NEW DELHI, Nov 24 (Agencies) : Former Prime Minister Manmohan Singh on Thursday said that he doesn't disagree with the government's objectives of acting against black money and terrorism, but there has been "monumental mismanagement" in implementation of demonetisation.Speaking in the Rajya Sabha in the presence of Prime Minister Narendra Modi, ex-PM Manmohan Singh asked the government to come up with constructive proposals to implement the demonetisation.

Highlights of the speech:

Those who say demonetisation is good in the long run should recall quote "In the long run we are all dead".

GDP can decrease by up to 2 percent point due to demonetisation move.

Cooperative banking sector which is serving large number in rural sector is not operational.

I want to ask PM that can he name any country where people have deposited their money but are not able to withdraw it.

PM said wait for 50 days but for the poor section even 50 days can be detrimental.

55% people are in the agricultural sector are badly affected.

60-65 people have lost their lives, what has been done can weaken our people's confidence in currency and banking system.