Ratan Tata’s sincere advice to govt on demonetisation hassle

The statement goes onto say demonetisation implementation is causing great hardship to common man, particularly medical emergencies

By: Express Web Desk | New Delhi | Updated: November 24, 2016 7:44 pm
Ratan tata, Demonetisation, Tata demonetisation, Ratan tata demonetisation, Ratan Tata cash ban Ratan Tata in Mumbai on Tuesday. (Source:: Express photo by Ganesh Shirsekar)

Tata Sons interim Chairman Ratan Tata on Thursday gave his point of view on demonetisation and how it can be implemented better. In a statement released on Twitter, Tata has suggested that the government consider special relief measures. “While Govt is doing its best to increase availability of new currency, it may be worthwhile to consider special relief measures similar to those employed at times of national calamities to serve poor for their daily needs and for enabling emergency medical treatment,” he said.

The statement goes onto say demonetisation implementation is causing great hardship to common man, particularly medical emergencies. “It’s causing hardship especially in medical emergencies, major surgical interventions and the procurement of medication in smaller towns across the country. Hardship is also being experienced by the poorer people due to the shortage of cash to meet the daily household needs for good.”

ALSO READ: Ratan Tata calls demonetisation a ‘bold act’

Tata added that such emergency measures will be greatly appreciated by the distressed segment of the population as it would exhibit that the government cares and has not forgotten the needs of common man at this moment of transition during the implementation of such an important demonetisation program.

Ratan Tata had previously too showed support for the demonetisation move along with other businessmen. Tata, who recently replaced Cyrus Mistry as the Chairman of Tata Sons, in his latest tweet lauded the government’s decision to demonetise high value currency notes saying it will wipe out corruption. “Demonetisation of old currency notes by the Modi government is a bold act that will wipe out black money and corruption. It deserves our support,” Tata had tweeted.

Prime Minister Narendra Modi had on November 8 announced the decision to demonetise currency notes of Rs 500 and Rs 1000, leaving all Indians surprised. While many saw it as Modi’s masterstroke against black money and corruption, other thought it was a big blunder by the government. The move was aimed at curbing black money, check circulation of fake currency and terror funding. Following the announcements, long queues have been seen outside banks for exchanging and depositing the old currency.

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  1. K
    Karunakaran
    Nov 24, 2016 at 4:06 pm
    India will rise against RSS puppet in power.
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    1. P
      Pat
      Nov 24, 2016 at 5:49 pm
      Tata has done a lot for the country no political party or politician or person. He should be the next Pm a true patriot. Dr. S.swamy, or Mr. Parrikar, are true nationalists. Congress is a garbage party in sync with enemy.
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      1. A
        Anuradha Kalhan
        Nov 24, 2016 at 9:54 pm
        Why and What is Tata saying? How can demonetizing in 2016 wipe out corruption in 2017? You can give and take a bribe in 2000 rupee notes !
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        1. B
          Bijay
          Nov 24, 2016 at 2:15 pm
          Appreciate the views by Mr. Ratan Tata.I am sure Govt must be seeing these suggestions and must use its wisdom in considering the suggestions by eminent personalities. While the intention of the Govt is very good, mitigation as a result of fallout also need to be addressed as aggressively as implementing the demonetization step.
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          1. M
            Manjari
            Nov 24, 2016 at 6:31 pm
            A person who has such a big ego, fires a group chairman uncermoniously, has no corporate governance or ethics, advising the Govt...wow..... you lost our trust Mr Tata....You have no right to speak...now we all know how you built the tata empire...please be quiet and mind your own busines
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            1. C
              chinnar
              Nov 24, 2016 at 4:34 pm
              leader shut your an get out yaar , this our nation mind your speech,
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              1. D
                Damodar
                Nov 24, 2016 at 3:49 pm
                Mr. Nair:lt;br/gt;lt;br/gt;Get some basic education in democracy. Criticizing unjust government policies is a fundamental right of every Indian, guaranteed by the consution. Modi may be a nice person. But, his demonetization policy has crippled the economy, brought hardship to all the citizens, and utterly failed to stop on-going, rampant corruption in India.
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                  manian
                  Nov 24, 2016 at 2:07 pm
                  In emergencies involving bonafide poor people govt can pay their bills,distribution of rations in remote areasand make trasport free for a limited period.
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                    paul
                    Nov 25, 2016 at 12:15 am
                    Tata needs Modi's help as many enies like L.I.C have significant stake in Tata and could force him out.It is this reason that he has met FM multiple times after Nov 8.
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