Manmohan Singh: ‘I’ll considered demonetisation’ was a wrong decision

Manmohan Singh: ‘I’ll considered demonetisation’ was a wrong decision

Unemployment high due to BJP's 'ill considered' demonetisation: Manmohan  Singh

On Tuesday, Prime Minister Dr Manmohan Singh said the decision taken by BJP-led government in 2016 of the “I’ll considered demonetisation decision” has led to high unemployment.

He also said that regular consultations with the states are not being held by central government.

He made these comments while inaugurating a development summit virtually organised by the Rajiv Gandhi Institute of Development Studies.

Record Unemployment Fuels Depression & Loss of Identity | Live Science“Unemployment is high and the informal sector is in shambles, a crisis precipitated by the I’ll considered demonetisation decision taken in 2016”, he said at “Pratheeksha 2030.”

The summit was organised to launch a Vision document in Kerala before the state elections.

“Federalism and regular consultation with states, which was the cornerstone of India’s economic and political philosophy as enshrined in the Constitution, no longer finds favour with the present Central government,” he said.

Singh said that other sectors also need strong attention in the future as Kerala`s social standards are high.

“There are many roadblocks ahead that the state has to overcome. The global downturn of the last two or three years, aggravated by the pandemic, has made the global interface of Kerala more fragile.”

CT loses eligibility for high extended federal unemployment benefits“While the increased use of digital modes of work may keep the IT sector afloat, tourism has been hit badly and the rate at which the pandemic is galloping in Kerala poses challenges for this industry”, Singh said.

Singh said that the focus on education and health has allowed Kerala to take job opportunities in the country and rest of the World.

“In the midst of all the gloom, I see the UDF’s steadfast adherence to planned growth with a clear sense of direction and concern for the common man a beacon of hope, not only for Kerala, but for the whole country”, he said.

“When I presented the national budget in 1991 as Finance Minister, I quoted Victor Hugo, who had said, “Nothing is more powerful than an idea whose time has come.” I get the feeling that the unanimity and clarity displayed by the UDF on the road ahead will lead to Kerala’s idea moment arriving this year”, he said.

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