Demonetization, a negative impact

Demonetization, a negative impact

We can still recall Dr Monmohan Singh, the erstwhile Prime Minister's explosion in the Rajya Sabha against the decision of demonetization of the high currency notes, terming it as a 'monumental failure' in his inherent sober tone. Dr. Singh, himself a reputed economist, could draw accolades not only from all the opposition parties but also some members of the treasury bench. Another report in the printing media suggests, the 'All India Manufactures' reports to proffer a negative impact of the decision for demonetization which suggests that as a result of the demonetization 70% employment sources decline apart from a revenue loss of 50%. The reports further let us know that up to March the economy of the tion will suffer adversely. It now seems that the positive aspects of the demonetization as claimed by the ruling dispensation in the centre are far below the negative ones. We feel, rendra Modi, our Prime Minister should take certain concrete steps to do away with the negative aspects before long.

Ashok Bordoloi,

Dibrugarh.