Prithviraj Chavan seeks parliament panel probe to know real intention of demonetisation

Former Maharashtra chief minister Prithviraj Chavan today demanded a probe by a joint parliamentary committee to ascertain the "real intention" behind the Centre's demonetisation exercise.

Published: 07th November 2017 11:39 PM  |   Last Updated: 08th November 2017 01:07 PM   |  A+A-

Senior Congress leader Prithviraj Chavan. | PTI File Photo

By PTI

MUMBAI: Former Maharashtra chief minister Prithviraj Chavan today demanded a probe by a joint parliamentary committee to ascertain the "real intention" behind the Centre's demonetisation exercise.

The senior Congress leader also demanded a regulatory mechanism for the digital payment companies in the country.

"As time passed after demonetisation, a different scenario came up, contradicting the initial claims made by the prime minister on November 8 (last year), while announcing the exercise. This was an impulsive decision which hurt the country to no ends," Chavan told PTI.

He alleged that after it became clear that the initial claims put forward as reasons behind the decision to scrap high-value currency notes did not prove to be true, the goalpost was shifted.

"After the RBI said that all the money had come back into the system, Jaitleyji (Finance Minister Arun Jaitley) had said the intention behind demonetisation was digitisation. Now the question that arises is, was the prime minister aware of the real intention or was he kept in the dark," Chavan said.

"There should be a probe by a joint parliamentary committee to ascertain whether the prime minister knew that the real intention (behind demonetisation) was digitisation or was he also kept in the dark about the whole process and its repercussions," he added.

The Congress leader also claimed that the payment processing companies would keep looting the country until a payments regulatory board was formed by the government.

"Jaitleyji had announced to form the board in his budget speech. Yet, nothing has been done. Unless there is a proper infrastructure in place, people cannot be forced to go cashless," Chavan said.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp