AMN / NEW DELHI
Former union minister Arun Shourie today blamed Prime Minister Narendra Modi for economic slowdown in the country. Shourie termed the note ban as largest money-laundering scheme.
“It was the largest money-laundering scheme ever, conceived and implemented entirely by the government,” said Shourie in an interview to NDTV.
It was an “idiotic jolt” he continued, “everyone who had black converted it into white.” The RBI has said that nearly 99 per cent of the banned currency has been returned to banks, which suggests that black or untaxed money was not destroyed by the giant move.
He was quick to add the new national sales tax — the GST — to the list of the government’s misdeeds, stating that though it was an important reform, it had been poorly implemented. “The rules have been amended seven times within three months,” said the former BJP member in support of his claim, adding that what makes it worse is the “event management of the GST — imagine! A tax reform is being compared to the independence of India” he said about the special midnight session of parliament held to introduce the new tax in July.
Mr Shourie’s criticism of the government’s economic mismanagement comes days after former Finance Minister Yashwant Sinha, who was his colleague in the cabinet of Atal Bihari Vajpayee, said that the economy is a mess and that it will not recover, despite the government’s claims, by the next general election in 2019. The BJP responded by dismissing Mr Sinha and Mr Shourie as frustrated politicians who are avenging their sidelining by the party by publicly dissing its leadership.