DeMo total failure: Sinha

New Delhi, March 19

Former Finance Minister Yashwant Sinha today said when Rs 1,000 note was demonetised, he felt like his child had been killed.

At the launch of “Demonetisation and the Black Economy” by Arun Kumar, first book on the impact of demonetisation in India, Sinha said PM Narendra Modi’s November 8, 2016, move had failed comprehensively to meet any of the state objectives of purging the economy of black money, ending terrorism and ending corruption. “Seventeen months down the line we can conclude note ban as an economic measure has failed comprehensively. The success of a move is judged in context of its goals. PM had said the move was meant to fight graft, black money, fake notes and terrorism. Not a single objective has been met,” he said. — TNS