You are here: Home » PTI Stories » National » News
Business Standard

Demonetisation move 'ill-planned, badly-executed': Maken

Press Trust of India  |  New Delhi 

chief Maken today attacked for "ill-planned and badly-executed" implementation of of high value currency notes and sought an explanation from the Prime Minister about the reasons of problems being faced by common people.

Releasing a on here, he said this thirty-one page document 'Note Pe charcha' (debate on note) "exposes the lies" of the government on

"The value of withdrawn currency is Rs 14.08 lakh crore, which is 86.4 per cent of the total value of Rs 16.4 lakh crore of currency notes in circulation. Stringent limits on withdrawals, long queues outside banks and non-functional ATMs indicate unpreparedness to handle the situation by the Modi government," he said in a press conference.

Maken asserted that "invalidating 86 per cent of country's own currency" will put a "question mark" on the "credibility" of the

Alleging that there is a "big scam" behind as the BJP seemed to have "advance information" about it, he said "some BJP leaders bought land in Bihar before while the West Bengal unit of the BJP deposited money in the banks".

Accusing the government of "misleading" people suffering due to "ill-planned and badly-executed" demonetisation, he said "Modi should explain to the people what are the solutions to their predicament and problems on account of the faulty- executed move."

workers will take out a protest march from Mandi House to Parliament tomorrow as part of their protest against move.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 21:02 IST