Demonetisation to avoid ‘organised loot’: Piyush Goyal slams Manmohan Singh

“If there was any organised loot it was when the coal blocks were allocated for free to the relatives and supporters of the Congress," the Union minister said.

By: Express News Service | Pune | Published:November 28, 2016 12:15 am
Piyush Goyal, renewable energy, financial institutions, sanction, news, latest news, India news, national news Union Minister for Power, Coal, New and Renewable Energy. Piyush Goyal

Piyush Goyal, Union Minister for Power, Coal, New and Renewable Energy, on Sunday lashed out at former Prime Minister Manmohan Singh who had termed demonetisation as “monumental management failure”. Goyal instead alleged that if there was any “organised loot” that was seen by the country it was under the rule of UPA and by a government headed by Singh who often, he alleged, brushed it under the carpet by calling it “coalition compulsion”.

“If there was any organised loot it was when the coal blocks were allocated for free to the relatives and supporters of the Congress and during the Commonwealth Games, 2G spectrum allocation and Adarsh Society flat allocations. I’m surprised that he (Singh) called it organised loot. Actually, the whole purpose of demonetisation is to avoid organised loot like it was carried out in previous regime,” said Goyal during his lecture on ‘Demonetisation-Accepting The Change’ organised by Shikshan Prasarak Mandali at S P College on Tilak Road.

He also emphasised on demonetisation as a step towards a ‘cashless economy’. He hoped that Pune will take the initiative to lead the change. “If a campaign is carried out in the city to register every trader in some sort of electronic transaction, the city can become cashless within 15 days. Pune should take a lead in this regard,”said Goyal.