Demonetization hasty decision: Tejaswi Yadav

Bs_logoImage
Press Trust of India Varanasi
Last Updated : Nov 11 2016 | 12:57 AM IST
Deputy Chief Minister of Bihar Tejaswi Yadav today said the Centre made a "hasty" decision to demonetize the currency which has severely affected the day-to-day activities of the common people.
He said the Union government should have made proper arrangements before announcing scrapping of Rs 500, Rs 1000 notes.
The RJD leader, however, said his party supports "all the decisions that are taken to check the flow of black money and fake currency in the market and corruption".
"The decision has been taken in haste. It has led to a lot of inconvenience. People are unable to carry out their day-to -day activities. The Centre and RBI should have made all arrangements keeping in view the problems to be faced by the public," he said.
"There are long queues at ATMs, bank branches, petrol pumps, medical services have been hit, traveling by bus and trains has become difficult, small shopkeepers are unable to carry out their business," Yadav said and questioned the timing of the announcement, saying it has been made just a few months ahead of the Assembly elections in Uttar Pradesh and Punjab.
He asked why Modi made the announcement after two-and-a-half years of becoming the Prime Minister and what is the BJP government doing to bring back the black money stashed abroad?
He alleged that BJP also politicized the issue of "surgical strikes" by the army against on terror launchpads in PoK and said it will bite the dust in Uttar Pradesh like in Bihar".

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 11 2016 | 12:57 AM IST