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Demonetisation was a wrong move, can’t base its success on election results : P Chidambaram

Chidambaram

Former Finance Minister P Chidambaram while speaking at ABP News’ event ‘Shikhar Sammelan’ said demonetisation was a wrong move by the current government.

Former Finance Minister P Chidambaram while speaking at ABP News’ event ‘Shikhar Sammelan’ said demonetisation was a wrong move by the current government. He added that it is not right to decide the result of elections based on one issue as BJP won in Uttar Pradesh but lost in Punjab and Congress finished as single largest party in Goa as well. Talking about the layoffs by IT companies, the former finance minister said that 2 lakh people will lose their jobs in the next two years. He added that even though this isn’t a crisis situation, it is a fact that the economy remains stagnant.

However, the senior Congress leader praised the GST bill by adding that it is a good move for the Indian economy and was passed after discussion with the Opposition. He added that schemes like Swachh Bharat may be good initiatives but won’t add much to economic growth. When asked about economic challenges for the government in future, he urged people to ask hard questions irrespective of which party is in the power. Talking about the farm sector, Chidambaram added that when the inflation is at 5% and farm waivers are at 4%, how will the farmers ever get out of poverty?

Earlier, P Chidambaram and his son Karti Chidambaram’s residences had been raided by the CBI. The raids that had lasted for more than 6 hours had been conducted at 16 locations across Tamil Nadu. A report by the IE had stated that the raids had been conducted in connection to the government clearances given to INX media during Chidambaram’s tenure as the Finance Minister. The former Home Minister had however, accused the Narendra Modi government of using CBI and other agencies against him. “Government’s aim is to silence my voice, he had told the reporters.

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