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Sinha compares Modi to Tughlaq, says demonetisation has failed

Prime News, National (New Delhi), March 20:- Former Union Finance Minister Yashwant Sinha on Monday said demonetisation has “failed comprehensively”, as he compared Prime Minister Narendra Modi to 14th century Delhi Sultanate ruler Muhammad bin Tughlaq.

Speaking on the launch of renowned economist Arun Kumar’s book ‘Demonetization and the Black Economy”, Sinha also noted that the abolition of Rs 1,000 note, which was brought back by him in 2000, “pained” him.

“I felt pained personally. After 1978 demonetisation, I had brought back the Rs 1,000 note that was abolished. I felt as if my child has been killed. Apart from that, in order to clean up, you introduced Rs. 2,000 note?” he said.

The BJP leader, who has been vocally opposing demonetisation but continues to be a part of the party, said that he felt Modi was told demonetisation would fill government coffers.

“My own feeling is that someone told the Prime Minister that if he goes for demonetisation, Rs 3-4 lakh crore will come. It will be a bonanza for the government… that unfortunately did not happen,” he said. (MR, Inputs: Agencies).

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