Ratan Tata tells the government to take emergency steps on demonetization

Press Release (ePRNews.com) - INDORE, India - Nov 25, 2016 - Tata Sons Interim chairman Ratan Tata on Thursday suggested the government on demonetization and recommended a series of special relief measures to alleviate the daily hardship faced by the poorer sections of the society.

According to Tata, the present note ban execution is said to be causing great trouble to the common man, especially relating to medical emergencies, major surgical interventions and the procurement of medication at lots of hospitals, specifically in smaller towns across the country. He said, Severe hardship is being caused by the poorer section owing to the shortage of cash to meet the daily household needs for food.

While the government is performing its best to increase the availability of new currency notes, it may also be worthwhile to consider special relief actions similar to those employed at the times of national calamities to serve the poorer section of the population for their daily needs and for making possible emergency medical treatment in smaller hospitals, he said.

He elaborated that such actions will be greatly appreciated by the distressed sections of the population since it would demonstrate that the government cares and is considering the needs of the common man, thereby it help increase their faith in the functioning of the government.

As per Tata, Demonetization of old currency notes by the Modi government is a bold step that will eliminate black money and corruption.

For more updates please visit us at : http://www.pinnaclefinancial.in

Source : Pinnacle Market Investment Advisory

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