He has welcomed Prime Minister Narendra Modi’s decision on November 8 to scrap 500- and 1000-rupee notes, but objected to a 2,000-rupee note being introduced.
PM Modi has aggressively pitched for a cashless economy, promising that the hardship caused to people by the cash crunch that has followed his ban on high value notes will be gone in 50 days.
As people have had to line up at banks for days for rationed new notes and rural India, which has poor access to banking, has reported extreme distress, opposition parties have hit out at the government for what former Prime Minister Manmohan Singh of the Congress called a “monumental management failure”.
They have held up parliament proceedings demanding that PM Modi explain his decision and the way it was implemented, and have protested both in parliament and out of the streets.
(Sourced from agencies, feature image courtesy:oneindia.com)
