Thursday, November 24th, 2016

Maximum black money was generated under Manmohan Singh’s rule: Arun Jaitley

Narada Desk | November 24, 2016 5:01 pm Print
Jaitley's statement came after Singh castigated the government and the Prime Minister over demonetisation during Rajya Sabha debate, saying its implementation was a "monumental management failure" .
Arun Jaitley : Union Finance Minister

Lashing out at former prime minister Manmohan Singh over the latter’s criticism on demonetisation, Finance Minister Arun Jaitley on Thursday said it is no surprise that Singh is unhappy as “maximum blackmoney was generated” under his rule.

The Union Minister also rebuffed the Former Prime Minister’s contention that GDP growth will plunge by 2%, reiterating that demonetisation will have positive impact on the economy over medium to long term as the money from shadow economy will find its way into the mainstream.

“Those who did not consider the generation of so much black money and scams during their regime as blunder are now finding the crusade against black money as blunder,” Jaitley attacked Opposition.

Jaitley’s statement came after Singh castigated the government and the Prime Minister over demonetisation during Rajya Sabha debate, saying its implementation was a “monumental management failure” and a case of “organised loot and legalised plunder.”

As the Rajya Sabha was repeatedly adjourned with Opposition insisting that the Prime Minister be present during the entire debate, Jaitley lashed out at the opposition saying it was not keen on debate but on disruption.

Speaking to reports, Jaitley said: “The government position is very clear from the day one that we are ready for the debate…. The Opposition was finding excuses to avoid discussion but today morning they were taken by surprise when we announced that the Prime Minister will participate in the debate.”

Now they are inventing and manufacturing reasons to escape the debate , Jaitley added.

Slamming the previous UPA government, the Union Minister alleged that “the maximum black money was generated during the 2004-14 as well as the period was engulfed in various scams like 2G and coal scam”.

“We are not surprise that they did not like the anti-black money measures the government has taken…Those who did not consider the generation of so much black money and scams during their regime as blunder are now finding the crusade against black money as blunder,” Jaitley said.

 

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