Would have quit if I was forced to implement Demonetisation: Senior Congress leader P Chidambaram

Assailing Prime Minister Narendra Modi over demonetisation, senior Congress leader P Chidambaram today said he would have quit as finance minister if forced to implement the measure.

Published: 28th October 2017 06:10 PM  |   Last Updated: 28th October 2017 07:34 PM   |  A+A-

Congress leader and former Finance Minister P Chidambaram said the railways should focus on ensuring passenger safety. (File | PTI)

Congress leader P Chidambaram. (File | PTI)


RAJKOT: Assailing Prime Minister Narendra Modi over demonetisation, senior Congress leader P Chidambaram today said he would have quit as finance minister if forced to implement the measure.

He also targeted Modi over "hasty" implementation of the GST, and his pet bullet train project.

"If my prime minister had asked me to do demonetisation, I would have advised him 'please don't', and if he had insisted, then I would have resigned," he told reporters on the sidelines of an event where he delivered a lecture on 'The state of economy'.

Noting that demonetisation and "rushing through with the GST were two major mistakes" of the Modi government, he said, "demonetisation was a bad idea, full stop. GST is a good idea, but it has been hastily implemented. It should have been implemented with due care and attention." Pitching for a cap on the Goods and Services Tax (GST) at 18 per cent, the former Union minister flayed multiple slabs in the rate structure.

Delivering the lecture on the economy organised by the local trading community, Chidambaram said the prime minister's ambitious bullet train project between Ahmedabad and Mumbai should not have been a priority.

Focus, he said, should have been on improving safety, cleanliness, better compartments and stations, better signalling systems and improving suburban transport.

"Hardly 600 people will use bullet train (on one-way journey) when it is completed, and the government has borrowed huge amount of money from Japan for this. Instead the government should utilise the money for health and education, which the people want," he said, adding bullet train can become a priority 10-15 years later not now.

He also flayed the Gujarat model of development, saying "Vikas gando thayo che (development has gone crazy)". The Congress has launched a social media campaign in the poll- bound state by the same name.

Chidambaram criticised the Election Commission for not declaring the dates for Gujarat and Himachal Pradesh polls simultaneously.

"There was an unusual delay in declaring poll dates for Gujarat. The only conclusion is that the (central) government wanted to prevent the announcement of sops by the Congress government there (in Himachal) and wanted to do the same in Gujarat. The EC could have either declared it (the polls) together on October 12 or on October 24."

Apparently targeting the government over the arrest of journalist Vinod Verma in connection with the alleged sex tape scandal involving a Chhattisgarh minister, Chidambaram alleged efforts were being made to "silence" critics, especially journalists who do investigative stories. 


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 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 are those of the comment writers alone. They do not represent the views or opinions of 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. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp