Sunday, 03 March 2024

 

 

LATEST NEWS Amid Virtual Inauguration by Punjab CM, Mohali gets 35th Aam Aadmi Clinic at Balongi Cabinet Minister Bram Shanker Jimpa initiates sewerage system projects in village Bajwara & Qila Baroon Balkar Singh inaugurates the new bus stand at Dharamkot Bhagwant Mann and Arvind Kejriwal dedicate 165 more Aam Aadmi Clinics in state Use your new ideas and innovations to become active partners in socio economic growth of state: CM exhorts youth Atal Dulloo for taking strict measures against illegal mining Narendra Modi lays foundation stone for multiple development projects worth Rs 21,400 crores in Aurangabad, Bihar Chetan Singh Joramajra inaugurats the completion of the 19 km long Boha Razwahe at a cost of Rs. 22 crores Narendra Modi lays foundation stone for multiple development projects worth Rs 15,000 crores Amit Shah inaugurates the National Urban Cooperative Finance and Development Corporation Limited (NUCFDC) in New Delhi Himachal Pradesh Cabinet Decisions Dated 02-03-24 Lt Governor Manoj Sinha addresses closing ceremony of Rotary Club’s week-long Mega Health Camp in Poonch and Rajouri Districts Lt Governor Manoj Sinha addresses National Commission for Women's event ‘Tu Bol' dedicated to Inspirational Women Lt Governor Manoj Sinha attends ‘Herath Milan Samaroh’ in Jammu Breast cancer awareness program by RBU Lt Governor addresses the inaugural ceremony of the industrial unit of Bloomtex Industries Pvt Ltd Former Member of Parliament, BJP Mahila Morcha delegation call on Lt Governor Lt Governor pays obeisance at Mahalakshmi Temple Pacca Danga Jammu Former Minister, DDC Member Poonch call on Lt Governor Tourism deptt working on renewed plan to make J&K a world famous tourist destination DC Ganderbal Shyambir reviews progress on SWM, Vishwakarma Scheme

 

Demonetisation most ingeniously designed official money laundering : P Chidambaram

Listen to this article

Web Admin

Web Admin

5 Dariya News

Kolkata , 08 Nov 2018

Describing the demonetisation exercise of the Modi government as the "most ingeniously designed official money laundering scheme", former Union finance minister P Chidambaram on Thursday said the ban did not render any currency notes "worthless" and the government "did not reap a bonanza of Rs 3-4 lakh crore."All the demonetisied notes, actually, 99.3 per cent, were returned to the RBI, said the senior Congress leader."Practically every single currency note was officially exchanged at bank counters," he said."It was the most ingeniously designed official money laundering scheme. Who knows it better than you in West Bengal who had witnessed deposits of large sums of cash barely hours before demonetisation was announced," Chidambaram said.He also said the demonetisation did not put an end to fake currency and to generation or use of black money and the consequences of the move have been catastrophic."Miscreants successfully counterfeited the new Rs 2000 and new Rs 500 denomination notes.""Demonetisation did not render any currency note worthless. And the government did not reap a bonanza of Rs 3 lakh crore to Rs 4 lakh crore..."Millions of people were pushed into debt, millions lost their jobs, thousands of MSMEs were shut down and over a hundred people died while standing in queues. The GDP growth fell by 1.5 per cent," he said.

 

Tags: P Chidambaram , Demonetisation

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD