Mumbai/Hyderabad: The note ban is an unguided 'missile' fired 'unilaterally' without adhering to democratic norms, Nobel laureate Amartya Sen said during a talk in the city on Saturday, severely criticising the NDA government which was also targeted by former Union Minister and eminent journalist Arun Shourie who said the stick is being wielded here when black money is lying in foreign shores.

Sen also described demonetisation as a 'despotic action' which was taken in a hurry while Shourie said people do not know whether or not demonetisation would help control black money.