is (a) complete disaster for our economy, it has broken the back of our small businesses", he added. "No where in the world has any nation taken such a drastic step that swept off 86 per cent of the currency", Singh said.

The former Prime Minister Manmohan Singh said the move, along with roll out of GST, has come disastrous for the country.

To wit, Singh today reiterated what he said in Parliament - that demonetisation was "was organised loot & legalized plunder".

He said in order to promote a cashless economy, coercive steps like demonetisation are ineffective. Demonetisation hit the Indian poor to a large extent, with Surat alone seeing 60,000 looms forced to shut down and 21,000 people losing their jobs in the city's textile sector. "96 lakh crore. In 2017-18, it increased to Rs.2.41 lakh", he said.

Rupani, in a series of questions posed on Twitter under the hashtag "SpeakUpMMS", accused the UPA government of using the "full might of the state machinery" to subject Modi to a "witch hunt", and suggested that Singh's government had a "pro-Pakistan" stand.

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"Bullet train, launched with much fan fare, is an exercise in vanity", said Singh during his address to businessmen, professionals and traders on the current economic situation in Ahmedabad.

Claiming that the previous Congress governments at the centre always were anti-Gujarat and never approved the project in the name of environment, he said he himself as Rajya Sabha member (2006-12), met Manmohan Singh twice in a delegation of Parliamentarians from the state led by veteran BJP leader L.K. Advani.

In contrast, Singh said of his time in power, "I can proudly say that we lifted 140 million people out of poverty". "By questioning bullet trains does one become anti-development?"

The Opposition, especially the Congress, has repeatedly blamed demonetisation and the government's handling of the Goods and Services Tax for economic slowdown and unemployment in the country.

This attitude of suspecting everyone to be thief or anti-national, low level rhetoric is damaging to democratic discourse, he also said.

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