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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coastaldigst.com news network
May 31,2020

Mangaluru, May 31: Karnataka BJP president MP Nalin Kumar Kateel has claimed that there has been no differences of opinion within the state BJP.

"The BJP-led government will complete its term under the leadership of B S Yediyurappa," Kateel told media persons in the city on Saturday.

“A few MLAs had met and discussed the developments in North Karnataka. There is nothing wrong in discussing development keeping in mind the party's interests.”

Indiscipline within the party will not be tolerated. Strict action will be initiated against those who indulge in such activities by the party High Command, he warned.

The government, led by Yediyurappa, has carried out good works in the state. All the MLAs are supporting the chief minister. All the MLAs are in contact with me, claimed Kateel.

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coastaldigest.com news network
May 21,2020

Bengaluru, May 21: Chief Minister B S Yediyurappa today slammed Law Minister JC Madhuswamy for yelling at a woman farmer in Kolar, an incident that attracted widespread criticism. 

The incident happened on Wednesday when Madhuswamy, who is also the minor irrigation minister, was inspecting the Koramangala-Challaghatta (KC) Valley project, under which Bengaluru’s sewage is treated and pumped into lakes in Kolar. 

During his visit, farmer Nalini Gowda questioned Madhuswamy on the encroachment of the 1,022-acre S Agrahara lake. At one point, Madhuswamy lost his cool and yelled, “Aye! Shut your mouth, rascal,” and asked the police to take her away. Before this, Madhuswamy told her, “Make a request. I’m a very bad man. You can only air your grievance. Don’t command us.” 

A video of this exchange was aired by news channels. 

“What (Madhuswamy) said is not right. I have warned him. None can forgive such an explicit manner of talking with a woman. That, too, behaving like that being a minister doesn’t bode well. I will talk to that woman also and I’ll ensure this doesn’t happen again,” Yediyurappa told reporters.

The incident has come as a shot in the arm to the Opposition Congress, which is already attacking the Yediyurappa administration on the COVID-19 crisis. Condemning Madhuswamy’s behaviour, Leader of the Opposition Siddaramaiah demanded an apology and asked Yediyurappa to sack him from the Cabinet. 

Karnataka Pradesh Congress Committee (KPCC) president D K Shivakumar said it was unbecoming of Madhuswamy to behave like that being a senior minister. “People will ask us questions and express their problems, naturally. What’s important is how we handle ourselves. Be it a woman or anyone, they come to us because we’re into public service. Calling them ‘rascal’ and things is not right. Maybe there was some irritation, but I agree with (Siddaramaiah) that he should be dropped from the Cabinet,” he said.

On his part, Madhuswamy said he felt intimidated. “If I have hurt the feelings of any woman, I will certainly apologise,” he said. “But citizens should realise, we go to their villages to ask about their problems. If they start abusing us publicly, how can we work? My secretary and I heard her for five minutes and then told her that we know our responsibility. We asked her to close the issue. She didn’t stop and I got tempted (sic),” the minister said.

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News Network
July 11,2020

Bengaluru, Jul 11: Karantaka Congress chief DK Shivakumar on Friday raised questions over claims that Rewa Ultra Mega Solar Power Project Madhya Pradesh was "largest in Asia" and said a 2000 MW had been built in the state.

"BJP central government is claiming today that it inaugurated Asia's largest solar plant of 750 MW at Rewa, MP. What then is the 2000 MW Solar Plant in Pavagada, Karnataka which was built in just 3 years by Karnataka Congress government and has been operational since 2018?" Shivakumar said in a tweet.

The Congress leader further said that the most unique thing about the solar project set up in Karnataka was that the farmers were being paid yearly rents for the land upon which it was constructed as it had been leased and not purchased from them, helping them retain ownership.

"The unique thing about the 2000 MW Pavagada Mega Solar Park was that not a single acre of land was acquired from the farmers. All 13,000 acres have been leased from the farmers who are being given yearly rent. Karnataka model of renewable energy was accepted as the best in India," he said.

"Union power minister must answer as to how the Central Government can claim that the Rewa Solar Park (750 MW) opened today is Asia's largest when clearly the Pavagada Park in Karnataka is much larger (2000 MW) and was opened two years back!" he said.

Prime Minister Narendra Modi dedicated Rewa Ultra Mega Solar Power Project to the nation on Friday. 

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