M.K. Stalin says, Demonetisation disaster hurt economy severely

08 November,2018 03:18 PM IST |  Chennai  |  IANS

In a tweet, M.K. Stalin termed the demonetisation as one man made disaster for India

DMK President M.K. Stalin


DMK President M.K. Stalin and PMK Founder S. Ramadoss on Thursday criticised the Central government for demonetising the Rs 500 and Rs 1,000 rupee notes in 2016.

In a tweet, M.K. Stalin termed the demonetisation as "one man made disaster for India".

On November 8, 2016, Prime Minister Narendra Modi in a television broadcast announced demonetisation of Rs 500 and Rs 1,000 rupee notes.

In his tweet Stalin said: "People were brought on streets with their money declared illegal. Indians stood in endless lines and many died outside banks, millions of jobs were lost, small industries shut and the economy hit irreversibly."

On the other hand, Ramadoss said the day marks the second anniversary of not only demonetising Rs 500 and Rs 1,000 rupee notes but also of hurting the economy severely.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in the headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!
national news dmk
Related Stories