Skip to main content
Sabrang
Sabrang
Elections2019 Politics

‘Why PM is Not Talking About Demonetization, a Scam Worth Several Crores?’: Former FM Yashwant Sinha

SabrangIndia 11 May 2019
Former Finance Minister Yashwant Sinha has once again lashed out at Prime Minister Narendra Modi, this time for the 2016 demonetization, which he calls a ‘scam worth several crores.’

yashwant Sinha

Speaking at the election campaign of the Samajwadi Party’s Lucknow candidate, Poonam Sinha, Yashwant said, “The questions is, why is Prime Minister Narendra Modi not talking about demonetization (in his poll campaigns) which, according to him, was the decision of the century? Why is he not mentioning demonetization in his poll speeches? It was a scam worth more than several lakh crores and I would like to request the new government to investigate this matter as soon as they form the government.”

Further taking a dig at the Modi government for forging the economic data, Yashwant said, “Neither our Prime Minister nor the finance minister (Arun Jaitley) know anything about the economy. The figures released in the public are fudged and false. The figures which are not in favour of the government are simply fudged by the NITI Ayog. This should also be investigated by the new government and actual figures should be released so that the people of the country can be aware of the actual situation of our economy.”

Yashwant has been a vocal critic of Modi and BJP since the time he left the party last year.  Even in his book ‘India Unmade’, Sinha accused the Modi government of destabilizing the economy with the note ban. He said, “If one were to look at the context in which demonetization was done, you will recall we first came out with Jan Dhan Yojana and crores of accounts were created under the pretext of empowering the poorest of the poor by opening their bank accounts. This was in place and suddenly demonetization came. The entire currency came back largely through Jan Dhan accounts.”

Yashwant has also targeted Modi for latter’s repeated reference to Pakistan in his election speeches. He further asked why wasn’t Modi talking about China. “Modi’s 56-inch chest is only for Pakistan and it shrinks to six inches when the Chinese threat is mentioned,” said Yashwant, criticising Modi’s foreign policy.

“By invoking Pakistan all the time, PM Modi has made the mistake of hyphenating the two nations once again,” warned the former bureaucrat-turned-politician

Yashwant claimed the government would leave the country’s economy in shambles and the new dispensation would have a lot to do, including bringing out a white paper on economic conditions, demonetization, GST and others.

Criticizing the low level of language in political discourse, Yashwant said Modi was primarily responsible for this.

Related Articles:
  1. Yashwant Sinha takes Modi to task, criticises government's failed policies
  2. Looking Back at De-Monetization, Two Years Later
  3. RBI data reveals demonetization was a failure, 99% of banned cash recovered

‘Why PM is Not Talking About Demonetization, a Scam Worth Several Crores?’: Former FM Yashwant Sinha

Former Finance Minister Yashwant Sinha has once again lashed out at Prime Minister Narendra Modi, this time for the 2016 demonetization, which he calls a ‘scam worth several crores.’

yashwant Sinha

Speaking at the election campaign of the Samajwadi Party’s Lucknow candidate, Poonam Sinha, Yashwant said, “The questions is, why is Prime Minister Narendra Modi not talking about demonetization (in his poll campaigns) which, according to him, was the decision of the century? Why is he not mentioning demonetization in his poll speeches? It was a scam worth more than several lakh crores and I would like to request the new government to investigate this matter as soon as they form the government.”

Further taking a dig at the Modi government for forging the economic data, Yashwant said, “Neither our Prime Minister nor the finance minister (Arun Jaitley) know anything about the economy. The figures released in the public are fudged and false. The figures which are not in favour of the government are simply fudged by the NITI Ayog. This should also be investigated by the new government and actual figures should be released so that the people of the country can be aware of the actual situation of our economy.”

Yashwant has been a vocal critic of Modi and BJP since the time he left the party last year.  Even in his book ‘India Unmade’, Sinha accused the Modi government of destabilizing the economy with the note ban. He said, “If one were to look at the context in which demonetization was done, you will recall we first came out with Jan Dhan Yojana and crores of accounts were created under the pretext of empowering the poorest of the poor by opening their bank accounts. This was in place and suddenly demonetization came. The entire currency came back largely through Jan Dhan accounts.”

