 "Former PM Manmohan Singh speaks in the Rajya Sabha in New Delhi (Photo: PTI)")
Noting that former Prime Minister Manmohan Singh's remarks on demonetisation have raised questions over "trustworthiness" of banking system, the Shiv Sena on Monday said Prime Minister Narendra Modi's decision is imposing a "significant cost" on economy and the implementation of the policy has been "absolute mismanagement".
A delegation of Sena MPs today submitted a memorandum to RBI deputy Governor R Gandhi, requesting "active measures" to ease out the "chaos" caused by invalidation of Rs 500 and Rs 1,000 notes.
Sena is a junior alliance partner of the BJP-led governments at the Centre and in Maharashtra.
"We were told that RBI is taking steps to expedite the printing of currency so that there is no shortage of cash flow," Mumbai North East MP Ganjanan Kirtikar told PTI.
Apart from Kirtikar, Rajya Sabha MPs Sanjay Raut, Anil Desai and their Lok Saha counterparts Arvind Sawant, Rahul Shewale were present at the meeting that lasted for over 20 minutes.
Also Read
In the memorandum, Sena MPs referred to criticism of the demonetisation policy by Singh in Parliament.
"Former Prime Minister Manmohan Singh's remarks on the floor of Rajya Sabha give rise to the questions on trustworthiness of the banking system, as he asked government to name any country where people have deposited their money but are not able to withdraw it," it said.
Singh had termed the roll out of demonetisation as "monumental mismanagement".
"The country is increasingly worried about the absolute mismanagement in implementation (of demonetisation) and daily announcements that show chaos. In no other country would such a decision, where citizens are looked down as thieves, be welcomed peacefully. We look forward to seeing the active measures taken by the RBI on easing out the chaos by demonetisation," stated the memorandum.
Sena claimed the declaration to scrap old high value tenders made by Modi last month is "imposing significant costs on economy."
"The costs are becoming apparent, millions standing in queue to withdraw cash, individuals unable to buy essentials, the disruption of small business, trade, agriculture, thus the entire economy has derailed because of the improper and so far failed implementation policy adopted by the agencies.
"The frustration, mental agony and trauma caused to the people, who have been restrained to withdraw their legitimate money from their bank accounts, has resulted in more than 80 deaths till date," it said.
