Swamy targets Arun Jaitley's Ministry again on note ban, says immediate corrective steps needed

Demonetisation itself is not a bad move, and it had really dealt a death blow to terrorists' plans, but the way it had been implemented had led to a situation where some scrupulous elements were taking advantage of the situation, Dr Swamy told UNI.

Dr Swamy's party is under attack for the withdrawal of Rs 500 and Rs 1000 currency notes, announced by Prime Minister Narendra Modi on November 8 as part of his fight against black money. However, the Government had not been able to replace adequate cash in the banks leading to people across the country spending hours in serpentine queues to withdraw money in limited amounts.

"I have already said the Finance Ministry should have handled it in a better way, and I hope that corrective measures would follow soon," Dr Swamy said.

"A few days ago too, the Rajya Sabha MP had tweeted, "Note bandi assessed: 1. Desirable to do 2. Poor contingency planning by MoF, 3. Black money redistributed 75 to 25 4. Collateral damage huge."