Amar Singh hails Centre's demonetisation move

Image
Press Trust of India New Delhi
Last Updated : Nov 11 2016 | 9:57 PM IST
Taking a stand contrary to his party's official line on the Centre's demonetisation move, Samajwadi Party leader Amar Singh today said whenever a new system takes birth, it creates temporary problems.
"Prime Minister Narendra Modi is gradually proving to be correct...Whenever a new system takes birth, there is inconvenience...People opposed economic liberalisation. Subsequently, it proved to be good for the country," he told PTI.
Singh made it clear that he was making these remarks in his personal capacity and not as a leader of the ruling Samajwadi Party in Uttar Pradesh.
He said a raid in Rajasthan where large sum of money was allegedly recovered proved that "people in establishment were in connivance with those hoarding cash and the Prime Minister was forced to take such a step".
SP supremo Mulayam Singh Yadav, however, had yesterday said the "sudden ban" on high denomination notes of Rs 500 and Rs 1,000 showed that the NDA government did not keep the plight of people in mind and took the decision with an eye on Assembly elections.
While Amar Singh said that he supported the ban on high denomination notes, he distanced himself from a video posted on social media, where a man standing next to him is seen using abusive language against the Prime Minister while slamming the demonetisation move.
The SP general secretary said the man has committed cyber crime by using the former's face to attack the PM. He said the man met him at a hotel lobby and requested for a selfie, but started using foul language.
Singh said the portion in the video where he is objecting to the language has not been shown.

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 11 2016 | 9:57 PM IST

Next Story