Demonetisation was a colossal failure: KTR
Hyderabad, Nov 7: Demonetisation was a colossal failure which crippled the growing Indian economy, Telangana Rashtra Samithi (TRS) working president K.T. Rama Rao said on Monday.
“What a colossal failure this Demonetisation was & let’s not forget how it crippled the growing Indian economy,” tweeted the TRS leader.
KTR, as Rama Rao is popularly known, alleged that this “half-baked” idea led to eight consecutive quarters of slowdown, subsequently landing in lockdown in 2020 serving a body blow to the vibrant economy.
KTR, who is also state minister for industries and information technology, was reacting to a tweet by a TRS member P. Vishnuwardhan Reddy.
Reddy posted a media report abou the Reserve Bank of India (RBI) data which reveals that six years after demonetisation, the cash with public increased by 72 per cent from Rs 17.97 lakh crore to Rs 30.88 lakh crore.
“Somebody said give me 50 days, burn me alive if I am wrong,” wrote Reddy, who also posted a newspaper clipping about Prime Minister Narendra Modi’s statement days after announcing demonetisation.
Next Story :
-
Born In A Remote Area, PV Is A Great Leader Who Rose To The Level Of PM: Kishan
![Born In A Remote Area, PV Is A Great Leader Who Rose To The Level Of PM: Kishan]()
Hyderabad, Dec 23 (Maxim News): Union Minister for Coal and Mines, G.Kishan Reddy has praised Bharat Ratna and former Prime Minister PV Narasimha Rao for his outstanding services to the country.
-
ED Notices Likely To KTR Today
![ED Notices Likely To KTR Today]()
Hyderabad, Dec 23 (Maxim News): The Enforcement Directorate (ED) is expected to issue notices today to K.Tarak Rama Rao (KTR), Working President of the BRS in connection with a case related to the Formula-E car racing event.
-
CV Anand Apologizes For Remarks Against National Media
![CV Anand Apologizes For Remarks Against National Media]()
Hyderabad, Dec 23 (Maxim News): Hyderabad Police Commissioner C.V. Anand has apologized. He posted a statement withdrawing his comments to the national media. He said that he lost patience when the national media asked questions about the Sandhya Theater incident.
-
Trade License Fee Should Be Collected By December 31: Commissioner Ilambarthi
![Trade License Fee Should Be Collected By December 31: Commissioner Ilambarthi]()
Hyderabad, Dec 23 (Maxim News): According to the property tax database in the Greater Hyderabad area, a total of 3,17,033 houses are in the non-residential area. However, only 1,09,702 people in the non-residential area have taken trade licenses and paid the fee as of December 19. He said that the remaining non-residential PTI numbers have not…
-
Allu Arjun’s House Attacked: Six Arrested
![Allu Arjun’s House Attacked: Six Arrested]()
Hyderabad: A group of miscreants, claiming to be associated with the Osmania University Joint Action Committee, attacked actor Allu Arjun’s residence, hurling tomatoes on Sunday. Flower pots inside the premises were damaged. The incident has left fans and the local community in shock. Six persons were arrested in connection with the incident.
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
