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.

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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.

ALSO READ: Huge relief for farmers, families celebrating weddings; over-the-counter exchange limit reduced

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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First Published on: November 17, 2016 5:59 pm
  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!!
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    1. B
      bonku
      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.
      Reply
      1. K
        Kift
        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 ...
        Reply
        1. D
          Dr imran
          Nov 17, 2016 at 6:39 pm
          Joke of the day
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          1. M
            MyTake
            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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            1. M
              MyTake
              Nov 17, 2016 at 7:21 pm
              If anything, demonitisation plus the follow up steps should come with more teeths.lt;br/gt;lt;br/gt;First strike made them create noises, second strike should make them numb and silence them! lt;br/gt;lt;br/gt;Look at the opposition leaders: most of them are already walking like living dead and are like ghosts. Out of desperation, they should be encouraged to move to their rightful place on their own accord (as a result of this desperation) - the Pretalooka! People would not mind paying (like temporary hardship due to demonitisation scheme) for their last "rites" in politics!lt;br/gt;lt;br/gt;It was interesting to see the rally the witch from Bengal organised along with her male counter part from Delhi where people came to chat Modi, Modi slogan! That will shut out and shout out this mob that thrives on noise, paying them in their own coin!!
              Reply
              1. P
                Piyush
                Nov 17, 2016 at 8:19 pm
                Poverty is worst form of violwnce - hi...WHO should be blamed for it...nehruvian socialism ??? Corruption ??? Or Q ??? lt;br/gt;I Q for LPG cylinder pport DL electricity connection..even for BSNL landline connection and paying toll tax on NH..I don't mind 2b in Q once more for anti corruption
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                1. R
                  Raj
                  Nov 17, 2016 at 4:06 pm
                  If this is a well plan move. God help India if any immediate action required
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                  1. S
                    Saurabh
                    Nov 18, 2016 at 9:49 am
                    This is what happens to a nation when a bunch of illiterate people run government.
                    Reply
                    1. S
                      Stonecold
                      Nov 17, 2016 at 1:37 pm
                      He gets funnier day by day 😂😂😂😂
                      Reply
                      1. S
                        Stonecold
                        Nov 17, 2016 at 1:36 pm
                        It was a well planned disaster 😂😂😂
                        Reply
                        1. V
                          Vijay
                          Nov 18, 2016 at 3:14 am
                          If all this was well planned then why 40 to 50 painful deaths so far. Why so much suffering of people. Why Indian economy getting wiped out and Indian Currency falling and not even being accepted in International Markets thus blocking flow of Foreing currencies badly needed to buy Oil from Middle east. People should not be surprised in case of m unrest in coming months.
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                          1. V
                            Vsn
                            Nov 18, 2016 at 7:18 am
                            If this is a well planned move, then going by there standard one can imagine what can be a badly planned move.
                            Reply
                            1. V
                              vvvvv
                              Nov 18, 2016 at 12:41 pm
                              This is rubbish it seems u already informed and u and u r relatives have enough cash...
                              Reply
                              1. V
                                vvvvv
                                Nov 18, 2016 at 12:43 pm
                                We all indians r with Ms. Mamta Banarjee and Mr. Kejriwal ...they are right Mpdi and Arun Jaitely must bow down to their decision.
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                                1. C
                                  Casb
                                  Nov 17, 2016 at 1:23 pm
                                  So well planned that people were on road and PM on Bullet Train.
                                  Reply
                                  1. A
                                    ams
                                    Nov 17, 2016 at 7:37 pm
                                    Well planned move???? this is why person who does not have the mandate of the ppl should not be made FM!!!!
                                    Reply
                                    1. S
                                      sunny
                                      Nov 17, 2016 at 5:17 pm
                                      modi should be booked for 8 murder of the people who died while standing in the queue to exchange their hard earned money
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                                      1. A
                                        amitava ghosh
                                        Nov 17, 2016 at 6:48 pm
                                        Cant comprehend the fear of the cm of WBandDELHI? Whike one is engulfed with saradaandnarada the other has one after one of its mlas getting arrested for various offences.Whatever the matter the PM of our country has done a great job.
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                                        1. M
                                          Md Aurangajeb
                                          Nov 17, 2016 at 2:36 pm
                                          One of my cousin is a Mason ,went Delhi seeking employment.lt;br/gt;He is pulling rickshaw as construction work interrupted due to cash crunch.he had earned ₹1500 prior to the great Modi s demonitisation order.he had to pay ₹150 to hawala trader to transfer ₹1500 old notes to his wife's account .his wife was in q today for 5hrs for withdrawing money from bank but returned cashless.tomorrow early morning she will again be in q along with many such women n men,thanks to Modijis extraordinary policy drive.lt;br/gt;lt;br/gt;A thumping majority cannot be taken as a mandate to trouble the innocent.what is worrying is that many so called intellectuals finds this policy a revolution.........lt;br/gt;Demonitisation drive is similar to arresting the w community n asking each to prove their innocence...easy for the administration but to the common man simply a burden.
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                                          1. M
                                            Md Aurangajeb
                                            Nov 17, 2016 at 2:50 pm
                                            One of my cousin is a Mason ,went Delhi seeking employment.lt;br/gt;He is pulling rickshaw as construction work interrupted due to cash crunch.he had earned ₹1500 prior to the great Modi s demonitisation order.he had to pay ₹150 to hawala trader to transfer ₹1500 old notes to his wife's account .his wife was in q today for 5hrs for withdrawing money from bank but returned cashless.tomorrow early morning she will again be in q along with many such women n men,thanks to Modijis extraordinary policy drive.lt;br/gt;lt;br/gt;A thumping majority cannot be taken as a mandate to trouble the innocent.what is worrying is that many so called intellectuals finds this policy a revolution.........lt;br/gt;Demonitisation drive is similar to arresting the w community n asking each to prove their innocence...easy for the administration but to the common man simply a burden.
                                            Reply
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