Former prime minister Manmohan Singh 
National

Demonetisation a reckless step, organised loot: Manmohan Singh

Describing the BJP-led government's demonetisation exercise as a reckless step, former prime minister Manmohan Singh said scrapping higher value currency notes was organised loot and legalised plunder.

migrator

Ahmedabad

None its objectives were achieved, Singh said during an interactive session on the current state of the economy with businesspersons and traders.

"Demonetisation was organised loot and legalised plunder," he said during his visit to poll-bound Gujarat.

Hitting out at the government over the rollout of the Goods and Services Tax, Singh said compliance requirements under GST had become a nightmare for small businesses.

He also criticised the Centre's ambitious Ahmedabad-Mumbai bullet train project and dubbed it an exercise in vanity.

Singh's visit comes a day before Congress vice president Rahul Gandhi is likely to tour Surat on the anniversary of the government's announcement of the demonetisation exercise.

Opposition parties are observing 'black day' tomorrow.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

It's official: Congress to contest 28 seats in TN Assembly polls, gets one Rajya Sabha seat

Tiruchi Siva, J Constantine Ravindran named DMK candidates for Rajya Sabha

DMK cadres deface Hindi letters on DRM office gate in Tiruchy

Kolkata's 'Knight Rider' Allen blows away South Africa, takes NZ into final

‘Kartavya Dwar’ sign removed after opposition; Stalin says ‘arrogance of dominance’ gone