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. 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
    1. N
      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;br/gt;lt;br/gt;Bekaar me aam admi pareshan hai , is badlavo se.
      1. A
        Nov 14, 2016 at 5:32 am
        Sir, its not a natural disaster. Its a man made disaster.
        1. A
          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
          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;br/gt;All A T Ms must cater 500 and 100 notes and frequently loaded.
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