Rahul did not understand importance of demonetisation: Nirmala

Image
Press Trust of India New Delhi
Last Updated : Nov 23 2016 | 6:42 PM IST
Hiting back at Congress Vice- President Rahul Gandhi for describing demonetisation as an impromptu experiment, Union Minister Nirmala Sitharaman today said he has neither understood the importance of the decision nor done his homework.
She wondered how can Prime Minister Narendra Modi be blamed for taking impromptu decision and at the same time leaking the information to others.
"I am not sure if he (Gandhi) has really looked into what is meant by the exercise the government has done ...So this kind of remark saying that it is impromptu, itself shows that not much home work has been done by the Congress Vice- President," she told PTI in an interview.
Sitharaman said that the move to withdraw high denomination currency helps in making the economy "cleaner" and make transactions more formal and transparent.
"There are so many dimensions to it. It is a very big step of this nature," she added.
The minister said that had there been no preparations, then how Rs 2,000 note came into the market a day after the announcement of the demonetisation.
"It was available in many parts, not adequately I agree. Could that have happened if there was no preparations by the government," she said, adding this was not an impromptu or a knee-jerk decision.
"They are making all kinds of statements but there is nothing substantial," she said.
Gandhi has described the demonetisation of Rs 500 and Rs 1,000 currency notes as the world's "biggest impromptu financial experiment".
"Prime Minister can give lectures to pop concert where 'naach gaana' is going on. 200 MPs are saying they want to tell the nation why he took this decision. PM does not want to come to Parliament. Why is PM afraid of going inside? He is obviously anxious about something," Gandhi said.
Opposition MPs including those of Congress, SP, BSP, TMC, DMK, CPI, CPI(M) among others were outside Parliament near Gandhi Statue protesting the demonetisation.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 23 2016 | 6:42 PM IST

Next Story