2 major avoidable blunders of Modi govt: Demonetisation and hasty implementation of GST

New Delhi, May 7: Former prime minister Manmohan Singh was critical of PM Narendra Modi when he said,"No Prime Minister in our country has used the Office of the Prime Minister to say things about his opponent that Mr Modi has been doing day in and day out. It doesn't behove a Prime Minister to stoop so low and it is not good for the country as a whole as well.Former PM Manmohan Singh addressed a press conference in Bengaluru speaking on a subject he holds sway -- economics.  "The economic management of the Modi government is slowly eroding the trust of the general public in the banking system. Recent incidents which resulted in shortage of cash in many states were preventable.  Two major avoidable blunders of the Modi govt have been demonetisation and hasty implementation of GST. The losses the economy suffered due to these blunders have severely hurt our micro small and medium enterprise sector and have resulted in loss of tens of thousands of jobs.Here are the highlights of his speech:-In fact, the PM was in Davos in the company of Nirav Modi & only a few days later he ran away from the country. That itself is the reflection of sad state of affairs in this wonderland of Modi government: Former PM Manmohan Singh in Bengaluru.- As far as Nirav Modi is concerned, it was obvious that in 2015-16, that something is going around with the affairs of Modi. Yet the Modi government didn't do anything. If blame has to be cast, it has to be on the govt of mandate.-Two major avoidable blunders of Modi govenment have been demonetisation and hasty implementation of GST. Losses the economy suffered due to these blunders have severely hurt our micro small and medium enterprise sector and have resulted in loss of tens of thousands of jobs.-The economic management of Modi government is slowly eroding the trust of the general public in the banking system. Recent incidents which resulted in shortage of cash in many states were preventable.

News24Bureau with Agencies