Jaitley attacks media on demonetisation reportage, says ‘country changing, journalists aren’t’

Jaitley said, "Our journalists just focus on the painful aspect of every situation ignoring its socio-economic background & handwork in implementing it."

By: Express Web Desk | Published:December 1, 2016 5:51 pm
demonetisation, cashless economy, demonetisation news, arun jaitely, parliament, black money, corruption Union Finance Minister Arun Jaitley. (PTI Photo)

Attacking the media for its reportage on demonetisation, Finance Minister Arun Jaitley on Thursday said that the “country is changing but journalists and politicians are not.” Speaking at the ‘Make in Odisha’ conclave, Jaitley said, “Our journalists just focus on the painful aspect of every situation ignoring its socio-economic background & handwork in implementing it.”

Rejecting apprehensions that the Indian economy would suffer due to demonetisation, Jaitley termed as “game changers” the pulling out of high-value old notes as well as Goods and Services Tax, which is proposed to be rolled out from April 1.

On the hue and cry over the demonetisation exercise, he said: “As far as currency changes are concerned, once the demonetisation process is completed and the economy gets back to full stream, the size of the GDP will significantly expand, tax base will expand.”

He added, “More money will come to the banks which will be used fruitfully for the betterment of the economy.”

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  1. S
    Sanskar
    Dec 2, 2016 at 10:50 am
    Don't blame the media, in fact media is under-reporting the real plight of common men standing in the ATM queues day in and day out. I don't know if the intended objective of this move will realize or not, but such inefficient and casual implementation is unheard of even in third world economies. Deposits are already Rs. 10 lakh crores till 30th Nov, still 30 days to go for bank deposit and another 3 moths for RBI exchange. NRI currencies yet to be deposited in full. At this rate designated Rs 15.44 lakh crore high currency in circulation will fill in sooner than later. So it will be just a regular demonetization exercise. Then why so much pain and inconvenience when it could have been done in traditional way with usual planning by RBI. People don't trust banks due to numerous bank frauds, now can't trust notes now, digital transactions are so unreliable and fraud prone. Lets go back to medieval age with gold and silver coins where currency carries its real exchange value.
    Reply
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      Anand
      Dec 1, 2016 at 11:28 pm
      tax farmers like Pawar.. how can they escape scrutiny... they don't do farming... there are loads of them... use their money for poor farmers thru Jan dhan accounts
      Reply
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        Anif
        Dec 1, 2016 at 9:06 pm
        Indian media these day only supply sensationalism no fact.lt;br/gt;Media cannot give any solutions but make fun or find some rubbish story if somebody tries to correct the system.lt;br/gt;It is typical Indian crab story, pull down somebody who is doing the right thing, because they cannot stand another Indian coming up. why don't they have the same gusto against other nationalizes for change and improve their own life and life of the country for a change.
        Reply
        1. I
          indian
          Dec 1, 2016 at 1:14 pm
          Very true. Our journalists look for the grey cloud in every silver lining
          Reply
          1. E
            Earthkeeper
            Dec 1, 2016 at 10:57 pm
            A warning in disguise lt;br/gt;These goons are capable of doing anything lt;br/gt;I don't want national anthem in cinemas lt;br/gt;Who is supreme Court or your party to challenge my patriotism lt;br/gt;No one has the right to do that lt;br/gt;India thrown back to stone age
            Reply
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              Anonymous
              Dec 1, 2016 at 4:06 pm
              NDTV is paid agent of congress
              Reply
              1. M
                MyTake
                Dec 1, 2016 at 9:46 pm
                Listen to the whisper of the wind - You will be crushed under the wheel of Modi Juggernaut!
                Reply
                1. S
                  Shafi
                  Dec 1, 2016 at 6:07 pm
                  This man, who is such a prolofic lawyer, scooped to such a disparaging low in trying to mislead and mirepresent the people, I couldn't imagine. All the international economist and media such as Washington post, New York Times, guardian are surprised that India could take such poor economic decision for a political reason and further they expressed shock why Indian media is being kind to this government by being non-critics of such terrible decision which caused misery and harm to millions of orofnary people and this man is blaming the this media when media cant have been more generous to BJP that what they have already done. Coming days will not let you sit in on fort Mr Jaitley
                  Reply
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