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