In a scathing attack on the Bharatiya Janata Party-led National Democratic Alliance (NDA) government at the Centre, senior Congress leader P Chidambaram on Friday said the demonetisation was an 'ill-conceived' move.
Chidambaram's statement comes after the BJP celebrated the second anniversary of demonetisation on Thursday. The Congress party marked it as a 'black day' for the Indian democracy and economy.
'Demonetisation was an ill-conceived move, inspired by one or more persons who are totally oblivious of matters concerning money and the economy,' Chidambaram told media here.
On November 8, 2016, the Central government had declared Rs 500 and Rs 1,000 notes as non-legal and introduced new Rs 500 and Rs 2,000 notes. Since then, various opposition parties have been highly critical of the Centre's move, while the members of the Bharatiya Janata Party (BJP) and its allies have backed the decision.
On the second anniversary of demonetisation on Thursday, Union Finance Minister Arun Jaitley posted a strong defense of demonetisation, saying that the note ban had a huge impact on formalising the Indian economy.
Catch up on all the latest <a title="mid-day news" href="https://www.mid-day.com/news" target="_blank">Crime, National, International and Hatke news</a> here. Also download the new mid-day <a title="mid-day android app " href="https://goo.gl/8Xlcvr" target="_blank">Android</a> and <a title="mid-day iOS app" href="https://goo.gl/KQziH4" target="_blank">iOS</a> apps to get latest updates
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

On the second anniversary of demonetisation on Thursday, Union Finance Minister Arun Jaitley posted a strong defense of demonetisation, saying that the note ban had a huge impact on formalising the Indian economy

P Chidambaram: Demonetisation was an ill-conceived move

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / India News / Article / P Chidambaram: Demonetisation was an ill-conceived move

P Chidambaram: Demonetisation was an ill-conceived move

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast