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Demonetisation a reckless step, organised loot, says Manmohan Singh

Hitting out at the government over the rollout of the Goods and Services Tax, Singh said compliance requirements under GST had become a nightmare.

Press Trust of India  |  Ahmedabad 

Former prime minister Manmohan Singh. Photo: PTI
Former prime minister Manmohan Singh. Photo: PTI

Describing the BJP-led government's exercise as a reckless step, former Prime Minister today said scrapping higher value currency notes was organised loot and legalised plunder.

None its objectives were achieved, Singh said during an interactive session on the current state of the economy with businesspersons and traders.


"was organised loot and legalised plunder," he said during his visit to poll-bound Gujarat.

Hitting out at the over the rollout of the Goods and Services Tax, Singh said compliance requirements under had become a nightmare for small businesses.

He also criticised the Centre's ambitious Ahmedabad- bullet train project and dubbed it an exercise in vanity.

Singh's visit comes a day before vice president is likely to tour Surat on the anniversary of the government's announcement of the exercise.

Opposition parties are observing 'black day' tomorrow.

First Published: Tue, November 07 2017. 13:27 IST
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