Demonetisation a failed experiment: Yashwant Sinha
‘A view on present Indian economic condition’
Bengaluru, August 29: Former finance minister Yashwant Sinha opined that the demonetisation introduced by the Narendra Modi government at the centre was a failed experiment due to which unorganized labourers and small industries were affected.
Speaking on ‘A view on present Indian economic condition’, organized by the Rashtriya Nava Nirmana Vedike to mark the 92nd birthday of former chief minister Ramakrishna Hegde, at Bharatiya Vidya Bhavan here on Wednesday, he said that the central government had promised of bringing back the black money by implementing the demonetisation. But after demonetisation, 99.4 per cent of money has returned to the RBI. Then where the black money went, he asked.
During UPA tenure, the loan amount due for banks was Rs 2 lakh crore. But in the Narendra Modi government, it has gone up to Rs 14 lakh crore. Both the RBI and the central government have completely failed to recover the loans availed by the big industrialists and businessmen, he said.
The data of all departments including Finance Department, Labour department and others were not genuine. The central government has tried to manipulate the data and doing politics. The centre has been creating false data on job creation to mislead the people, he said.
Revenue Minister R V Deshpande also spoke on the occasion. Senior journalist Satyanarayan, Vijayamma and Desai were felicitated. Journalist Sugata Srinivasa Raju, Legislative Council Chairman Basavaraj Horatti, Vedike president Mamatha Nichani and others were present.
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RS proceedings adjourned for day amid opposition protest over Adani bribery row, other issues
New Delhi(PTI): Rajya Sabha proceedings were adjourned for the day on Wednesday as opposition members insisted on a discussion on various issues, including bribery charges related to the Adani Group.
The proceedings were briefly adjourned in the morning session due to opposition protest, and when the House re-assembled at 11.30 AM, there were identical scenes.
This prompted Chairman Jagdeep Dhankhar to adjourn the proceedings for the day, saying the "House is not in order".
The trobule started after Dhankhar rejected 18 notices under a rule of the House to suspend scheduled business and take up issues mentioned in the notices.
The notices related to demand for 'constitution of a JPC to investigate the alleged misconduct, including corruption, bribery, financial irregularities of the Adani Group in connivance with other authorities', violence in Sambhal in Uttar Pradesh and rising incidents of crime in the national capital.
"Upper House needs to reflect and follow well-established traditions that ruling of the Chair requires reference and not cause differences. I have, in detail, given reasons why, in these situations, notices are not being accepted," Dhankhar said while rejecting the notices under Rule 267 of the House.
On Monday also, the Rajya Sabha proceedings were adjourned for the day during the morning session itself as opposition insisted on raising the issues related to Adani Group.
There was no sitting of the House on Tuesday.
The Adani Group said on Wednesday that Gautam Adani, and his nephew Sagar have not been charged with any violation of the US Foreign Corrupt Practices Act (FCPA) in the indictment that authorities filed in the New York court in an alleged bribery case.
