Describing the BJP-led government's demonetisation exercise as a reckless step, former Prime Minister Manmohan Singh today said scrapping higher value currency notes was organised loot and legalised plunder.
None its objectives were achieved, Singh said during an interactive session on the current state of the economy with businesspersons and traders.
"Demonetisation was organised loot and legalised plunder," he said during his visit to poll-bound Gujarat.
He also criticised the Centre's ambitious Ahmedabad- Mumbai bullet train project and dubbed it an exercise in vanity.
Opposition parties are observing 'black day' tomorrow.