National / World

Avoid blunders like demonetisation in future: Manmohan’s advice to Modi


Rajkot, Dec 7 (Zee News): After terming demonetisation as “organised loot” and “monumental disaster”, former prime minister Manmohan Singh on Thursday reiterated that the notes ban was disastrous. Addressing a gathering in Rajkot in poll-bound Gujarat, the veteran Congress leader said that “we should avoid such blunder like demonetisation in future”.

Hitting out at the Narendra Modi government, the former prime minister alleged that a large chunk of black money was converted to white during notes ban. He also said that millions of jobs were lost due to the move and new jobs were not created.

Terming the move as a disaster, Singh claimed that none of the decisions by his government hurt the poor.

According to the Congress party, Singh is in Rajkot for an interaction with teachers, professors and professionals on “matters of concern”.

Earlier this month, Singh had attacked Prime Minister Modi over government schemes, referring to hardships faced by people during demonetisation.

He had said, "I invoke memories of more than 100 people who lost their lives while standing in queues as a result of demonetisation. I say with immense pain and a sense of deep responsibility that November 8 was a black day for our economy and democracy."

He had also said that it was too early to conclude that the economic slowdown has reversed as the 6.3 per cent growth rate in the July-September quarter did not take into account the small and medium sector which suffered huge losses in the aftermath of demonetisation and hasty implementation of GST.

"It is too early to conclude that this represents a reversal of the declining trend observed in the previous five quarters. Some economists believe that the CSO which released the figures has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for about 30 per cent of the economy," Singh had said.

The former prime minister said that while Modi claimed to understand Gujarat and the poor "more than anybody else", how was it that "he never understood the pain his decisions unleashed".

Comment on this article

  • Lewis, Udupi/Blore

    Thu, Dec 7 2017

    There is one more blunder coming up.

    Check what is the latest FRDI bill.
    This govt is hell bent on making the middle class the poor

    DisAgree Agree [1] Reply Report Abuse

  • mahesh, Mangalore

    Thu, Dec 7 2017

    If only MMS had talked half of this during his time?
    Poor chap was only taking orders from super PM.

    DisAgree [1] Agree Reply Report Abuse

  • pradeep, Kerala

    Thu, Dec 7 2017

    Wise words from a brilliant economist, a man who understands the pulse of the weak and downtrodden in our country. Ex-PM of India who rode the crisis of the economic depression of 2009 with flying colors. One who stabilized the oil prices in India at the height of international oil price fluctuation at $180 per barrel.

    At least let our present PM take coaching class from our Ex-PM Manmohan Singh, there is no harm in accepting our faults and taking advice from intelligent people. Let us not keep our ego and pride to lead us but our humility and simplicity to be our strength.

    DisAgree Agree [2] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Thu, Dec 7 2017

    Ravi C, Mangalore
    Rightly said.
    I remember during the invasion of Kuwait (1990) foreign reserves of India was in doldrums with foreign reserves approx. 500 Million dollars. Oil reserves would have lasted for six months and Reserve bank started attracting NRE money on interest rate exceeding 20 %.
    Who worked for lifting India's financial condition or export?
    Modi did not come out with any suggestions and now criticizes previous government. India was not built in three years after Modi came to power.
    Let him take help from the experienced Economist rather than delivering endless speeches.

    DisAgree [8] Agree [21] Reply Report Abuse

  • Mahendra Shetty, Mumbai Mangalore

    Thu, Dec 7 2017

    MMS FIRST APOLOGISE FOR YOUR BLUNDERS YOU DID ESPECIALLY IN CORRUPTION.....

    YOU WERE THE PUPPET OF ITALIAN AND SINGLE MINISTER WAS IN YOUR CONTROL.........

    DisAgree [26] Agree [12] Reply Report Abuse

  • Satya, Mangalore

    Thu, Dec 7 2017

    Just like a parrot you keep repeating the word corruption. It is almost 4 years since the BJP has been in power. If it is so sure of the corruption, why is no action taken against the corrupt? Why are they not behind bars? My friend, lies and falsehoods have a short shelf life and now it seems as if the shelf life of the lies that the BJP propagated is over. It is in Modi's own interest that he heeds the advice of a renowned and respected economist also the architect of India's modern economy Dr. Manmohan Singh, instead of coming out with silly and childish retorts. This advice is also for all the chelas, chamchas and the blind bhakts.

    DisAgree Agree [2] Reply Report Abuse

  • Mahendra Shetty, Mumbai Mangalore

    Thu, Dec 7 2017

    CORRECTION....

    THE SINGLE MINISTER WAS NOT IN YOUR CONTROL....

    ALL FILES GOES TO 10 JANPATH FOR PLANNING HOW TO LOOT THE COUNTRY...

