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RE: Impact of Demonetisation on Microfinance Sector

in #money7 years ago (edited)

Excellent article once again. You have quoted Sitaram Yenchury, but still not blamed the government, i would say that was diplomatic of you and I respect your decision. But, i feel free to criticise the government. When it came to demonetization the government should have been able to replace the currency in limited period of time, the government had not prepared and ended up messing the whole process. Same with GST, the implementation was hasten and then, total of seven amendments were issued. Notifications and Clarifications were also order of the day and still the confusion prevails. The mis-management of the economy by this government is evident and therefore, people like Subramanian Swamy, Yashwant Sinha and Arun Shourie have been critical of the government. These are BJP's own people. Instead of answering points they have raised all types of allegations were made against them. To qoute Economist Prabhat Patnaik "demonetization and GST not only damaged the informal sector but, its multiplier effect has also damaged the formal sector". Hope the government leaves its stubborn attitude and now atleast makes a proper effort to improve the economy.

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