Arun Jaitley, Arvind Subramanian and Shaktikanta Das sitting idle to tackle currency crunch: Subramanian Swamy

The BJP leader however welcomed demonetisation by the government and said the move will play an important role in bringing down terror financing.

By: ANI | New Delhi | Published:November 19, 2016 2:00 pm
Subramanian Swamy, BJP MP, demonetisation, notes demonetisation, finance ministry, narendra modi government, lack of preparedness, lack of planning, india news, indian express Rajya Sabha member Subramanian Swamy.

Bharatiya Janata Party (BJP) member and Rajya Sabha MP Subramanian Swamy on Saturday criticised Finance Minister Arun Jaitley for making haphazard preparations and accused Chief Economic Advisor Arvind Subramanian and Economic Affairs Secreatary Shaktikanta Das of sitting idle to tackle the currency crunch post demonetisation.

“We assumed that the delay after May 2014 was because preparations were going on, but now I find that the Finance Minister has made no preparations, everything is now ad-hoc. I raised the question of sending out Arvind Subramaninam and Shaktikanta Das, but Jaitley came to their defence and now we know they didn’t do any work, somebody has to be responsible,” Swamy told ANI.

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Swamy, however, welcomed the demonetisation step taken by the government and said the move would play an important role in bringing down terror financing.

“But due to demonetisation we will get one year breathing space for the terrorist operations which was based on money and counterfeit notes, so that is great game. The suffering of people is painful, but we can put up with it and I hope the Prime Minister also abolish income tax and make people happy again,” he added.

Supreme Court on Friday warned that the situation may become out of control and may even lead to riots if the Centre fails to mitigate the cash crunch in the country.

“People are affected and they have the right to approach the courts. People are frantic. There may even be riots,” observed a bench of Chief Justice TS Thakur and Justice A R Dave.

In response, Attorney General Mukul Rohatgi said that there is no shortage of funds as Rs 100 notes are in circulation and the ATMs needed to be re-calibrated to issue new currency notes of Rs 500 and Rs 2,000.

He told the apex court that black money destabilises economy and the country. He said the government is expecting more Rs 11 lakh crores by December end.

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  1. C
    Nov 19, 2016 at 1:33 pm
    This is sad - Swamy - a very formidable genius and politician - is using this to bake his own cake.
    1. G
      Nov 19, 2016 at 8:59 am
      We seem to be staring down an abyss. The government has thrown away its mandate with this terrible and painful miscalculation. If the Supreme Court is fearing riots, is the government listening? Strangely the seniors of the BJP Advani, Joshi Swaraj are silent.
      1. J
        Nov 19, 2016 at 6:11 pm
        Again a good comedy
        1. C
          Nov 19, 2016 at 12:02 pm
          Subramaniam Swamy practices politics of personal hatred. He is up against Arun Jaitley for personal reasons. The maverick leader has served many political masters and fought many a dirty battles on their behalf. Fortunately, the much respected Jaitley is a trusted member of the Modi cabinet and Swamy's tirade against him may not have any impact other than some media headlines.
          1. A
            Nov 19, 2016 at 1:23 pm
            Cheap shot...
            1. A
              Ashutosh Aggarwal
              Nov 19, 2016 at 8:46 am
              My humble request to Modi, please make Dr Swamy, Finance minister of the country, in place of useless Jaitley.
              1. B
                Bijan Mohanty
                Nov 19, 2016 at 9:58 am
                Let Subramanian Swamy, the Great, step in.
                1. B
                  bikash Chatterjee
                  Nov 19, 2016 at 9:26 am
                  When old constipated stool pes, w body exert pressure to release it, That is black money . We the people of India are the body, which is exerting pressure for release. When it comes out the total body is relaxed but you know what... as..... complaints about pain and that is Swamy Ji, Meera Sanyal Ji and Sudan Ji
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