Demonetization causing great hardship, Govt should consider relief measures for poor: Ratan Tata

Recently, business honcho Ratan Tata had supported demonetization and called it a 'bold move that would wipe out black money and corruption'. The Tata Sons chairman took to Twitter to share his thoughts about the implementation, noting that it was causing 'great hardship to the common man'. He added that the government ought to consider relief measures similar to those employed at times of national calamities. 

He wrote: "The present note ban implementation is said to be causing great hardship to the common man, particularly relating to medical emergencies, major surgical interventions and procurement of medication at many hospitals in smaller towns across the country. Hardship is also being experienced by the poorer people due to shortage of cash to meet the daily household needs for food. While the government is doing its best to increase the availability of new currency notes, it may be worthwhile to consider special relief measures similar those employed at times of national calamities to serve the poorer segment of the population for their daily needs and for enabling emergency healthcare/ medical treatment in smaller hospitals.  Such emergency measures will be greatly appreciated by the distressed segment of the population as it would exhibit that the government cares and has not forgotten the needs of the common man at this moment of transition during the implementation of such an important demonetization program."

Demonetisation of old currency notes by the Modi govt is a bold act that will wipe out black money and corruption. It deserves our support

— Ratan N. Tata (@RNTata2000) November 22, 2016

Some further thoughts on implementation of demonetization program. pic.twitter.com/RZdicKvFS7

— Ratan N. Tata (@RNTata2000) November 24, 2016