You are here: Home » Economy & Policy » News » Demonetisation
Business Standard

Demonetisation was a 'highly ethical' move, not political: Arun Jaitley

Congress president Rahul Gandhi on Friday criticised the government over demonetisation

Press Trust of India  |  Bhopal 

Finance Minister Arun Jaitley
Finance Minister Arun Jaitley

Union Finance Minister on Saturday defended demonetisation, saying it was a "highly ethical" move and not a political one.

His statement comes a day after Prime Minister and engaged in a war of words during the respective election rallies over the decision suddenly announced in November 2016 to junk a bulk of the currency in circulation.

"It was a highly ethical move," Jaitley told reporters in response to a query over "It was not a political move."

Jaitley was speaking after releasing the BJP's manifesto here ahead of the November 28 Madhya Pradesh Assembly election.

The minister said has increased the and also increased the revenue of the states and the Centre immensely.

president on Friday criticised the government over demonetisation, saying it was the "biggest scam" of India.

Addressing a rally in Ambikapur in Chhattisgarh ahead of the second phase of voting on November 20, Modi claimed people did not have issues with demonetisation, but "only a family".

The prime minister claimed the was "worried" that he took away all the money its "minions and friends" had stashed under their beds and in sacks in one stroke.

Modi had said his government was investing the money recovered post-on carrying out public works and funding welfare schemes.

First Published: Sat, November 17 2018. 14:00 IST