Yashwant has also targeted Modi for latter’s repeated reference to Pakistan in his election speeches. He further asked why wasn’t Modi talking about China. “Modi’s 56-inch chest is only for Pakistan and it shrinks to six inches when the Chinese threat is mentioned,” said Yashwant, criticising Modi’s foreign policy.

“By invoking Pakistan all the time, PM Modi has made the mistake of hyphenating the two nations once again,” warned the former bureaucrat-turned-politician

Yashwant claimed the government would leave the country’s economy in shambles and the new dispensation would have a lot to do, including bringing out a white paper on economic conditions, demonetization, GST and others.

Criticizing the low level of language in political discourse, Yashwant said Modi was primarily responsible for this.

Related Articles:
  1. Yashwant Sinha takes Modi to task, criticises government's failed policies
  2. Looking Back at De-Monetization, Two Years Later
  3. RBI data reveals demonetization was a failure, 99% of banned cash recovered

Related Articles

Minorities

A United States Commission calls out Indian government’s bias against Muslim community

Many issues have erupted in Assam after the NRC updation process began a few years ago. The economically weaker sections have suffered the most and there is a looming fear amongst the people of Assam of being rendered stateless. In the midst of all this, there appears to be a clear agenda of the ruling government against the Muslim community which it has clearly manifested in its Citizenship Amendment Bill, which it plans to re-introduce in the current winter session.

Minorities

A United States Commission calls out Indian government’s bias against Muslim community

Many issues have erupted in Assam after the NRC updation process began a few years ago. The economically weaker sections have suffered the most and there is a looming fear amongst the people of Assam of being rendered stateless. In the midst of all this, there appears to be a clear agenda of the ruling government against the Muslim community which it has clearly manifested in its Citizenship Amendment Bill, which it plans to re-introduce in the current winter session.


Monday

18

Nov

Jamia Millia Islamia, New Delhi

Saturday

30

Nov

Jana Natya Manch, New Delhi

Thursday

07

Nov

Thrissur, Kerala

Theme

Ayodhya 1992

Ayodhya 1992

Excerpts from the Report of the Liberhan Ayodhya Commission of Inquiry
babri

How the Babri Masjid was demolished

Citizens Tribunal on Ayodhya
babri

Fact and Faith

Allahabad High Court Judgement in Babri Demolition Case, 2010
kashmir

How Green Is My Valley

The killing of innocent Hindus by Pakistan-trained mercenaries in J and K is one more bid to convert the Kashmiriyat issue into a Hindu-Muslim problem

Campaigns

Monday

18

Nov

Jamia Millia Islamia, New Delhi

Saturday

30

Nov

Jana Natya Manch, New Delhi

Thursday

07

Nov

12 am onwards

Vibgyor Film Collective

Thrissur, Kerala

Videos

Communalism

What is the Ram Temple REALLY about?

For the many who do not know what the original Ram Temple movement is and the many who may have forgotten the mayhem, eminent activist and journalist Teesta Setalvad presents a ready reckoner on what the Ram Temple movement really is about and why has it been so conveniently resurrected, twenty six years later in 2018.

Communalism

What is the Ram Temple REALLY about?

For the many who do not know what the original Ram Temple movement is and the many who may have forgotten the mayhem, eminent activist and journalist Teesta Setalvad presents a ready reckoner on what the Ram Temple movement really is about and why has it been so conveniently resurrected, twenty six years later in 2018.

Analysis

Ayodhya 1992

Ayodhya 1992

Excerpts from the Report of the Liberhan Ayodhya Commission of Inquiry
babri

How the Babri Masjid was demolished

Citizens Tribunal on Ayodhya
babri

Fact and Faith

Allahabad High Court Judgement in Babri Demolition Case, 2010
kashmir

How Green Is My Valley

The killing of innocent Hindus by Pakistan-trained mercenaries in J and K is one more bid to convert the Kashmiriyat issue into a Hindu-Muslim problem

Archives