Amar Singh supports demonetisation; says proud of PM Modi

Varanasi: Surprisingly, Samajwadi Party (SP) leader Amar Singh was heard praising demonetisation here on Saturday, as he tagged the NDA government's decision as a "courageous" experiment to eradicate black money and corruption from the country.

Singh didn't stop here as he went on saying that he was proud to have Narendra Modi as Prime Minister of India.

The Rajya Sabha member, whose party has strongly opposed the NDA government's November 8 decision of scrapping the high denomination notes of Rs 500 and Rs 1,000, claimed that the move has not only reduced the gap between rich and poor but would also inspire people to pay taxes in place of evading them.

Although, the decision wasn’t implemented with appropriate arrangements, the sudden implementation ensured the black money and unaccounted cash horders couldn't adjust their illicit earnings, added Amar Singh, who shares very close bonding with SP chief Mulayam Singh Yadav.

Dubbing the decision as "courageous" experiment to eliminate black money, corruption and fake currency, Singh said he as "a countryman is proud to have such a Prime Minister who is so dedicated and adamant to root out corruption."

He said that now the black money hoarders are having sleepless nights.

"The people standing in bank queues are lauding the Prime Minister saying that he has punished all who have amassed black money, whether they belong to his own party or others," he said.

People are supporting the decision despite facing some problems as they are saying that government's move would help in curbing corruption, black money and terrorism in the country, added Singh.

"I am not a BJP spokesperson but a SP Rajya Sabha member, whatever the opinion of my party might be on the issue but I have shared my personal view on it," he said.

He, however, showed disappointment over the mismanagement in implementation of demonetisation, saying that he felt pained to the see people suffering due to it.

Singh also raised concern over many companies reducing their staff to cut their cost after demonetisation.