Thiruvananthapuram: Kerala Governor P Sathasivam on Thursday termed demonetisation by the Centre as one of the most devastating catastrophes in India's financial history.
Criticising the Centre for not putting in place a system to replace the scrapped currency, he called the measure “ostensibly” put and “bandied about as a means to flush out black money in circulation”. He said the move was an “ill-conceived decision”.
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