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Demonetisation a courageous experiment by PM Modi: Amar Singh

india Updated: Nov 26, 2016 13:32 IST
PTI
Demonetisation

Samajwadi Party leader Amar Singh on Friday supported the demonetisation move, but questioned its implementation.(AFP File Photo)

Prime Minister Narendra Modi’s demonetisation move is a “courageous” experiment to eliminate black money, corruption and counterfeit currency, Samajwadi Party (SP) leader Amar Singh said.

Though it was implemented without making “proper arrangement”, but sudden implementation of the move helped preventing “adjustment” of black money and unaccounted cash by hoarders, he said here on Friday.

“As a countryman (I am) proud to have such a Prime Minister who (is) so dedicated and adamant to root out corruption,” he said. “The Prime Minister has punished all who have amassed huge wealth, whether they are from his party (BJP) or others.”

Read | Bihar CM Nitish Kumar supports Modi’s demonetisation drive, disappoints allies

Those who hoarded black money are getting “sleepless nights”, Singh added.

The SP leader said the move has reduced the gap between the rich and the poor, and people would now pay taxes instead of evading it.

“I am not a BJP spokesperson but a SP Rajya Sabha member. Whatever the opinion of my party might be on this issue, but I have shared my personal view on it,” he said.

However, he registered his protest against the mismanagement in implementing the demonetisation, saying he was pained to the see the common people suffering due to it.

Read | Point-counterpoint: What Manmohan, Modi said on demonetisation

“I am not against this scheme, but the government’s failure in making proper arrangement before implementing the scheme has only brought sufferings in the lives of common people,” Singh said.

“What is the purpose of implementing a scheme due to which poor, farmers, small traders and common people have to suffer?”

Singh claimed that due to demonetisation, many companies have started reducing their staff to cut cost.

He also questioned the veracity of findings of the app-based survey conducted by the Modi government on demonetisation, in which a majority of the people allegedly supported the move.

The survey found that even people who were facing problems said they could bear the hardship for a few days and will support the Modi-led government’s demonetisation scheme to curb corruption, black money and terrorism.

Also Read | BJP chief Amit Shah hits out at Opposition for uniting against demonetisation