India doesn't need PM's tears, but solution to financial crunch: Sisodia

Image
ANI New Delhi [India]
Last Updated : Nov 14 2016 | 12:42 PM IST

Lambasting the Centre's move of demonetisation to curb black money, Deputy Chief Minister Manish Sisodia on Monday said the people of the nation don't need Prime Minister Narendra Modi's emotion but a solution to the ongoing financial crisis.

"The people now don't need the Prime Minister's tears but a solution. The solution is not about the long queues at the ATMs.it's a huge problem. Business is suffering due to this. The farmers cannot cultivate now due to your policies.you will be able to see the result after five to six months in the form of inflation," Sisodia told ANI.

Asserting that the nation has elected him to fight corruption and questioned if he should not do it, Prime Minister Modi turned emotional yesterday and said that he left his home and family for the nation.

The Prime Minister, who was speaking for the first time on demonetisation after announcing the decision on November 8, also used the occasion to hit back at those questioning his bold and effective step to combat corruption and menace of black money.

Silencing his critics, the Prime Minister said in Goa that his decision was not a display of arrogance but aimed at fulfilling the commitments made to the nation.

Earlier on November 8, Prime Minister Modi took a major step and announced demonetisation of Rs. 500 and 1,000 currency notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption.

In his televised address to the nation, the Prime Minister said people holding notes of Rs. 500 and Rs. 1,000 can deposit the same in their bank and post office accounts from November 10 till December 30.

In a press release, the government reassured there is enough cash with the RBI and supply of cash to bank branches and ATMs are being stepped up gradually.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 14 2016 | 12:28 PM IST

Next Story