Demonetisation: Subramanian Swamy blames Arun Jaitely for ‘lack of preparedness’

Asked why the government is yet to book anybody with foreign accounts said: "That question has to be directed at the finance ministry, not me. I have no clue why nothing has been done."

By: PTI | New Delhi | Published:November 13, 2016 10:21 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.

BJP MP Subramanian Swamy on Sunday criticised the finance ministry alleging “lack of preparedness” in dealing with the demonetisation of two high-value currencies and said the ministry not being in loop of decision-making is “no excuse”. “I am appalled by the lack of preparation… We have been in power for nearly two and a half years. The finance ministry should have prepared for this from the very first day. It is easy to argue that the ministry was not in the loop, but that is no excuse for not having a contingency plan,” Hong Kong’s South China Morning Post daily quoted Swamy as saying.

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Swamy is currently in Hong Kong and will deliver a talk on anti-corruption efforts in India at the Foreign Correspondents Club on Monday. The Harvard-educated economist further said, “Ad hoc roadside kiosks should have been set up for all and special kiosks organised for senior citizens. All these should have been planned as part of a contingency plan.”

The Rajya Sabha member, who had consistently attacked former RBI governor Raghuram Rajan and had also taken potshots at Finance Minister Arun Jaitley, said, “The previous government gave the contract for currency paper to the same London-based company that supplies currency paper to Pakistan, helping Pakistan counterfeit Indian notes and finance militancy in India at zero cost.”

Asked why the government is yet to book anybody with foreign accounts said: “That question has to be directed at the finance ministry, not me. I have no clue why nothing has been done.”

On Saturday, Jaitley had regretted hardships caused due to withdrawal of high denomination notes, but advised the public to be patient as the move will have larger benefits for the economy in the long term.

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  1. H
    Harry Achari
    Nov 13, 2016 at 7:33 pm
    Not prepared and not well communicated. It seems to be a natural disaster for the common people. Although it is a bold step there seems a lack of preparedness where people struck without having money. It is also not normal for long queue of panicked people. It looks more like a chaos without an able information, clarity and capacity. Any way this step is only good for the nation as far as curbing of corruption is concerned
    Reply
    1. N
      NMK
      Nov 14, 2016 at 1:05 pm
      Black money kya hotha hai batlaye... lt;br/gt;lt;br/gt;Agar iska javab mile tue ye kiske paas milega iska havab bhi miljayega.lt;br/gt;lt;br/gt;Bekaar me aam admi pareshan hai , is badlavo se.
      Reply
      1. A
        AJay
        Nov 14, 2016 at 5:32 am
        Sir, its not a natural disaster. Its a man made disaster.
        Reply
        1. A
          AMRIT
          Nov 14, 2016 at 5:46 pm
          the common man is suffering but these bjp peoples will not see because they have settled thire life before demonatise
          Reply
          1. D
            Dr M
            Nov 14, 2016 at 6:01 am
            Yes even now kiosks must be opened at different places for different categories of people for different services outside banking hours, instead of all bank staff placed inside a bank, banks can only deal with deposits and open new accounts rapidly minus the over crowding.lt;br/gt;All A T Ms must cater 500 and 100 notes and frequently loaded.
            Reply
            1. g
              g.m
              Nov 14, 2016 at 6:01 am
              common-man is part of the problem, pla a role in generation. paying for the mistakes done. not big inconvenience for all the bribes paid and allowing Govt. to loot so long..
              Reply
              1. H
                H.Balakrishnan
                Nov 14, 2016 at 10:41 am
                Happy that someone from the BJP has the courage of conviction to take on AJ . Salute to Dr. Swamy. Time someone exposed the incompetence at the head of the Finance Ministry. Any wonder the "HONEST" Aaam Admi is suffering on the streets of India today.
                Reply
                1. S
                  shiv
                  Nov 14, 2016 at 7:52 am
                  DrSwamy did accuse the ministry consisting of some high level mediocre and probable corrupt persons who are toadys of pucca chor / antonia and who have been allowed to continue.These leeches need to be smoked out and driven away for the ministry to function at full throttle honestly.jaitlee needs to take care of his health.
                  Reply
                  1. S
                    shiv
                    Nov 14, 2016 at 7:49 am
                    I follow Drswamy's twitter account.You devious guys running IE should know that DrSwamy never did aaccuse Jaitley by name or even by designation.Stop being devious and cowardly , at least develop some cajones
                    Reply
                    1. Y
                      YY
                      Nov 14, 2016 at 6:18 am
                      Even the best intentions can go haywire with incompetent planning !! lt;br/gt;this is a fine example.......demonetisation with no back-up exchangeable currency..lt;br/gt;.now who should be blame ...PM, FM or RBI GM .......lt;br/gt;SuSwamy must be ROFL
                      Reply
                      1. K
                        Karthik
                        Nov 14, 2016 at 9:55 am
                        Whether FM or his babus in his Ministry the onus lies fully with PM Modi and hence as per Swamy who is now a RS member if such lack of preparedness is true then Modi should be held responsible only. Swamy is no longer an ordinary man as he is in executive member of BJP as well and claims to be in know-how of several things..lt;br/gt;Therefore Swamy or any other maverick inside BJP/RSS cannot simply divert or deflect the problems faced on ground by small labourers,unorganized sector or MSME in rural villages. Cities,towns are OK as they can manage with netbanking,debit card etc.lt;br/gt;PM Modi should be held answerable to nation and to parliament as to why he did not oversee this preparation of any ministry under him or what was his PMO doing all the while in past 6 months. If he has trust deficit with someone in his ministry he should have atleast kept a contigency team ready to handle crisis or preparations before this decision
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