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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SC judges to make their assets public, amid row over cash at Justice Yashwant Varma’s house: Report
New Delhi: The Supreme Court judges have reportedly agreed to disclose their assets to the public by publishing the same on the top court's website.
The decision was taken recently at a full court meeting and a resolution in this regard was adopted which will apply to future judges as well, as reported by Bar and Bench on Thursday.
A copy of the resolution is yet to be made public.
According to the report, the decision was taken in the wake of recent controversies surrounding opacity in the functioning of the judiciary, especially after a huge pile of cash was allegedly discovered at the residence of Justice Yashwant Varma, currently a judge of the Allahabad High Court.
The publication of assets on website was not mandatory earlier but was discretionary subject to whether an individual judge wanted to do the same, the report added.
