Demonetisation: Manmohan calls it 'organised loot'; Jaitley terms it as a 'watershed moment'

Demonetisation: Manmohan calls it 'organised loot'; Jaitley terms it as a 'watershed moment'

Updated 07 Nov 2017 09:39 PM

Demonetisation: Manmohan calls it 'organised loot'; Jaitley terms it as a 'watershed moment'
On the eve of the first anniversary of the demonetisation exercise, the Centre and Opposition locked horns on Tuesday. While the BJP has already announced to observe November 8 as 'anti-black money' day, the Congress has decided to observe the day as as 'black day'.

Describing the BJP-led government's demonetisation exercise as a reckless step, former prime minister Manmohan Singh today said scrapping higher value currency notes was organised loot and legalised plunder.

Contesting the Cambridge-trained economist, Finance Minister Arun Jaitley said the exercise was an "ethical drive and a moral step" that made corruption difficult. He referred to demonetisation as a watershed moment in the history of the Indian economy

Calling the note ban a "reckless" exercise, Manmohan Singh said during an interactive session with businessmen and traders in Ahmedabad that "demonetisation was an organised loot and legalised plunder".

For latest breaking news, other top stories log on to: &


Rahul Gandhi's Coronation: He will face challenge of raising wrong-doings of ruling party, says Shakeel Ahmad

Rahul Gandhi's Coronation: Watch people dance and celebrate outside Congress' Delhi office

Rahul Gandhi's Coronation: Ahmedabad residents give mixed reactions

Daily Horoscope with Pawan Sinha: Scorpions may feel scared today

Daily Horoscope with Pawan Sinha: Pisces may remain upset at heart today

How has Rahul Gandhi performed as Congress Vice-President?

Fukrey Returns: My relationship with Ali Fazal developed organically, says Richa Chadda

People celebrate with songs and dance before Rahul Gandhi's coronation as Congress President

In Graphics: Bigg Boss 11: UNEXPECTED ELIMINATION: This contestant exits from the show!

Sansani: Bangladeshi woman stuck in flesh trade on pretext of job opportunity

Mumbai: Car catches fire on Western Expressway Highway; nobody hurt

Security Guard takes Congress leader Kamal Nath on gun point twice; rescued

Sansani: Emerging singer Arpita Tiwari murdered

Gujarat Assembly Elections 2017: Will Rahul Gandhi take responsibility if Congress loses?

Rahul Gandhi to take charge as Congress President today; here are preparations

- - - - - - - - - Advertisement - - - - - - - - -