Finance ministry to blame for ‘huge collateral damage’ caused by note ban: Swamy

Launching a direct attack on the government, firebrand Bharatiya Janata Party MP Subramanian Swamy has said that the demonetisation drive has led to “huge collateral damage” and blamed the Finance ministry for the poor execution.
Finance ministry to blame for ‘huge collateral...
India TV Politics Desk New Delhi December 14, 2016 12:50 IST

Launching a direct attack on the government, firebrand Bharatiya Janata Party MP Subramanian Swamy has said that the demonetisation drive has led to “huge collateral damage” and blamed the Finance ministry for the poor execution. 

The Rajya Sabha MP, in a tweet, termed the note ban as a ‘desirable’ step, but blamed the Finance ministry for having messed it up with “poor contingency planning”. 

Swamy further claimed that his suggestions on resolving the cash crunch also went unheard. The Finance ministry, he said, “modified it beyond recognition so that it was still profitable to go to the dalal”. 

By ‘dalal’ he was referring to agents who are charging hefty commissions to convert black money to white. 

This is evident from his tweet in which he acknowledged that black money is being “redistributed 74 to 25”. 

Swamy’s tweets, by logical extension, are yet another attack on the Finance minister, against whom he has been continuously running a negative campaign. 

In November, Swamy had blamed Arun Jaitley for “lack of preparation” before demonetisation was implemented. Earlier in October, the BJP MP has said that he was satisfied with the work done by the PM but not satisfied with that of finance minster Arun Jaitley.  

 
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