"I cannot get Rs 2000 note. How crores in Rs 2000 notes found their way to individuals being raided all over the country?," questioned P Chidambaram and added-"What calculations did the government do to say that one can withdraw Rs 24000 when banks don't have enough cash to dispense."
"Just like Dr Manmohan Singh said, this is monumental mismanagement", he said.
Here are the other important points P Chidambaram talked about during the media briefing:
- Every bank says "no cash". So how does the govt says there is cash? This is why Dr Manmohan Singh said monumental mismanagement: P Chidambaram
- Why are District Cooperative Central Banks kept out of this whole exercise?: P Chidambaram
- Keeping out District Cooperative Central Banks is punishing farmers.There is no money for them to buy supplies: P Chidambaram
- Because of this today the farmers are suffering, there is no money to buy seeds, to hire labour or buy fertilisers: P Chidambaram
- 45 crore people are dependent on daily wages. (they have been affected by Demonitization )Who is going to compensate them: P. Chidambaram
- Every major economist, newspaper in world has said that this is the most absurd of moves by the government: P. Chidambaram
- Long term impact that it will be negative for GDP. Even RBI's low projection shows it. Most economists say 1-2% -ive impact: P. Chidambaram
- Definitely, long term impact will be negative on the GDP, you can see growth figures RBI is projecting: P Chidambaram
- I believe people will not forget for what is being done to them and will certain not forgive the govt for it: P Chidambaram
- This is an illusion that it is intended to hurt the rich&benefit poor; don't see any rich man getting affected: P Chidambaram