Thu, Jul 27, 2017 | updated 12:31 AM IST

Demonetisation is organised loot by the Centre, says Congress

Updated: Nov 25, 2016 08:31 IST      
Demonetisation is organised loot by the Centre, says Congress

Mumbai [India], Nov.25 (ANI): Hailing former Prime Minister Dr. Manmohan Singh's warning to the Centre on the possible negative impact of demonetisation, the Congress party on Friday said the drive to end the use of Rs.500 and Rs.1000 currency notes was nothing but organised loot by the government.

Congress leader Sanjay Nirupam told ANI, "What Manmohan Singh said was absolutely correct. It is an organised loot by the Modi government. It is a clear cut monumental management failure because the whole nation is facing havoc."

Alleging that more than 65 people have lost their lives courtesy the demonetisation drive, Dr. Singh yesterday described the Centre's decision as a case of monumental mismanagement and warned that it would reduce GDP by at least two percent and weaken economic growth.

Dr Singh asked Prime Minister Narendra Modi to find a more practical and pragmatic solution to prevent this distress on the public.

Dr Singh, who led the opposition charge in the Rajya Sabha, highlighted the problems of demonetisation.

"It is important to take note of the grievances faced by the people over demonetisation in the country. The PM has said that we should wait for 52 days, it is a short period. But for those who are poor and deprived, those 50 days can bring about a disastrous affect in the country," he said.

The former prime minister said demonetisation can weaken and erode confidence in the currency and the banking system in the country.

"I would want to know from the PM the names of any countries he may think of where people have deposited money in the banks, but are not allowed to withdraw their money. This alone, I think, is enough to condemn what has been done in the name of demonetisation," said Dr. Singh.

"In my opinion this scheme of demonetisation, the way it is being implemented, will hurt the agriculture growth in our country, will hurt small industry, will hurt all those people who are in the informal sectors in the economy," he added.

Dr Singh further said the national income, that is the GDP of the country, can decline about two percent as a result of this move.

"This is an underestimate and not overestimate. Therefore, I feel that the PM must come with some constructive proposal of how we can implement this scheme and at the same time prevent this distress that has been caused to the common people. It is no good that every day the banking system comes with modification of the rules, the conditions with which the people can withdraw money that reflects very poorly on the PM's office, on the FM's office and on the RBI," said Dr. Singh.

"I am very sorry that the RBI has been exposed to this sort of criticism which I think is fully justified," he added.

The Rajya Sabha earlier witnessed noisy scenes after the Opposition demanded that Prime Minister Modi should be present in the House during the resumed discussion on demonetisation.

Leader of the House Arun Jaitley objected to the decision of the Deputy Chairman to allow the former prime minister to speak during Zero Hour. He said if Dr Singh wants to speak on demonetisation, then the House should resume the discussion. Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi suggested that the House first take up the discussion and then Dr. Singh can participate.

The Lok Sabha also witnessed uproarious scene as soon as Question Hour began. Congress leader Mallikarjun Kharge stuck to his party's demand to discuss the demonetisation issue suspending Question Hour. Later, opposition members including Congress, TMC, SP and NCP trooped into the well shouting slogans, forcing its adjournment. (ANI)

No red tapism, 30 day-deadline for CLUs: Haryana CM

Updated: Jul 26, 2017 23:50 IST     

Haryana [India], July 26 (ANI): In a bid to boost ease of doing business Haryana Government will mandate issuance of changes of land use (CLUs) within 30 days of applying.

Full Story >>

Happy that unnatural alliance came to end: JD(U)

Updated: Jul 26, 2017 23:14 IST     

New Delhi [India], July 26 (ANI): After Nitish Kumar resigned as the Bihar Chief Minister, the Janata Dal (United) (JD(U)) on Wednesday dubbed the grand alliance with the Rashtriya Janata Dal (RJD) as unnatural.

Full Story >>

New Delhi [India], July 26 (ANI): The rigmarole of Bihar politics ceases to come to a stop as Nitish Kumar, who just hours back stepped down as the Chief Minister, is all set to take oath as the CM tomorrow at 5 p.m.

Full Story >>

Amit Shah to contest for Rajya Sabha seat from Gujarat

Updated: Jul 26, 2017 22:45 IST     

New Delhi [India], July 26 (ANI): The Parliamentary board of the Bharatiya Janata Party (BJP) on Wednesday announced that party chief Amit Shah and Union Minister Smriti Irani will contest for Rajya Sabha elections from Gujarat.