    DisAgree [2] Agree Reply Report Abuse

  • Ravi C, Mangalore

    Thu, Dec 7 2017

    What about the corruption in last 3 years. Media is silent of course.

    DisAgree Agree [2] Reply Report Abuse

  • Rajesh, Mulki

    Thu, Dec 7 2017

    Old song

    DisAgree [1] Agree Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Thu, Dec 7 2017

    Even bhakths have same mind-set.
    They listen to their master's voice and follow in his foot-steps without due deligence.
    Action first
    Then regret
    Others, care a hoot
    I am always perfect.

    DisAgree [9] Agree [13] Reply Report Abuse

  • Gabriel, sagar

    Thu, Dec 7 2017

    Sage seldom speaks, but when he speaks the Buddha smiles. Sometimes it is good to listen to the Sage.

    DisAgree [6] Agree [11] Reply Report Abuse

  • Ravi C, Mangalore

    Thu, Dec 7 2017

    When Dr.MMS speaks, world listen.. Only bhakths make fun of him who know nothing about his contribution to this great nation.

    DisAgree [12] Agree [40] Reply Report Abuse

  • Avinash, Mangalore

    Thu, Dec 7 2017

    We know. Games Coal Stamp 2G 3G and if it was congress in 2014 it would be 4G also nice contributions to great nations economy

    DisAgree [27] Agree [14] Reply Report Abuse

  • santhu birve, Mumbai/Udupi

    Thu, Dec 7 2017

    Do anyone know when rajni's new movie Robot 2.0 is releasing?

    DisAgree [14] Agree [14] Reply Report Abuse

  • mahesh, Mangalore

    Thu, Dec 7 2017

    MMS, You forgot to say "please avoid corruption scandals like it happened during my time. I had no control over my ministers. Everybody was talking orders from the madame, i was only a dummy PM"

    DisAgree [32] Agree [28] Reply Report Abuse

  • Ramesh, Udupi

    Thu, Dec 7 2017

    Dear Mr. Mounmohan If you have avoided your ministers looting our country during your 10year term this step was not required by Mr. Modi. He has done remarkable job as a PM. Please appreciate the good work done by current PM for the sake of our country. Don't criticize him for the sake of your Feku Gandhi family.

    DisAgree [41] Agree [24] Reply Report Abuse

  • C.T. Thomas, Nandalike

    Thu, Dec 7 2017

    Mannu Kaaka, kept quiet when his masters looted the nation. Numerous scams went unnoticed. He turned a blind eye to corruption. The Congi halaat is because of him today. Your lecture is not required at this point. So just retire and rest at home.

    DisAgree [31] Agree [22] Reply Report Abuse

  • Ravi C, Mangalore

    Thu, Dec 7 2017

    His lecture may not required but we definitely need his thoughts to rebuild our economy. World recognize him as a great Economist who played a vital role during recession. Easy to comment..

    DisAgree [8] Agree [23] Reply Report Abuse

  • Dinesh, Dubai

    Thu, Dec 7 2017

    voters already avoided blunder like dongi khangi.

    DisAgree [23] Agree [16] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Dec 7 2017

    125 people died, Billion's of man hours lost, Thousands unemployed & GDP crashed ...

    DisAgree [12] Agree [31] Reply Report Abuse

  • Vincent Rodrigues, Bengaluru/Katapadi

    Thu, Dec 7 2017

    Damage is already done and no more scope fpr further blunders

    DisAgree [6] Agree [21] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Thu, Dec 7 2017

    Country and all the party leaders must rise united.
    Ruling the country should not be a 'One man Show' or 'Majority power based' (backed by USS, VHP & SENA)

    DisAgree [10] Agree [29] Reply Report Abuse

  • KRPrabhu, Bangalore/Mangalore

    Thu, Dec 7 2017

    This idea didn't come to anyone even foreign origin lady was controlling the ruling through MMS.Now advising Modiji what to do and what not to do....One good effect of Modi rule is that MMS started opening his mouth which was closed since 2004 till 2014.....
    A word of caution to all concerned: Don't blame bankers in foreign soil ....otherwise not only Demonetisation ,every thing will fail.!

    DisAgree [15] Agree [15] Reply Report Abuse

  • Declan, Mumbai

    Thu, Dec 7 2017

    One bad effect of MMS keeping his mouth closed during UPA rule is that since 2014 Modi does not shut his mouth which has now become monotonous and all the time abusive to opponents.

    DisAgree [9] Agree [7] Reply Report Abuse

  • Rajesh, Mulki

    Thu, Dec 7 2017

    Indian origin people have become lawmakers and country leader globally. Including U.S .Jai Hind

    DisAgree Agree [1] Reply Report Abuse

Leave a Comment

Title : Avoid blunders like demonetisation in future: Manmohan’s advice to Modi


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image