Chidambaram attacks Centre, says Rs 2.25 lakh crore lost to demonetise Rs 13,000 crore

P Chidambaram

New Delhi , Aug 29: Senior Congress leader P Chidambaram today launched a scathing attack on Prime Minister Narendra Modi led central government over demonetisation, saying the country paid a “huge price” for cancelling what turned out “a small sum” of Rs 13,000 crore.

Chidambaram took series of tweets target the centre and said for the 13,000 crore, which did not come back to the banks, India lost Rs 2.25 lakh crore worth of GDP, crores of jobs and over a hundred lives

” Every rupee of the Rs 15.42 lakh crore (barring a small sum of Rs 13,000 crore) has come back to the RBI. Remember who had said that Rs 3 lakh crore will not come back and that will be a gain for the government,” the Congress leader tweeted.

“So, government and RBI actually demonetised only Rs 13,000 crore and the country paid a huge price. Over 100 lives were lost. 15 crore daily wage earners lost their livelihood for several weeks. Thousands of SME (small and medium enterprises) units were shut down. Lakhs of jobs were destroyed,” Chidambaram said in another another tweet.

His remarks came soon after the Reserve Bank of India said in its annual report on Wednesday that around 99.3 per cent of the banned Rs 500 and Rs 1,000 notes, were back in the banking system.

On November 8, 2016, the BJP government decided to scrap higher currency notes of Rs 500 and Rs 1000 of the Mahatma Gandhi Series.


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