×
Watch Now

ABP NEWS LIVE 24*7

Explorer

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'
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: http://www.abplive.in & https://www.youtube.com/c/abpnews

News Videos

Breaking News: Bulldozer Action on Changur Baba’s Mansion in Balrampur, Unveiling Dark Secrets | ABP NEWS
Breaking News: Bulldozer Action on Changur Baba’s Mansion in Balrampur, Unveiling Dark Secrets | ABP NEWS

New Reels

View More
Sponsored Links by Taboola
Advertisement

Photo Gallery

Advertisement

Videos

Breaking News: Bulldozer Action on Changur Baba’s Mansion in Balrampur, Unveiling Dark Secrets | ABP NEWS
SC Hearing: Voter List Revision Nation-Wide, EC Has Constitutional Power, Says Supreme Court
Bihar Election: Supreme Court Hearing on Bihar Voter List Verification, Key Observations | ABP NEWS
Tehri Dispute: Illegal Mosque Allegedly Built on Govt Land, Demolition Demands Intensify
SC Hearing: Supreme Court Says Law Doesn’t Dictate When EC Should Revise Voter List
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

‘Irresponsible, Regrettable’: MEA Slams Punjab CM Mann's Remarks On PM Modi’s 5-Nation Tour
‘Irresponsible, Regrettable’: MEA Slams Punjab CM Mann's Remarks On PM Modi’s 5-Nation Tour
Shubhanshu Shukla Set To Return To Earth Soon, NASA Eyes This Date For Axiom-4 Return
Shubhanshu Shukla Set To Return To Earth Soon, NASA Eyes This Date For Axiom-4 Return
Kapil Sharma's Restaurant Kap's Cafe Attacked In Canada, Khalistani Group Claims Responsibility
Kapil Sharma's Restaurant Attacked In Canada, Khalistani Group Claims Responsibility: VIDEO
Tennis Player Shot Dead By Father In Gurugram, Accused Arrested
Tennis Player Shot Dead By Father In Gurugram, Accused Arrested
Advertisement
ABP Premium
Embed widget