Friday, 23 December 2016

Forbes on demonetisation



Forbes magazine slams Modi's demonetisation: Immoral, theft of people's property

Calling it a theft of people's property, Forbes has compared demonetisation with forced-sterilisation drive undertaken by the then Indira Gandhi government during her Emergency regime of 1975-77.

http://chatpatnewz.blogspot.in/2016/12/forbes-magazine-slams-modis.html

Calling India's demonetisation drive as immoral, Steve Forbes, Editor-in-Chief of Forbes magazine, said it also amounted to theft of people's property.
The November 8 move to spike the Rs 500 and Rs 1,000 notes had damaged the Indian economy, future investment and was also an assault on the privacy of common man life by inflicting more state control.
"India's government perpetrated an unprecedented act that is not only damaging its economy and threatening destitution to countless millions of its already poor citizens but also breathtaking in its immorality," the respected magazine said.

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