Popular Magazine, Forbes made sensational comments on Narendra Modi’s demonetisation. Forbes’ Editor in Chief, Steve Forbes slams Modi’s demonetisation calling it ‘immoral’, which is nothing but theft of people’s property.
Steve also compared demonetisation with that of the ‘Forcible Family Planning Operations’ imposed by Indira Gandhi, during 1975-1977. He also added that note ban is an economic catastrophe that damages investments along with damaging economy.
In the editorial, Forbes also said that this move by the government will harm the citizens and set a dreadful example to the world. He added the government must find ways to slash income and business tax rates and attempt to make rupee as strong as the Swiss Franc.
“Terrorist activities can’t be stopped by a currency change. As far as the digitization is concerned , it will happen in its own good time a simple. Low-rate tax system will make it easy to do business legally”, says Forbes.
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