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Demonetisation an ‘idiotic jolt’ to economy, GST badly implemented: Arun Shourie

Arun Shourie called demonetisation as 'the largest money-laundering scheme' and termed it as an 'idiotic jolt' to the economy. He called the GST an 'important reform, but poorly implemented'.

By: Express Web Desk | New Delhi | Published: October 4, 2017 4:42 pm
Arun Shourie, BJP, Yashwant Sinha, Narendra modi, Demonetisation, GST, india news, indian express, Former Union Minister Arun Shourie. (File)

In a stinging interview to a news channel, Arun Shourie on Tuesday criticised the Narendra Modi-led government over the “sliding economic growth and increasing job losses”. The former union minister also likened demonetisation with suicide saying the latter too is “a bold step” to take.

Shourie, speaking to NDTV, called demonetisation as “the largest money-laundering scheme”, and described it as an “idiotic jolt” to the economy. On the GST, he said it was an “important reform, but (was) poorly implemented”.

He also labelled the BJP regime as a ‘government of two-and-a-half persons; that is, Narendra Modi, Amit Shah and one in-house lawyer.”

Speaking about his former cabinet colleague Yashwant Sinha’s recent criticism on the government’s alleged “mishandling” of the economy,  Shourie claimed that “many others in the BJP share our concerns”.

While the BJP was dismissive of Sinha’s comments, Shourie said it was their “standard operating procedure” to shoot down dissent. He even suggested that the party should pre-emptively release a “list of persons in advance who they think are frustrated”.

Shourie’s criticism comes days after former Finance Union Minister Yashwant Sinha slammed the government for its alleged mismanagement of the economy.

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    Praveen
    Oct 5, 2017 at 10:24 pm
    Full marks to Modi for detecting the menace quite early. He rightfully ignored all leaders above 75 and gave them rest. At a certain age, all get drowsy physically, but now it has been proved, they lose their intellect too.
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      aipatel
      Oct 5, 2017 at 1:24 pm
      DeMo is a most diasterous decision for economy in post independence era. No purpose has been served. If you suck out 86 blood ( currency)from patient (economy) how patient can be live? If we call dead patient healthy it is our foolishness. He has pushed India 50 years back. We have to accept that NaMo is failure like DeMo. In Gujarat he had done nothing except good talks,celebrating festivals etc. And see the Gujarat on every yard stick it is behind other states. In my opinion sooner he will be driven out better it is for India. Shouriji is respectable journalist. I have read Many articles in IE on Bofors. It is unwise to write in bad language. You can contest the content of his article logically and factually.
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        L.P.Kulkarni
        Oct 5, 2017 at 5:32 am
        As long as people like Arun Shourie , Yeshwant Sinha and Shotgun Sinha are in Ministry they don't criticize the policies of Government. When they are powerless, they immediately become sick and start spoiling the health of economy and troubling NAMO government which is doing its best in the post independence period. The Demonetization and GST have affected only black money holders and black marketers. If these people wants to fall in this category, they can do it freely and support anti national, corrupt Congress party which wants to hide its corruption practices done in the last decade. These old people should come out of the party and then criticize the government.
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          rishi
          Oct 5, 2017 at 1:58 am
          India's Prime Minister and Finance Minister are on the right track......laying lasting foundations of a robust economy in an evolving New India story which has no place for nincom s like arun shourie ......even a tenth-grader of a village school under RSS-BJP governance has greater insight into the larger goodness of NDA's economic measures . People like shourie in IE , NDTV, etc. continue to live in their ancient cocoons with no awareness of how far ahead has the Nation moved in just three years of Modi-Led-NDA.....these people believe that they can 'influence' readers to see things from their malicious intent...for instance, shourie is simply trying to make the readers see GDP figures in isolation from the overall positive transition the economy is going through....like wise for demonetisation which is continually yielding a million collateral-gains which shourie and his ilk neither want to nor will be able to fathom by any stretch of their crooked imagination !
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            rishi
            Oct 5, 2017 at 2:00 am
            read third line as " nincom-p-o-o-p-s" like arun shourie
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            Sn
            Oct 5, 2017 at 12:24 am
            Arun Shourie former disinvestment minister in ATAL BIHARI BAJPAYEE led NDA government was responsible for BJP'S defeat in 2004 general election. Arun Shourie and Jaswant Sinha are now job less in Modi government, which they didn"t not expect after BJP'S massive win led by Narendra Modi in 2014 election. This is the reason all these disgruntled veterans having no contribution to BJP coming back to power in 2014 election, are trying everything and leaving no stone unturned to defame the Prime Minister Narendra Modi , when country's economy is stable and going on in right direction.
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