Singh also slammed bullet train project saying it was an "exercise in vanity" and will "not benefit either 6.5 crore Gujaratis or the nation".
Manmohan Singh criticised the government for an attitude "of suspecting everyone to be a thief or anti-national", and said, "low-level rhetoric is damaging to democratic discourse".
Congress party along with a few other opposition parties have chose to observe 8 Nov as the black day in India.
"Demonetisation has proved to be mere bluster to reap political dividends while the real offenders have escaped". "While denigrating the past, the PM also tends to exaggerate what he will do in the future". The Congress leader also cited both demonetisation and GST as the main cause behind the unprecedented growth of imports, which rose by 23 per cent in a year.
Responding to critics of demonetisation, the Finance Minister said his government did not claim that note ban will put an end to corruption once for all, but it was certain that reducing the circulation of cash in the system had made indulging in corruption a very hard proposition. I remember feeling shocked when I heard the Prime Minister's announcement, and I wondered who advised him to inflict such a reckless step on our nation, and whether any considered thought went into it'. The economist-politician Dr. Manmohan Singh on Tuesday morning reached the poll-bound Gujarat to touch upon various aspects related to note ban as well as the implementation of GST and its impact on the economy. "I repeat, it was organised loot and legalised plunder", Singh said, referring to a similar statement in Parliament past year.
"We know by now that none of the stated objectives of eliminating black money, terror financing and counterfeit currency have been met". But as a responsible government, we never took such a drastic measure because in our reasoned analysis, the costs of demonetisation always exceeded the benefits substantially. "The fact that more than 99 percent of the demonetised currency came back into the banking system has punctured the government's claims", he further added.
These twin blows damaged India's medium and small manufacturing sectors and our businesses had to run to Chinese imports at the cost of Indian jobs, he added.
PM Modi has accused former Prime Minister Indira Gandhi of not going for demonetization when needed, and said he would not have had to carry out the big task if she had taken the step years ago.
Ahead of the first anniversary of demonetisation on Wednesday, the ruling Bharatiya Janata Party (BJP) and the opposition led by the Congress readied for a showdown, arguing their respective cases on the note ban. "In the first half of fiscal year 2016-17, India's import from China stood at Rs 1.96 lakh crore".
Despite his criticism of government's handling of the economy, the former prime minister said he was in favour of the recently announced plan to recapitalise banks.
"Did the Prime Minister (Narendra Modi) stop to consider the wisdom of the Mahatma while asking the RBI Governor to sign on the dotted line [for demonetisation], or while implementing the GST in haste?"
Calling the withdrawing of 86 per cent of legal tender in one single stroke as undemocratic and a coercive move, the former Prime Minister said "the demonetisation was clearly not the solution" to end the menace of black money and tax evasion in India.
Trinamul Congress chief and West Bengal chief minister Mamata Banerjee also hit out at the government, saying demonetisation was a big scam.
Veteran actor Rajinikanth , who is speculated to enter into politics, was also present in the audience. He also added that vernacular newspapers continue to be important even today, as it was back then.
Some Comcast Internet service users around the country have reported outages on Monday, according to multiple reports . Level 3 said it fixed the problem. "Our technicians were able to restore service within approximately 90 minutes".
The local militant has been identified as Waseem Ganaie of Pulwama who joined militancy recently (19.08.2017). Lance Naik Vikram Paul Singh was also killed during the gunfight, while a civilian suffered a bullet injury.
In addition, Hamas is believed to be holding three Israeli civilians who scaled a border fence and entered Gaza . Netanyahu stated during an event in Migdal HaEmek that the government has a duty to protect Israel.
Hina Khan and Zubair Khan once told about Bandgi and Sabyasachi that they are having the fake relationship with Puneesh. She reveals how Vikas played smart but going forward Shilpa turned out to be smarter, but then in the end both failed.
That compares to consensus estimates from Thomson Reuters that called for $1.49 in EPS on revenue of $46.17 billion. Brinker Capital Inc increased Cvs Health Corp (CVS) stake by 23.38% reported in 2017Q2 SEC filing.
Turkish President Recep Tayyip Erdogan accuses Mr Gulen of instigating the unrest - a charge the cleric denies. The US worker was held over suspected links to a cleric blamed for last year's failed coup in Turkey.
According to sources, during a round of golf with professional golfer Hideki Matsuyama, Abe sank his tee shot on the eighth hole. Delury said, with Pyongyang quiet, USA military maneuvers risk putting Washington in the role of provocateur.
However, Joseph did not declare a starter for Sunday night against the Patriots at Sports Authority Field at Mile High Stadium. He saw action in three games, going 49 of 83 for 497 yards, two touchdowns and an interception.
A couple of interesting factoids have surfaced today about the price of the OnePlus 5T and where OnePlus will announce the phone. The camera is likely to come as a major boost to its technology, as the new Huawei Honor 9i boasts a brand new front dual-setup.
Kim Jong-nam murder: New North Korea suspects named
Despite the mounting evidence, however, it seems North Korean officials are maintaining the government's innocence. Prosecutors told the court the actions of Siti Aisyah and Doan showed that they meant to cause Jong Nam's death.
Conte triumphs as key figure at Chelsea resigns
Director Marina Granovskaia said: "We are extremely grateful to Michael for his tireless work over the past 10 years". We will now be reviewing our management structure, and Michael will be a part of that process as we look ahead'.
Woman Fired for Photo of Her Giving Trump the Finger
Though different, all three instances highlight the same fact: Political speech in or out of the office can get you fired . Last week, a photograph of cyclist, Juli Briskman , went viral, and this week, that same photograph cost her her job.
Elliott, Cowboys top Hill TD to beat Chiefs
Elliott's lawyers and the NFL Players Association could ask for further litigation if the decision does not go in their favor. Court of Appeals for the 2nd Circuit rules on whether he deserves an injunction as the merits of the case are determined.