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Demonetisation disaster hurt economy severely: Stalin

IANS  |  Chennai 

M.and PMK Founder on Thursday criticised the for demonetising the Rs 500 and Rs 1,000 rupee notes in 2016.

In a tweet M.termed the demonetisation as "one man made disaster for India".

On November 8, 2016, in a television broadcast announced demonetisation of Rs 500 and Rs 1,000 rupee notes.

In his tweet Stalin said: "People were brought on streets with their money declared illegal. Indians stood in endless lines and many died outside banks, millions of jobs were lost, small industries shut and the economy hit irreversibly."

On the other hand, Ramadoss said of not only demonetising Rs 500 and Rs 1,000 rupee notes but also of hurting the economy severely.



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

First Published: Thu, November 08 2018. 15:04 IST