Tuesday, January 10, 2017

Demonetisation not planned and implemented properly.......

Demonetisation not planned and implemented properly: Puducherry CM at South Conclave

 Questioning the Narendra Modi government over note ban, Puducherry chief minister V Narayanasamy said that demonetisation was 'thinking in right direction' but much more needed to be done. He was in conversation with India Today's Rahul Kanwal at the India Today Conclave South in Chennai.

Narayanasamy said, "I am not against demonetisation. Thinking is in the right direction, but the question is can India do it in one go? Where is the infrastructure? There are just 2.14 lakh ATMs for 130 crore population."

Replying to query about the Centre's push for making Puducherry as the model state for cashless transactions, Narayansamy admitted that there were differences between the home ministry and the Puducherry government.

To push cashless transactions in Puducherry, the home ministry reportedly gave certain directions to the chief secretary of Puducherry via video-conference, to which Narayansamy objected.

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