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Tag Archives: Economy & Policy

Manmohan Singh trashes Modi’s cash crackdown as ‘organised loot’

Former Prime Minister Manmohan Singh, in the Rajya Sabha on Thursday, said demonetisation of Rs 500 and Rs 1,000 currency notes was a “monumental management failure” and “organised loot and legalised plunder”. Singh, also a former Union finance minister and Reserve Bank of India (RBI) governor, said the decision would result in erosion of gross domestic product by two percentage ... Read More »