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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".
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".
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