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“Scars Only Getting More Visible With Time”: former PM Manmohan Singh on demonetisation

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Manmohan Singh

Congress leader and former Prime MinisterDr Manmohan Singh today (Thursday, November 8) cautioned Narendra Modi government against “economic misadventures” and urged it to handle economic policy making “with thought and care”.

In a statement on the second anniversary of demonetization, Dr Singh said: “It is often said that time is a great healer. But unfortunately, in the case of demonetisation, the scars and wounds of demonetisation are only getting more visible with time.”

“I urge the government to restore certainty and visibility in economic policies. Today is a day to remember how economic misadventures can roil the nation for a long time and understand that economic policymaking should be handled with thought and care,” said the former prime minister.

Manmohan Singh, calling Prime Minister Narendra Modi’s overnight ban on Rs. 500 and 1,000 notes on November 8, 2016, an “ill-fated and ill-thought exercise”, said “the havoc it unleashed on the Indian economy and society is now evident to everyone.” The cash ban, he said, impacted every single person, regardless of age, gender, religion, occupation or creed.

“Beyond the steep drop in headline GDP growth numbers after demonetisation, the deeper ramifications of notebandi are still unraveling. Small and medium businesses that are the cornerstone of India’s economy are yet to recover from the demonetisation shock,” said the former prime minister, who is a noted economist.

“This has had a direct impact on employment as the economy continues to struggle to create enough new jobs for our youth. The financial markets are volatile as the liquidity crisis wrought by demonetization is taking its eventual toll on infrastructure lenders and non-bank financial services firms. We are yet to understand and experience the full impact of the demonetization exercise. With a depreciating currency and rising global oil prices, macro-economic headwinds are also starting to blow now.”

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Dr Singh, who served as India’s PM for 10 years till his party Congress was voted out of power in 2014, advised that it was “prudent to not resort to further unorthodox, short-term economic measures” that could cause any more uncertainty in the economy and financial markets.

The Congress has said that PM Modi should apologise to the nation for “wrecking the economy and causing its people untold hardships”.

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MDMK ends nine-year alliance with DMK, keeps options open on joining Vijay-led front

MDMK has formally severed ties with the DMK after nine years, while refraining from immediately joining Chief Minister Joseph Vijay’s alliance.

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The Marumalarchi Dravida Munnetra Kazhagam (MDMK), led by Vaiko, has formally ended its nine-year association with the Dravida Munnetra Kazhagam (DMK), marking a significant shift in Tamil Nadu’s political landscape. The decision was taken during the party’s general council meeting held on Friday.

MDMK cites attempts to weaken party

In resolutions adopted at the meeting, the MDMK alleged that efforts had been made to weaken the party within the DMK-led alliance, making it difficult to continue the association. The party also claimed there were attempts aimed at facilitating an AIADMK return to power, allegations that were rejected by the DMK.

Although political observers have speculated about the MDMK moving closer to Chief Minister Joseph Vijay’s Tamilaga Vettri Kazhagam (TVK), the party did not formally announce any alliance with the ruling front. Instead, it said decisions regarding future political alignments would be taken at an appropriate time.

Warm remarks for Vijay government fuel speculation

The MDMK’s resolutions welcomed the state government’s functioning under Chief Minister Joseph Vijay and urged it to remain committed to key promises, including ensuring corruption-free governance and safeguarding Tamil Nadu’s interests on issues such as the Mekedatu dam project. These remarks have intensified speculation about a possible future understanding between the two sides.

The development comes amid broader political realignments in Tamil Nadu following the 2026 Assembly elections, with several parties reassessing their alliances in the changed political scenario.

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Fadnavis, Uddhav Thackeray share Mumbai-Nagpur flight amid Maharashtra political developments

Devendra Fadnavis and Uddhav Thackeray shared a Mumbai-Nagpur flight, drawing attention amid ongoing political developments in Maharashtra.

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Uddhav Thackeray

Maharashtra Chief Minister Devendra Fadnavis and Shiv Sena (UBT) chief Uddhav Thackeray were seen travelling on the same commercial flight from Mumbai to Nagpur, triggering fresh political discussions in the state.

The two leaders, who have remained political rivals in recent years, reportedly exchanged greetings and briefly interacted during the journey. Reacting to the unexpected encounter, Fadnavis remarked that the meeting of the leaders had become the “biggest news of the day”.

Thackeray was accompanied by his son and MLA Aaditya Thackeray, Rajya Sabha MP Sanjay Raut and other senior leaders of the Shiv Sena (UBT). The flight came at a time when Maharashtra politics has witnessed significant developments, including recent defections from the Thackeray-led party.

The shared journey quickly sparked speculation in political circles. However, leaders from the ruling alliance played down the development, describing it as a routine interaction between political opponents rather than an indication of any new political understanding.

While the brief interaction generated considerable attention, no political discussions or meetings beyond customary greetings were officially reported.

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Amit Shah says Centre will amend NDPS Act to tighten crackdown on drug syndicates

Amit Shah said the Centre is relooking the NDPS Act to plug loopholes exploited by narco syndicates and strengthen anti-drug enforcement across India.

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Union Home Minister Amit Shah on Friday said the Centre is preparing amendments to the Narcotic Drugs and Psychotropic Substances (NDPS) Act to close loopholes allegedly exploited by drug trafficking networks and strengthen India’s anti-narcotics framework.

Addressing the 10th apex-level meeting of the Narco-Coordination Centre (NCORD) in New Delhi, Shah said the government is re-examining the existing law and invited states to submit suggestions for the proposed changes. The amendments are being worked on by the Ministry of Finance to make the legislation more effective in tackling organised drug syndicates.

Centre seeks stronger legal framework against narcotics

Shah stressed the need for a tougher approach towards drug traffickers and peddlers, while advocating a compassionate stance towards victims of addiction. He outlined a three-pronged strategy against drug trafficking — “detect, disrupt and destroy” — and urged all stakeholders to intensify efforts against the narcotics menace.

The Home Minister also asked state governments to share suggestions on strengthening the NDPS Act. Directors General of Police have been asked to forward recommendations to the Ministry of Home Affairs, while Chief Secretaries can submit their inputs to the Department of Revenue under the Ministry of Finance.

Seizures of synthetic drugs rise over past decade

Highlighting the government’s anti-drug campaign, Shah said that between 2004 and 2014, around 26 lakh kilograms of synthetic drugs were seized across the country. In comparison, agencies confiscated approximately 1.18 crore kilograms of synthetic drugs between 2014 and 2026.

He further said the estimated value of drugs seized during 2014-2026 stood at around Rs 1.84 lakh crore, significantly higher than the nearly Rs 40,000 crore worth of narcotics seized during the previous decade. According to Shah, these figures reflect the expanded scale and effectiveness of anti-drug enforcement efforts.

The minister also called for real-time information sharing among states through digital platforms developed by the Narcotics Control Bureau and urged authorities to ensure NCORD meetings deliver measurable outcomes. He unveiled the “Vision Document on Drug Control (2026-2029)”, which aims to provide a roadmap for reducing drug demand, curbing supply and minimising harm caused by substance abuse.

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