Govt failed to solve unemployment problem, says AIADMK

The AIADMK said the Central government failed to address the unemployment problem and also attacked it over demonetisation and implementation of Goods and Services Tax (GST).

Participating in the discussion on interim budget in Lok Sabha, Thambidurai, AIADMK leader and also the Deputy Speaker, said the Centre is yet to release more than Rs 10,000 crore in arrears to Tamil Nadu.

With the GST, money has been taken away from states, Thambidurai said and urged the government to release the arrears.

In cooperative federalism system, the Centre should respect the feelings of the states, he noted. He wondered what has been achieved by demonetisation and said that "most small businesses" were completely affected.

Demonetisation completely destroyed the informal industry, he alleged.

In November 2016, the government had cancelled old Rs 500 and Rs 1,000 currency notes as legal tenders.