Monday, March 16, 2020

demon blunder admitted - in private

Two somber reasons for closure of small scale units are demonetization and  sloppy GST.

The word 'demonetization' was not even mentioned - in the  two hours and more, of budget presentation. It was a blunder; and they feel guilty. They knew it was a wrong decision. It  yielded horrible results.

Hundreds of thousands of small units went out of business. Lakhs lost employment. The present government knows this.

And Hindu Peoples' Party's  Parliament members and ministers admit it -  in private. Say it should never have been done.

-  P Chidambaram, former Federal Minister, Finance.       News 7 , Tamil 
at

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