Full Story >>

New Delhi [India], July 26 (ANI): Nitish Kumar, who resigned as Bihar Chief Minister earlier in the day, has thanked Prime Minister Narendra Modi for 'congratulating' him after his announcement.

Full Story >>

Bengaluru (Karnataka) [India], July 26 (ANI): Troubles for former deputy inspector general of police (DIG) (Prisons) Roopa do not cease to end as now a legal notice has been served to her by the lawyer of Director General (Prisons) G. Sathyanarayan Rao.

Full Story >>

Mumbai (Maharashtra) [India], July 26 (ANI): Maharashtra Chief Minister Devendra Fadnavis has increased the compensation to the next of kin of those killed in the Ghatkopar building collapse incident to Rs. 5 lakh.

Full Story >>

Patna (Bihar) [India], July 26 (ANI): After Nitish Kumar resigned as Bihar Chief Minister, his grand alliance partner and Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav said the former stepped down fearing his exposure in murder case slapped against him, while also questioning his intent behind the decision.

Full Story >>

New Delhi/Patna (Bihar) [India], July 26 (ANI): Hours after Nitish Kumar resigned as Bihar Chief Minister, the Bharatiya Janata Party (BJP) on Wednesday said that it was not in favour of any mid-term elections even as it continued to keep mum on extending support to the Janata Dal (United) leader.

Full Story >>

BJP extends unconditional support to Nitish Kumar

Updated: Jul 26, 2017 21:28 IST     

Patna (Bihar) [India], July 26 (ANI): The Bharatiya Janata Party (BJP) on late Wednesday evening declared 'unconditional support' for Nitish Kumar, who only a few hours back resigned as the Bihar Chief Minister.

Full Story >>

Surjewala charges Khattar Govt. for diluting RERA

Updated: Jul 26, 2017 21:03 IST     

Chandigarh (Punjab) [India], July 26 (ANI): Senior Congress leader and AICC Media Incharge Randeep Singh Surjewala on Wednesday charged the Haryana Government of betraying the interests of small and medium home owners by diluting the Real Estate (Regulation & Development) Act, 2016 (RERA).

Full Story >>

New Delhi [India], July 26 (ANI): The Congress on Wednesday said it was deeply disappointed with Nitish Kumar's resignation, while also adding that Congress president Sonia Gandhi and vice-president Rahul Gandhi hold him in great respect.

Full Story >>

New Delhi [India] July 26 (ANI): The Centre on Wednesday said that it is open to dialogue with Kashmiri separatist groups provided they eschew the path of violence.

Full Story >>

New Delhi[India], July 26 (ANI): The Congress party on Wednesday rebuffed Bharatiya Janata Party (BJP) leader and Haryana sports minister Anil Vij for his tweet urging the nation to forget Jawaharlal Nehru.

Full Story >>

Nitish's resignation was expected: BJP

Updated: Jul 26, 2017 20:21 IST     

New Delhi [India], July 26 (ANI): After Nitish Kumar resigned as Bihar Chief Minister, the Bharatiya Janata Party (BJP) on Wednesday said the dissonance in the Bihar politics was expected.

Full Story >>

New Delhi [India], July 26 (ANI): The Centre on Wednesday told the Supreme Court that there is a fundamental right to privacy, but is a 'wholly qualified right'.

Full Story >>

New Delhi [India], July 26 (ANI): A Delhi Court on Wednesday ordered that a witness in the 1984 anti-Sikh riots case, Abhishek Verma, shall be provided 24-hour security till he undergoes a polygraph (lie detector) test.

Full Story >>

PM Modi 'congratulates' Nitish on his resignation

Updated: Jul 26, 2017 20:15 IST     

New Delhi [India], July 26 (ANI): Prime Minister Narendra Modi on Wednesday congratulated Nitish Kumar on his resignation as Bihar Chief Minister.

Full Story >>

Patna (Bihar), July 26 (ANI): The dissonance in the Bihar politics came ostensibly to the fore-front when on Wednesday evening Chief Minister Nitish Kumar resigned from his post, thereby, ending the 'mahagathbandhan'.

Full Story >>

Rajnath Singh lauds operations of NDRF

Updated: Jul 26, 2017 18:53 IST     

New Delhi [India], July 26 (ANI): Union Home Minister Rajnath Singh on Wednesday asserted that apart from India, countries like Nepal and Japan have also appreciated the efforts of NDRF (National Disaster Response Force) for its contribution in search and rescue operations.

Full Story >>