Manmohan Singh takes dig at Jaitley over demonetisation remark

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Former Prime Minister Manmohan Singh today took a dig at Finance Minister Arun Jaitley over his remark on demonetisation, saying there is no indication as to what makes him convinced that its effect will be temporary and not affect the growth of the economy.

Singh, also a noted economist, however, kept his judgement of the Union Budget reserved, saying it has far too many items and it is very difficult to react to the impact. “There is no indication as to what makes the Finance Minister convinced that demonetization effect will be temporary and it will not affect the growth of the economy,” Singh said.

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The opposition denounced the Union Budget with Congress vice-president Rahul Gandhi saying it lacked a clear vision and had nothing for farmers, youths and job creation while Mamata Banerjee dubbed it as “clueless, useless and heartless” and questioned why no data on demonetization was given.

Terming the budget as “contractionary” and a “complete gimmick”, the Left parties alleged that the figures given by the Finance Minister do not match the reality.

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