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GST, note ban broke back of small businesses: Manmohan Singh | India News

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* “November 8(2016) was a black day for our economy and indeed our democracy”, said Singh ahead of the year anniversary of demonetisation

* “Tomorrow we mark one year since the disastrous policy was thrust on the people of our country

* “Nowhere in the world has any nation taken such a drastic step that sweeped off 86% of the currency”

* “I repeat what I said in the parliament, this was organised loot and legalized plunder”

* “This twin blow (demonetisation and the Goods and Services Tax imposition) is complete disaster for our economy, it has broken the back of our small businesses”

* “We had to run for Chinese imports at the cost of Indian jobs”

* “The fear of tax terrorism has eroded the confidence of Indian business to invest”

* “In the first half of 2016-17 India’s imports from China stood at Rs 1.96 lakh crore. In 2017-18 it increased to Rs 2.41 lakh crore”

* “I can proudly say that we lifted 140 million people out of poverty”

* “Unprecedented growth of imports by over Rs 45,000 crore, a 23% increase in a year, can be attributed largely to demonetisation and GST”

* “When undertaking endeavour of one nation-one tax if the PM had taken inspiration from the resolve of great Sardar Patel,the outcome would’ve been different”

* “When undertaking endeavour of one nation-one tax if the PM had taken inspiration from the resolve of great Sardar Patel,the outcome would’ve been different”

* “The bullet train, launched with much fan fare, is an exercise in vanity”

* “Did PM consider alternative of the high speed train by upgrading broad gauge railway?”

* “By questioning bullet trains does one become anti-development? Does questioning GST and Demonetisation make one a tax evader?”

* “This attitude of suspecting everyone to be thief or anti-national, low level rhetoric is damaging to democratic discourse”

(With inputs from ANI)

Updated: November 7, 2017 — 12:37 pm

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