I would have quit if forced to implement note ban: Chidambaram


Rajkot, Oct 28 (PTI): Assailing Prime Minister Narendra Modi over demonetization, 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 demonetization, 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 the economy'.

Noting that demonetization and "rushing through with the GST were two major mistakes" of the Modi government, he said, "demonetization 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 percent, the former Union minister flayed multiple slabs in the rate structure.

Delivering the lecture on the economy organized 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 signaling systems and improving suburban transport.

"Hardly 600 people will use bullet train (on the one-way journey) when it is completed, and the government has borrowed a 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.

  

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Comment on this article

  • MN, Mangalore

    Sun, Oct 29 2017

    Wonder, how some people speak of what's good and bad for the country when head to toe immersed in scam, loot of public money.

    DisAgree Agree Reply Report Abuse

  • leslie, udupi

    Sun, Oct 29 2017

    We commoners are pawns in the hands of these high handlers....
    We vote once in 5 years...Then we are thrown apart...
    Parties are all same.... They are all friends after dusk...
    Refrain from thinking about anyone...
    Voting is not enough...
    Raise your voice... Object and reject...
    Never fear for life... Life has to be lost some time...

    DisAgree Agree [4] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Oct 28 2017

    demonetisation & g.s.t r chaiwala's sick reforms. indians lost da jobs. bjp's r happy 4 lost jobs & hail chaiwala's ill-healthy reform programs.

    DisAgree [5] Agree [11] Reply Report Abuse

  • R Bhandarkar, Mangaluru

    Sat, Oct 28 2017

    Hi.story will remember you as the most CORRUPT FM our country has ever seen.
    You should stop giving useless sermons.
    .You think you can fix the whole of India ?
    Shame on you Harvard educated taking the whole of India for a ride.
    Your successor has not glorified himself either but you are the.limit!
    So shut up

    DisAgree [35] Agree [12] Reply Report Abuse

  • Ramesh S, MANGALORE

    Sat, Oct 28 2017

    ..LIAR..His wife & son running courts on corruption charges..this guy is very dangerous guy in this party..he used every Govt tool for his benefit..its foolish to think that there will be no collision of office of interest, he being a lawyer and senior position in Govt and his wife also a corporate lawyer..the company they defended are most of time ponzy companies which ran away with Indians hard earned money for ex:ENRON, Goldquest international, Sharada chitfund, Qnet a singapore company..its surprising to know that his son had registered office in Madikeri also...now lectures others..

    DisAgree [21] Agree [19] Reply Report Abuse

  • Mahendra Shetty, Mumbai Mangalore

    Sat, Oct 28 2017

    NOW YOU HAVE ONLY ONE OPTION..RAJAKEEYA SANYASA...PEOPLE MADE SURE YOU HAVE TO QUIT THE POLITICS.......

    IF YOU PEOPLE WILL BE IN POWER FOR 5 MORE YEARS MEANS INDIA SHOULD BE NAMED AS SCAMSTER INDIA, RIGHT NOW MODI MADE SKILL INDIA......

    DisAgree [21] Agree [15] Reply Report Abuse

  • Mona, Mangalore

    Sat, Oct 28 2017

    3 saal main desh ka sathyanash kar diya aur baki 2 saal main sarwanash karde ga

    DisAgree [11] Agree [23] Reply Report Abuse

  • JK, Udupi

    Sat, Oct 28 2017

    Mona, people will answer that in 2019 election. First you need to understand economics to know the policy of current Government.

    DisAgree [4] Agree [4] Reply Report Abuse

  • Mona, Mangalore

    Sun, Oct 29 2017

    i wonder what economics and policies which is messed up that you understand.

    DisAgree [2] Agree [2] Report Abuse

  • Ponkra, Dubai

    Sat, Oct 28 2017

    Demonetization has hit some corrupt people very badly one of them is Chidambaram....................

    DisAgree [24] Agree [15] Reply Report Abuse

  • Nithya, Mangalore

    Sat, Oct 28 2017

    Yes. It’s better to quit than lose the cash in hand enough for 100 generations.

    DisAgree [9] Agree [14] Reply Report Abuse

  • Jenifer, Mangalore

    Sat, Oct 28 2017

    P. Chidambaram and A. Jaitle are both legal specialists. Whether PC would have resigned or not is a different matter altogether because then PM was an economist. The total mismatch is that today's PM was a tea-seller who forced such vital decisions through the mouth of his FM which MMS would never have done. Besides, the present FM would rather stick on to his position than even contemplating quitting.

    DisAgree [8] Agree [26] Reply Report Abuse

  • Ponkra, Dubai

    Sat, Oct 28 2017

    "Chidambaram gando thayo che (Chidambaram has gone crazy)".

    DisAgree [26] Agree [10] Reply Report Abuse

  • sri_elder, Karkala

    Sat, Oct 28 2017

    Due to demonetization real estate got cheaper. Flats costs 20-30% less.
    Lot of terrorists funding stopped.
    Benefits were unlimited due to demonetization...
    Chidus concern was that they could not implement those two very good schemes and missed popularity. That's all 😁

    DisAgree [31] Agree [13] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Oct 28 2017

    Only Amit Shah & son benefitted ...

    DisAgree [10] Agree [35] Reply Report Abuse

  • Jenifer, Mangalore

    Sat, Oct 28 2017

    Sri,

    Real Estate did not get cheaper, it just froze. No takers, no sellers. The property aren't moving at all ! Even in urgent situation such as a marriage in the family, no takers even if someone offers a piece of land at an unbelievable rate.

    DisAgree [7] Agree [36] Reply Report Abuse

  • MN, Mangalore

    Sun, Oct 29 2017

    Really ? I need a property at decent rate. Please notify. Need not be "Unbelievable rate".

    Demonitisation has lead to cash surplus banking system. Bank Rates ( Deposit Rate) has fallen. This has an impact on my personnel savings. But still, looking at the larger picture, I don't cry like Chidu.

    DisAgree Agree Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Sat, Oct 28 2017

    Demonetization was a big scam to help reliance and some other corporate.

    DisAgree [8] Agree [31] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Oct 28 2017

    Even RBI governor Raghuram Rajan Quit ...

    DisAgree [6] Agree [33] Reply Report Abuse

  • Karthik Karkera, Maryhill Mangalore

    Sat, Oct 28 2017

    Vow this scamster did not quit during so many record breaking Scams so its obvious that he would quit if told to implement note ban since he is against anything that curbs black money

    DisAgree [16] Agree [8] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Sat, Oct 28 2017

    People like Chidu who lost monies during note ban still continue to cry over the disappearance of their ill gotten wealth...Other Indians have crossed the river and are leading normal lives

    DisAgree [16] Agree [15] Reply Report Abuse


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