Govt. should work on loop holes of demonetisation policy: Amar Singh

Asserting that the Samajwadi Party is against black money, party's general secretary Amar Singh on Friday urged the government to work on the loop holes of the demonetisation policy.

Questioning the unpreparedness of the Centre, Singh said the weak implementation of demonetisation is causing hindrances.

"We are against black money; we are only questioning the unpreparedness of the government and the weak implementation of the demonetisation policy. And that the government should work on the loop holes," said Singh.

Uttar Pradesh Chief Minister Akhilesh Yadav earlier in the day ridiculed Prime Minister Narendra Modi's demonetisation drive and dubbed the policy as a disaster.

Addressing a press conference here, Akhilesh said that the Centre was unprepared, adding the implementation was so weak that the ATM machines could not accept the new currency.

Highlighting the plight of farming community, the Chief Minister urged the Centre to eliminate farmers from the purview of the demonetisation drive.

"Farmers are in crisis. This is not a natural disaster but one created by the Central Government. The ATM machines were not prepared to accept the new notes. How will the people of the nation accept them?" he said in a sarcastic tone.

"Somehow the UP Government facilitated farmers last year without the help of Centre and now when we were expecting that something good will happen, the Centre came out with this policy. Our party has urged that the farmers at least should not be brought under the umbrella of this new policy," he added.