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Advise Centre to make Cabinet note on demonetisation public, P Chidambaram tells Venkaiah Naidu

New Delhi: Congress leader P Chidambaram on Friday accused the Modi government of shifting its goalposts on demonetisation and called upon Vice-President M Venkaiah Naidu to advise the government to make public the cabinet note last year on the move to junk high-value currency notes.

File image of senior Congress leader P Chidambaram and vice-president of India, Venkaiah Naidu. PTI

File image of senior Congress leader P Chidambaram and vice-president of India Venkaiah Naidu. PTI

Chidambaram's remarks came in the wake of Naidu's remarks at SRM University in Chennai on Thursday that the very purpose of demonetisation was to bring back money to the banks and it was achieved.

"Hon'ble VP was Minister in Cabinet that 'approved' demonetisation. Will he please advise the government to make public the cabinet note on demonetisation?" Chidambaram said in a tweet.

The former finance minister also referred to remarks of former Attorney General Mukul Rohatgi that Rs 3 to Rs 4 lakh crore was not expected to return to the banking system and it was the black component of the currency in circulation.

"If the purpose of demonetisation was to bring money back to banks, why did Attorney General tell Supreme Court that government expects that about Rs 4 lakh crore will not come back?" Chidambaram asked. Naidu had said that demonetisation was aimed at bringing in accountability and money had to come to the bank and it happened.

He had also said that money has come to banks with the address of its owner and once the money was back in the banks, the tax and the bank rates would go down.

Modi government had on 8 November last year demonetised notes of Rs 500 and Rs 1,000, citing aims that included curbing the menace of "black money and fake currency".


Updated Date: Nov 24, 2017 14:51 PM

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