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Whole exercise was undertaken without forethought and planning: Congress on currency ban

Whole exercise was undertaken without forethought and planning: Congress on currency ban

India Blooms News Service | | 30 Dec 2016, 06:00 pm
New Delhi, Dec 30 (IBNS): Attacking the Centre on its cash ban move, the Congress on Friday said whole exercise was undertaken without forethought and planning.

"It is now abundantly clear that the whole exercise was undertaken without forethought and planning," Congress leader P Chidambaram said.

He said: "Besides, seizure of bundles of new Rs 2000 notes is clear evidence of corruption at level of RBI, currency chests & banks."

The former Union Minister further slammed the Centre and said: "Altogether, the whole exercise has been a case of total mismanagement, administrative collapse & widespread corruption."

Chidambaram said people across the nation faced enormous hardship and suffering during the 50 days period.

"Among the worst affected are farm labourers, daily wagers, self-employed & those who run micro, small & medium businesses," he said.

Referring to the issue the of cashless economy, Chidambaram said: "The Government has tried to change the narrative from black money and corruption to a cashless economy."

"No economy can become, or has become totally cashless," he said.

The Centre on Nov 8 announced bannig of Rs 1000 and Rs. 500 currency notes.

Dec 30 marked the last day of submitting old notes.