Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

Demonetisation Destroyed Informal Industry: AIADMK Says Govt Failed to Address Unemployment Too

AIADMK leader said the Centre is yet to release more than Rs 10,000 crore in arrears to Tamil Nadu.

PTI

Updated:February 11, 2019, 7:05 PM IST
facebookTwitterskypewhatsapp
Demonetisation Destroyed Informal Industry: AIADMK Says Govt Failed to Address Unemployment Too
File photo of AIADMK leader M Thambidurai along with party MPs. (PTI)
Loading...

New Delhi: The AIADMK on Monday said the central government failed to address the unemployment problem and also attacked it over demonetisation and implementation of Goods and Services Tax (GST).

Participating in the discussion on interim budget in Lok Sabha, Thambidurai, AIADMK leader and also the Deputy Speaker, said the Centre is yet to release more than Rs 10,000 crore in arrears to Tamil Nadu.

With the GST, money has been taken away from states, Thambidurai said and urged the government to release the arrears.

In cooperative federalism system, the Centre should respect the feelings of the states, he noted.

He wondered what has been achieved by demonetisation and said that "most small businesses" were completely affected. Demonetisation completely destroyed the informal industry, he alleged.

In November 2016, the government had cancelled old Rs 500 and Rs 1,000 currency notes as legal tenders.

"The government has failed to solve unemployment problem," Thambidurai said, adding that the MNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) was not being implemented properly.

Dubbing the interim Budget as an "election manifesto", he said that if the government was sincere, then it would have announced various measures last year itself.

The interim Budget is a missed opportunity, he added. While the intentions have been good for various initiatives, including Make In India, the government has not

achieved many things, he said.

Thambidurai also flagged concerns about funds not being increased for MPLAD (Member of Parliament Local Area Development) despite requests.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results