Modi govt is only about 300-feet statute, bullet trains: Arun Shourie
economy news: Banging the Narendra Modi authorities over sliding monetary development and increasing job deficits, former Union Minister Arun Shourie has likened demonetisation with suicide, saying these is too "a daring step".
He also called it the major money-laundering scheme.
"It was the major money-laundering scheme ever, conceived and implemented completely by the government, " It was an "idiotic jolt" this individual continued, "everyone who black color converted it into white, " he said.
"This is a government by 'ilhaam' (revelation). The Primary Minister has the 'ilhaam' one night that demonetisation should be done and he does it. In any case it was a bold step. Need to remind you suicide too is a bold step, " Shourie said within an interview with NDTV when asked why in his view, the authorities went in for demonetisation.
Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs you, 000 currency notes on November 8 last season.
"Which argument (offered by the federal government in defence of demonetisation today survives? Black money? All of it converted white. Terrorism? Terrorists are still coming into India. At the end they have nothing to say, " he added.
Shourie also took a dig at BJP President Amit Shah who has said that current slowdown is "due to technical reasons", terming him "that famous economist? " and underscoring that official figures simply cannot be brushed under the carpet....READ MORE
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