Subramanian Swamy says Note ban has caused huge collateral damage, blames finance ministry for hardships

Swamy supported the move but added that the finance ministry, especially Jaitley messed it up with " poor contingency planning"

Subramanian Swamy says Note ban has caused huge collateral damage, blames finance ministry for hardships

BJP Rajya Sabha MP Subramanian Swamy tweeted on Wednesday that Prime Minister Narendra Modi's decision to ban Rs 500 and Rs 1000 notes has led to "huge collateral damage".

Not blaming PM for the "damage", the BJP leader was targeting Union Finance Minister Arun Jaitley. Swamy

Swamy supported the move but added that the finance ministry, especially Jaitley messed it up with " poor contingency planning". A "good contingency plan would have provided for (a) soft landing", he added.




The BJP MP said that he gave a suggestion "through a well wisher" to remedy the cash problem, but the ministry "modified it beyond recognition so that it was still profitable to go to the dalal". He was mentioning the agents who take huge amount of money as commission to "convert" black money to white.

He also alleged that black money was being "redistributed 75 to 25". Swamy was not at all pessimistic about the move adding the drive can be saved with a "course correction".



In fact, the BJP leader's series of tweets cast a shadow on his party colleague Jaitley, against whom he has been going on with a negative campaign. Last month too, He took on Jaitley for the minister's "lack of preparation" before demonetisation.

The Rajya Sabha MP said it is Jaitley who is responsible for the long lines in front of ATMs.
Swamy said in October that he was satisfied with with the work done by PM Modi, but "not satisfied with that of finance minister Arun Jaitley". Swamy also claimed that only Modi knew "how he had made the finance minister do his own work."