Demonetisation has no effect on black money-holders: Mulayam Singh Yadav | india-news | Hindustan Times
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Demonetisation has no effect on black money-holders: Mulayam Singh Yadav

india Updated: Dec 07, 2016 19:33 IST
PTI
Demonetisation

Samajwadi Party chief Mulayam Singh Yadav addresses a rally in Bareilly.(PTI Photo)

Claiming that demonetisation has impacted traders, farmers and the poor, Samajwadi Party supremo Mulayam Singh Yadav said on Wednesday that it has had no effect on those keeping black money.

“The Centre’s demonetisation move was not well executed and no preparations were made for it. There is no money in ATMs. People are standing in queues throughout the day. Traders, farmers and poor are feeling its adverse effect,” he said at a party rally in Bareilly.

The people of the state will give them a befitting reply during elections, he said, adding: “Demonetisation has had no effect on those keeping black money.”

After the Ghazipur rally, Uttar Pradesh chief minister Akhilesh Yadav was not present in this rally too.

Mulayam praised performance of the present government, saying “historic works were done in the present regime” and added that while “Congress and BJP were taking country backward, SP government is following the path of development”.

The SP supremo also praised former ministers sacked by CM Akhilesh and said they were doing good work.

SP state president Shivpal Yadav also addressed the rally.