Demonetisation largest money-laundering scheme ever: Arun Shourie

News Network
October 4, 2017

Former union minister, economist and senior Bharatiya Janata Party (BJP) leader Arun Shourie has stepped up his attack the Narendra Modi government and its policies, terming the demonetisation exercise as a money laundering scheme.

In an interview with NDTV last night he said: "Demonetisation was a money laundering scheme. Because everybody who had black money, converted into white through banks."

Shourie further said that it was conceived by the government, entirely implemented by the government and entirely acclaimed by the government.

The former minister also suggested that none of the stated objectives was really achieved after demonetisation. He said: "Which argument today survives? Black money? All of it turned white. Terrorism? Terrorists are still coming into India. At the end they have nothing to say."

Prime Minister Narednra Modi onNovember 8, the day he announced the demonetisation, had said that the move would destroy black money and would make terrorists bankrupt. Shourie supported Yashwant Sinha and P Chidambaram's latest comments on economic slowdown. He said these economists have been 'talking about facts' that are based on the reports from The Economic Survey and the RBI.

Several economists have expressed their concern over the latest economic slowdown. India's GDP growth for the period of April-June came down to a three-year low of 5.7 per cent . The growth rate declined further from the 6.1 per cent in the preceding quarter. The Economic Survey had projected a growth of 6.75 per cent to 7.5 per cent for 2017-18.

"Is it a fact or not that GDP has collapsed to 3.7 per cent according to the old series? Is it a fact or not that index of industrial production has gone down from about 9 per cent in 2015-16 to about 1.7 per cent in April to July? Is it not a matter of concerned," Shourie asked.

Earlier in September, former Finance Minister Yashwant Sinha wrote a hard-hitting article , accusing Finance Minister Arun Jaitley of destroying the economy. He had also termed the demonetisation as an unmitigated economic disaster that has played havoc with businesses.

Sinha had underlined, in the article, the recent economic crisis and said: "Private investment has shrunk as never before in two decades, industrial production has all but collapsed, agriculture is in distress, construction industry, a big employer of the work force, is in the doldrums, the rest of the service sector is also in the slow lane, exports have dwindled, sector after sector of the economy is in distress."

This is not the first time when Shourie has criticized the government and its policies. In January this year, Arun Shourie said that the demonetisation  was the 'greatest economic blunder in 70 years '. While seaking at the National Institute of Advanced Studies in Bengaluru, the former minister in Vajpayee's government said, "Demonetisation is the symptom of a pattern of government where there is no consultation. It may happen again and again."

Nine months later, Shourie again lambasted the top leadership and said those running the government do not seek any advice or hear the facts. He said: "This is a government of two-and-a-half persons, that is, Narendra Modi, Amit Shah and one in-house lawyer. They don't have the expertise and they have surrounded themselves by persons who don't have the expertise."

Comments

Rajkumar
 - 
Wednesday, 4 Oct 2017

Manmohan singh was far far better than jaitley and Feku

Unknown
 - 
Wednesday, 4 Oct 2017

Retired so called intellectuals should not mislead the country. I do not get a single point of argument for the statements made. Let us see logic and statistics. Just because the media wants rubbish and you have an opportunity, plz do not does below. Plz put forth logic so that we citizens can understand something better. Our understanding  of things as of today doesn't tally with the outburst.

Naveen
 - 
Wednesday, 4 Oct 2017

Well said. "Idiotic jolt"

Danish
 - 
Wednesday, 4 Oct 2017

If anybody say against truth modi, Cheddis will say u to go to Pakistan 

Ganesh
 - 
Wednesday, 4 Oct 2017

Not only demonetisation, there are many examples of failed attempts. Gst also in that list. Now we people paying 3taxes. Do you think its easy to pay as being a middle class man

Kumar
 - 
Wednesday, 4 Oct 2017

Sanghis sold thier brain. Even after many destructive decisions they will tell Modi is best and he is doing for our good

Sandesh
 - 
Wednesday, 4 Oct 2017

Feku wont listen. He is in his dreamy world 

Rohit shetty
 - 
Wednesday, 4 Oct 2017

"The king is naked"
Should not tell truth, or else you will get punishment

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News Network
February 16,2020

Mangaluru, Feb 16: An elderly woman from Tamil Nadu was on Saturday reunited with her daughter and son after 14 years at the Mangaluru's White Doves destitute home.

