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
    Chand
    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.
    Reply
    1. G
      gyan
      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.
      Reply
      1. J
        Joseph
        Nov 19, 2016 at 6:11 pm
        Again a good comedy
        Reply
        1. C
          Chand
          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.
          Reply
          1. A
            anil
            Nov 19, 2016 at 1:23 pm
            Cheap shot...
            Reply
            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.
              Reply
              1. B
                Bijan Mohanty
                Nov 19, 2016 at 9:58 am
                Let Subramanian Swamy, the Great, step in.
                Reply
                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
                  Reply
                  1. M
                    MIGHTY BOMBER
                    Nov 19, 2016 at 4:41 pm
                    Mr. S.Swamy you could be turned into a laughing stock by people like Sambit Patra of your party. You are a respected Member of Parliament, it is unfortunate that you are without portfolio.
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                    1. J
                      Joseph Anandaraj.M
                      Nov 19, 2016 at 12:27 pm
                      Mr. Subramaniayan Swamy admits that his leader decision was wrong and his advisers are helpless. No arguments. But what is the remedy or is there no remedy to alleviate the sufferings of the general public? AG declared in the Apex Court that the demonetisation move was to curb Black Money and Corruption. What is the definition for Black Money and Corruption? Is Black Money lying with all the citizens and Corruption committed by all the people? In case the answer is "yes". Obviously to some extent should be So whoever is holding Black Money should be a Indian citizen and as well paying and receiving bribe too. Is the government received any complaint from any citizen to take action against all the citizens for corruption and Black money? Why no action taken against the list lodged with Apex Court. Hope the First Citizen though not experiencing any suffering will understand his subjects sufferings and order for relief, as elected representatives failed in total. Jai Hind !!!
                      Reply
                      1. K
                        K.J.Haroon Basha
                        Nov 19, 2016 at 10:14 am
                        Banning 500 and 1000 notes is not a real solution to eradicate corruption. If the government is serious let us declare a war on those criminal politicians, police personnel, Tax officials, Property Registrars etc who have trillions of wealth (not in cash, but in gold and real estate). Instead of taking action against these anti-social elements, Modi has unwisely troubling the entire m. End result will be: You will lost the public confidence and there will be black money in circulation as usual.
                        Reply
                        1. K
                          K.J.Haroon Basha
                          Nov 19, 2016 at 2:02 pm
                          Read foreign media to know exact negative effect of demonetization of 1000 and 500 Rupee notes. Indian pushed back to 3 years and this government is telling us that they have done the best job that no one dare to do it. Yes, prudent leaders, calculate the risk involved in such major decisions that may be the reason the previous government did not take the wrong decision. Simple question what these poor innocent common people did wrong to deny their right to own their own hard earned money? If you are so serious to stop corruption, then go and catch the criminals who have billions of dollars in their accounts.
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                          1. K
                            K.J.Haroon Basha
                            Nov 19, 2016 at 3:39 pm
                            The rout of corruption starts with the peon and ends with the Ministers. Why you shut your eyes to these illegal channels? Stop it first, then there will not be corruption in the country. Even if I want to get a birth certification I have to pay bribe the peon, the revenue inspector and the man who finally issue the certificate. They are asking money to do their obligatory duty, I am not asking them to anything extra. The Registrar, who even in a small town, earns more than a lakh Rupee per day. Aren’t they tax official knows this? Aren’t the Minister knows this? They all knew, but the money is toasted in their mouth to keep their mouth shut, eyes deaf and ears dumb.
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                            1. R
                              roby mani
                              Nov 19, 2016 at 5:17 pm
                              Arun Jaitley may be a great lawyer but is surely a poor finance minister. Does not understand basics of economics.lt;br/gt;I visited a village office for some land record based work which has been pending with the revenue authorities for 19 years. The village officer has advised me to go after the file which has been submitted some years back and hinted that there was no point in submitting such files and not going after it.. He was indirectly hinting that i was to pay the bribe for getting the work done. So friends do not think that one will get rid of corruption when once demonetization is over. What ever bribe which was being given previously will have to be given even now to get the work done.
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                              1. M
                                mathimathi
                                Nov 19, 2016 at 4:00 pm
                                Shaktikanta Das is like a Weather Reporter.!!!
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                                1. M
                                  mathimathi
                                  Nov 19, 2016 at 4:04 pm
                                  why krishna can't show modi achievements in his mouth.?;)
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                                  1. R
                                    R.Mehta
                                    Nov 19, 2016 at 9:26 am
                                    Mr Swamy with his vast expereince should give some suggestions to his party to take care of the inconvenience being caused to people.
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                                    1. K
                                      Krish
                                      Nov 19, 2016 at 9:13 am
                                      The entire Finance Ministry has messed up the situation. This is a cruel joke on the poor, helpless, daily labourers, traders, masons, carpenters, cobblers who do not fit into the BJP scheme of things. The poor are the hardest hit. The rich is just enjoying the fun.
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                                      1. P
                                        Parso Sukheja
                                        Nov 19, 2016 at 1:27 pm
                                        In view of unending queues and public sufferings government should set up task force of eminent bankers, Taxman to deal with the situation and arrange respite to commoners this may save government from public anger and political disadvantage.
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                                        1. P
                                          Parso Sukheja
                                          Nov 19, 2016 at 2:00 pm
                                          Thanks, i wil see
                                          Reply
                                          1. V
                                            Vihari Naidu
                                            Nov 19, 2016 at 9:38 am
                                            Sir what can they do, even Tuglaq had a large army but poor people suffered for his decisions. Not his generals but common people suffered.
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