On the sidelines of Indo-Myanmar-Thailand Friendship Car Rally in Uttar Pradesh, UP Chief Minister Akhilesh Yadav made a controversial remark when he said that economists were of the opinion that black money helps Indian economy in times of recession.
“I am very clear on this…black money should not be generated. Economic experts say the magnitude of the global economic crisis at times is not felt in India because of strong (parallel) economy of black money.”
He though made it clear that he is opposed to the idea of black money and doesn’t want to do anything about it.
Akhilesh’s remark has now started a huge controversy as it comes in the wake of government’s sudden decision to demonetize Rs 500 and Rs 1000 notes so as to put a stop to black money in the country.
The decision though supported by many has resulted in serpentine queues outside banks and ATMs with people standing in lines for hours a day outside the bank.
Akhilesh too has criticised this and taken a swipe at the BJP government by saying that the masses have always shown the door to whichever government has troubled the poor and “this government has caused immense pain to commoners.”