Oppn irked as Modi seen, not heard, in House Cash crunch hits small busi­nesses in Ma­ha­rash­tra

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Cor­re­spon­dent letters@hin­dus­tan­times.com Ke­taki Ghoge ke­taki.ghoge@hin­dus­tan­times.com

Prime Minister Naren­dra Modi at­tended the Lok Sabha on Wed­nes­day after skip­ping Par­lia­ment for five days but his pres­ence failed to break an im­passe over the re­call of high­value ban­knotes as the Op­po­si­tion in­ten­si­fied its protests in­side the House and out­side.

Govern­ment sources said Modi could at­tend the Ra­jya Sabha on Thurs­day to turn the ta­bles on the Op­po­si­tion that has stalled pro­ceed­ings of the win­ter ses­sion over his ab­sence from the Up­per House. The Op­po­si­tion has ac­cused the BJP-led govern­ment of un­leash­ing “fi­nan­cial an­ar­chy” by scrap­ping the old `500 and `1,000 ban­knotes, leav­ing mil­lions lin­ing up at banks and ATMs for a fort­night.

The Prime Minister has de­fended the move on sev­eral oc­ca­sions, ac­cus­ing crit­ics of back­ing the shadow econ­omy that his govern­ment has vowed to stamp out.

“He (Modi) can go to a pop con­cert and speak, but (can­not come PM Modi was present in Lok Sabha briefly dur­ing Ques­tion Hour amid Op­po­si­tion’s de­mand that he speak on the cash chaos.

when) 200 MPs of Op­po­si­tion are stand­ing here de­mand­ing his pres­ence,” Congress vice-pres­i­dent Rahul Gandhi said ear­lier in the day, mock­ing the PM’s ad­dress to an au­di­ence at a per­for­mance by Bri­tish rock band Cold­play in Mum­bai on Satur­day.

From engi­neer­ing to elec­tron­ics and lo­gis­tics to gar­ments, the smaller units spread in the out­skirts of the coun­try’s fi­nan­cial cap­i­tal in Thane, Bhi­wandi, Ul­has­na­gar are wak­ing up to re­alise that the cash crunch is go­ing to hurt the busi­ness, which could take at least an­other six months to re­cover.

The story in Wa­gle es­tate, for­merly one of the largest in­dus­trial en­claves in Asia, is repli­cated in most of such small and medi­um­sized en­ter­prises (SMEs) clus­ters across the state that houses over 1.62 lakh such units.


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