Former Finance minister P Chidambaram slammed the Narendra Modi led-NDA government for its monetisation move and termed it as biggest scam of the year.
“It has broken the back of poor people. Not even a national calamity would have caused so much suffering. This is an absurd, thoughtless move, and no one in the world has a good word for it. Every major newspaper and economist has condemned it,”Chidambaram said while addressing the media at an event in Nagpur.
He further asked why the government didn’t consult eminent economists in the country before taking such step and made blunder in name of ‘secrecy’.
Chidambaram said, “Government should have consulted at least Yashwant Sinha, he is their own man. They could have consulted Mr Manmohan Singh. There are over a 100 officers involved in budget making, till today its never leaked. What secrecy is this?”
Chidambaram also demanded that the demonetisation move should be investigated.
“Has this stopped corruption, black money? Only poor people are being punished. It is no longer about black money… now they have found a new one called cashless economy,” he said.