Sunday, 27 November 2022



LATEST NEWS More Than 21000 Jobs In Merely Eight Months Reflects Commitment Of State Government For Welfare Of Youth: Bhagwant Mann Advocate General office celebrates Constitution Day Giant strides are being taken in the field of IT and new age technologies for better delivery of governance to citizens: Dr Jitendra Singh Maruti Suzuki & LPU Collaborated to host EFFICYCLE-2022 Competition at LPU Campus Chief Secretary R.D. Dhiman chairs high level meeting to review winter preparedness District-Level Constitution Day Function Held At Bachat Bhawan Atal Dulloo reviews working of Farmer Producer Organizations in Jammu Constitution Day : Judicial Academy organizes workshop, special skill enhancement training for Civil Judges of Jammu Province Week-long Shehri Jan Abhiyan from Nov 28, two-day MTMP-2.0 from Dec 5 : Dheeraj Gupta ACS Atal Dulloo visits Mega Fruit Plant Nursery, Chakroi, R S Pura Chief Secretary Dr. Arun Kumar Mehta reads Preamble at Constitution Day celebration at Reasi Lt Governor Manoj Sinha Inaugurates Constitution Day Celebrations Amrit Maan Unveils The Title & Poster Of Debut EP ‘Xpensive’ Challa Song Review: Ninja Gives Impactful Vocal In Upcoming Punjabi Crime Thriller Snowman 'BB 16': Kajol, Revathy join Salman Khan 'Weekend Ka Vaar' NASA's Mars helicopter makes a short yet significant flight Veteran films, theatre and television actor Vikram Gokhale passes away at 77 Vivek Oberoi on his 'Dharavi Bank' role : Dignity of men in uniform is important Australia snatch 5-4 win against India in first match of hockey series Patriarchal Clash Between These Bollywood Celebrities Sheikh Zayed Festival intensifies preparations for UAE’s 51st National Day celebrations


Demonetisation most ingeniously designed official money laundering : P Chidambaram

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
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD