Shourie attacks Modi govt, dubs demonetisation 'largest money-laundering scheme ever'

Elias Hubbard
October 4, 2017

Soon after BJP leader and former finance minister Yashwant Sinha levelled a critique of on the state of the economy, another former union minister and BJP leader Arun Shourie has criticised the government for the economic slowdown, terming it a "government of two-and-a-half persons, that is, Narendra Modi, Amit Shah and one in-house lawyer".

In an interview to news channel NDTV, Shourie called demonetisation the "largest money-laundering scheme ever, conceived and implemented entirely by the BJP", adding that it was an "idiotic jolt" which fulfilled none of the promises made during its implementation. Shourie also blamed the note ban and a poorly implemented goods and services tax (GST) for inducing the current slowdown. "Look at this! To put a tax reform at par with the independence of India - "a tryst with destiny", "second destiny", a midnight session of parliament - for a tax reform!"

Mumbai: Arun Shourie, who was cabinet minister in Atal Bihari Vajpayee's government from 1998 to 2004, on Tuesday slammed Narendra Modi's dispensation for rolling out misplaced policy decisions. He said: "Which argument today survives?"

Earlier, CPI-M General Secretary Sitaram Yechury had also attacked Modi government over demonetisation saying corruption, black money and terrorism which he sought to end with the note ban, were flourishing post the economic move.

Stating that it was an "idiotic jolt" and everyone who had black converted it into white, he said, "The RBI has said that almost 99% of the banned currency has been returned to banks, which suggests that black or untaxed money was not destroyed by the giant move".

However, Finance Minister Arun Jaitley struck back at Yashwant Sinha by calling him a job applicant at the age of 80 who has forgotten his own record while heading the critical ministry.

Explanation: They don't have the expertise and they have surrounded themselves by persons who don't have the expertise. They are so self-satisfied with it.

Shourie further said that "no corrective action" is taking place because even if these three take a wrong decision, they are also the "supreme court" who deliver the judgment on it. I have a constructive suggestion for them.

To that, Shourie said that that was BJP's "standard operating procedure "They should publish a list in advance of frustrated persons", to preempt criticism".

Other reports by Click Lancashire

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