Demonetisation is a “one-man made disaster”: Mamata Banerjee

Taking a dig at Prime Minister Narendra Modi for his decision to demonetise Rs 500 and Rs 1000 notes, West Bengal Chief Minister Mamata Banerjee on Thursday said the PM "does not trust anyone and he doesn�t understand what is good for the country."

Demonetisation is a “one-man made disaster”: Mamata Banerjee

Taking a dig at Prime Minister Narendra Modi for his decision to demonetise Rs 500 and Rs 1000 notes, West Bengal Chief Minister Mamata Banerjee on Thursday said the PM "does not trust anyone and he doesn’t understand what is good for the country."

"There is no teamwork. He did not consult experts. It is a one-man dictatorship. It is a one-man made disaster. It is a dangerous tendency," she told a press conference at the state secretariat.



Mamata said that in the name of recovery of so-called black money, the ruling party at the Centre has created assets in the form of land, bank deposits, gold, diamond and have become more and more capitalists. “No black money has been recovered. Only white money of the common people has been snatched away.Even no black money has been recovered from foreign countries,” she added.


The chief minister alleged that the country's growth and business have been hit due to demonetisation and the country is passing through an unprecedented financial emergency. “Production has nosedived, agricultural activities have been shattered, buying and selling is down drastically,” she said.

Mamata said that immediate action is necessary to restore the trust and confidence of the people on the banking and financial sector of the country. “People must have hassle-free access to their own money and feel secure that their money is safe with banks and financial institutions,” she added.


Lambasting PM Modi she said if she were the PM, she “would apologise to the people and talked about rectifying myself". “He must step down. He has no moral right to continue,” she said.