"Mary only knew her name when she came here 10 years ago. Recently, she told us about her home town," Corrine Rusquinha, founder of White Doves told media.
Mary had gone missing 14 years ago from her hometown Kortampet in Tamil Nadu.

"Ten years ago, she was spotted by Mangaluru police who brought her to White Doves home late one evening. Initially, she could only speak Tamil, so it was presumed she was from Tamil Nadu. She was on psychiatric treatment," Rusquinha said.

A few days back, a visiting priest at the White Doves home spoke to Mary in Tamil and asked about her hometown.

"Surprisingly, she could recall the name of her hometown, following which the visiting priest contacted the pastor at Kortampet. Mary's family, including her daughter Gnana Anthony, who is a paramedic student in Coimbatore, was informed about Mary," she said.

Soon after, Gnana and her elder brother came to Mangaluru to take their mother back to their home.

Mary's husband Jhonson, who worked as a cook, had died within a year of losing his wife.

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News Network
May 24,2020

Bengaluru, May 24: In an effort to protect passengers and staff from the risk of COVID-19 transmission, the Bangalore International Airport Limited (BIAL) has introduced a parking-to-boarding contactless journey at the airport.

With a greater emphasis on minimum touch and minimum exposure between passengers and airport personnel, BIAL aims to minimise all physical contact at the airport. The technology will continue to enable a seamless airport journey, with greater emphasis on health and safety.

"As the gateway to a new India, BLR Airport has a key role to play in helping passengers through this global health crisis by reassuring them that their safety is our top priority. We have introduced innovative contactless procedures to minimise exposure at the airport," said Hari Marar, MD and CEO, BIAL.

"These enhancements demonstrate our continued commitment to keep our passengers safe in this environment. We believe our new measures will boost confidence among passengers," continued Marar.

"BLR Airport is all geared up to welcome our passengers back and - working with various government departments - we're committed to offering them a safe experience by implementing the best-in-class standards, procedures and practices," Marar added.

Earlier, Civil Aviation Minister Hardeep Singh Puri said that domestic flight operations will resume from May 25 noting that all airlines and airports were ready but it is not viable to keep the middle seat vacant as it will lead to hike in the ticket price and prescribed social distancing norms would still not be met. 

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News Network
January 16,2020

Bengaluru, Jan 16: Senior Congress leader K J George on Thursday appeared before the Enforcement Directorate officials here in connection with a FEMA case.

The former minister is being investigated by the ED for probable violation of provisions of the Foreign Exchange Management Act.

The ED had recently issued summons to George.

Speaking to reporters after appearing before the ED, George said he has answered to the officials' queries and will cooperate further also.

"ED had issued me summons, as a law abiding citizen, I have answered and gave documents to whatever they asked.

Further also if they call me...I will cooperate and provide necessary documents," he said, without divulging any details.

George clarified that no summons has been issued by the ED to members of his family.

"If required they (ED officials) will call me again, and I'm ready to cooperate," the congress leader added.

Last year, the president of the Karnataka Rashtra Samithi Ravi Krishna Reddy had complained to the ED seeking a probe into the alleged money laundering and properties held by George and his family members in the United States.

Responding to a question about a defamation case filed by him against those who have levelled the allegations, George said "Just because ED has called me for questioning, I'm not proved guilty."

"Anyone can complain to agencies like the Income Tax or ED or Lokayukta, but my only objection is with going to the press to project someone as guilty," he said.

"...going to the press with an intention to do a propaganda against me..someone who is in public life-- to project me as guilty is wrong, so I have filed defamation case stating the allegations are false," he added.

George is the third senior Congress leader from Karnataka to face an ED probe after D K Shivakumar and B Z Zameer Ahmed Khan.

Shivakumar was arrested by the agency in a money laundering case and was kept in Tihar Jail, until he got bail in October, while Khan was summoned in connection with the multi-crore IMA group Ponzi scam case.

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