AWS cloudformation: Unable to delete a stack

I have created a simple cloudformation

Resources:
  MyNewEC2Instance:
    Type: AWS::EC2::Instance
    Properties:
      ImageId: ami-0b16d80945b1a9c7d
      InstanceType: t2.micro
      SubnetId: subnet-0cc709c048a0ec292
      SecurityGroupIds:
        - sg-09cd08e7081541ada
      KeyName: stg-emr-test

The stack was successfully created. I was able to ssh into the ec2 instance. but now i want to remove this stack. i.e the Ec2 instance

and later tried to delete it. Its failing

I saw the error in events

>Solution :

The logged in user has the rights to create, but not terminate/delete.

Make sure that the correct permissions (via AWS IAM) are assoicated to the user to perform any action within the AWS account