Demonetisation: No question of roll-back, it’s a well-planned move, says Arun Jaitley

He slammed the Congress party for obstructing the move and then comparing it to terrorism.

By: Express Web Desk | New Delhi | Updated: November 17, 2016 8:56 pm
Arun Jaitley, Demonetisation, Rajya Sabha Demonetisation, jaitley demonetisation, Demonetisation Rajya Sabha, Lok Sabha, ATM cash, ATM nearby, Demonetisation news, Jaitley demonetisation, Demonetisation: Union Finance Minister Arun Jaitley on Thursday rejected any plans of rolling back the initiative. (PTI Photo)

Putting all speculations to rest, Union Finance Minister Arun Jaitley on Thursday ruled out roll-back of the demonetisation move that came into effect last week. In an interview to news agency ANI, Jaitley appealed to people to support the initative, while slamming some politicians for creating unnecessary panic. He applauded banks and their employees for doing an excellent job. “I would like to complement banks and their employees on their commendable job, they have dealt with crores of rupees in last 7 days. They had to deal with crores of customers,” said Jaitley.


Rejecting the demand of political parties like Aam Aadmi Party and Trinamool Congress, he said, “whatever AAP and
Trinamool Congress said about the roll back, there is no question of that. It is a clear decision of the Prime Minister
and government to cleanse politics and economy of the country. We will stick to it (demonetisation)”.

He slammed the Congress party for obstructing the move and then comparing it to terrorism. “Congress as a national party must support it instead of obstructing and then comparing it with Pakistan terrorism is irresponsible. What is the vested interest of Congress party to oppose this initiative?” asked Jaitley.

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He further said that ATMs on a war effort are being recalibrated. He also noted that the rush at banks have come down. “In seven days, banks have brought down the rush, there is no panic. Unfortunate that some people were inconvenienced. The whole thing is a very well planned and executed move,” he said, adding that in the last few days the government has received less complaints.

READ: Mamata, Kejriwal demand roll-back of demonetisation within 3 days

Jaitley expressed his displeasure at some state chief minister’s who have not supported the demonetisation move. “Most CMs have used state apparatus to support this move, I appreciate that. Some CMs, however, are spreading panic,” he said.

Responding to the Opposition demanding Prime Minister Narendra Modi’s presence in the Rajya Sabha for debate, Jaitley said, “Bulk of the debate has already taken place. I have attended the debate. And the government will decided who will reply to the debate. If the government thinks it is necessary at appropriate time for the prime Minister to intervene, we will consider it at that stage. But it is not necessary that there is an intervention (by Prime Minister) in every debate.”

Meanwhile Trinamool chief and West Bengal Chief Minister Mamata Banerjee and Delhi Chief Minister Arvind Kejriwal called for an immediate roll-back of demonetisation at a protest rally at Azadpur Mandi in New Delhi on Thursday. Both leaders targeted the government for its decision to withdraw currency notes of Rs 500 and Rs 1000 from circulation. They threatened to intensify their agitation if the government did not roll-back its decision to discontinue old currency notes in three days.

(With PTI inputs)

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  1. O
    Onkar Singh
    Nov 17, 2016 at 1:58 pm
    Jaitley fooled round with the Double Taxation treaty as a result of which the govt couldn't bring back black money from abroad,which Shri Ram Jethmalani exposed!!Next Modi fooled around by saying we have consuted the SIT on black money as per the orders of the Supreme Court.T his was done immediately on taking office as PM.Thereafter the Rs.15 lacs became a election jumla.Modi's achievement card--- a blank! If Modi was really sincere on the issue of black money,the minimum he could have done was to legally punish Adani in the money laundering case.That would have been the correct message.But nothing happened.Now this " stunt" on black money through demonetization.That even stands exposed,when a BJP MLA says that Ambanis and Adanis knew before hand about it.And Rs.2.90 lakhs paid as bribe in Gujarat in the new currency of Rs.2000/-,the photograph is doing the rounds, who gave that much amount to one person ?when the country is being allowed to exchange only Rs.2000/- from tomorrow . And BJP party deposited notes of higher denomination in a bank in Kolkata just before they "ceased to be legal tender"! So what message is Modi trying to send? Adhocism.His party is allowed to change the colour of the money but not others.Which means Modi is probably India's most corrupt PM,because from where did he get those thousands of crores for his election expenses?So he has indeed tied himself up.And he tried to project that the Congress party and others were corrupt.But in fact he sups with the corrupt and does everything in his power to protect them also.And this Finance Minister says that demonetization can't be rolled back.Why? Only BJP and it's followers will secretly change the money and no one else in the country can do it.Now that your govt stands exposed there is nothing secret about this step,why should the millions of countrymen suffer and you people can enjoy yourself?Why? Answer FM Jaitley!!
    1. B
      Nov 17, 2016 at 2:48 pm
      Can you know how much this Minister, Arun Jaitli earns and how much tax does he pay in 2015? In 2014, he was one of the richest ministers with about Rs 120 crore declared et, alleged to have money stashed in foreign tax havens and a fleet of expensive foreign cars.
      1. K
        Nov 17, 2016 at 2:20 pm
        long live digital Indian . RIP BLACK MONEY and 2 mins of silence for those who have no idea what to do with black money ...
        1. D
          Dr imran
          Nov 17, 2016 at 6:39 pm
          Joke of the day
          1. M
            Nov 17, 2016 at 7:26 pm
            (They threatened to intensify their agitation if the government did not roll-back its decision to discontinue old currency notes in three days)lt;br/gt;lt;br/gt;That's looks like more of language of Maoists!!
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