President has shown truth to PM Modi: Congress

President Pranab Mukherjee earlier in the day said that the demonetization move, while immobilizing black money and fighting corruption, may lead to temporary slowdown of the economy.

By: ANI | New Delhi | Published: January 5, 2017 11:19 pm
demonetisation, pranab mukherjee, congress, president demonetisation remarks, narendra modi, prime minister demonetisation, randeep singh surjewala, demonetisation consiquences pranab mukherjee, congress national spokesperson, old notes exchange, demonetisation modi, india news, indian express Congress spokesperson Randeep Singh Surjewala. (File photo.)

The Congress Party on Thursday said President Pranab Mukherjee’s remarks on demonetisation have shown the truth to Prime Minister Narendra Modi over his decision. “President of India has now spoken, will Modi ji listen and will Modi ji leave his arrogance of power and recoup the losses?,” Congress spokesperson Randeep Singh Surjewala told ANI. “Head of the family gives lessons to truant child, that is the kind of lesson President of India has given,” he added.

Watch: President Pranab Mukherjee Warns Modi Government Regarding Demonetisation

President Pranab Mukherjee earlier in the day said that demonetization move, while immobilizing black money and fighting corruption, may lead to temporary slowdown of the economy.

The President was delivering the New Year message to the Governors and Lt. Governors of states and Union Territories through video conferencing from the Rashtrapati Bhavan.

President Mukherjee said the government has to be extra careful to alleviate the suffering of the poor which might become unavoidable for the expected progress in the long term.

“While I appreciate the thrust on transition from entitlement approach to an entrepreneurial one for poverty alleviation, I am not too sure that the poor can wait that long,” he said.

He said the poor needs help, so that they can also participate actively in the national march towards a future devoid of hunger, unemployment and exploitation.

He added that the recent package announced by the Prime Minister will also provide some relief.

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  1. G
    Gopalakrishnan Nair
    Jan 6, 2017 at 7:14 am
    The hon.President of India has appreciated demonitisation but reminded Govt the real set backs terpretation of his speech by Congress is below standard.The return of 97% notes contains notes saved as black money.People preferred to return it in to banks instead of destroying.It is the duty of the Govt and govt departments to scrutinise high value and suious transaction and recover tax penalty.If this is properly done lot of black money will be removed from System and enormous amount will be received as revenue.Govt failed to provide sufficient notes for replacement of devalued notes creating difficulty for public.Some bankers colluded with people in whitening black money,otherwise bankers have done good work .RBI was a total failure.
    1. Diego Monteiro
      Jan 6, 2017 at 1:48 pm
      If the President did in fact say that, it is nothing that we did not know. It is the obvious: no pain no gain. I have not been a Modified supporter but you gotta admit that the man has balls to implement something of this magnitude and;br/gt;Those that want to find fault with Modi and the BJP will continue doing so even if he walks on water.
      1. G
        g narayanan
        Jan 5, 2017 at 7:12 pm
        there is no such remark by the President against the pm