Thursday, May 28 2020 | Time 21:21 Hrs(IST)
  • Domestic flight service resumes in Arunachal Pradesh
  • With 9 more Corona positive, Nagaland records 18 active Corona
  • Police file 47 charge sheets against 910 foreign Jamatees in Markaz case
  • ICC defers fate of T20 World Cup till June 10 over confidentiality issue
  • ICC defers fate of T20 World Cup till June 10 over confidentiality issue
  • TN reports 827 new COVID-19 positive cases, 12 deaths on a single day
  • Real Estate Tribunal in Assam can take up cases related to Meghalaya
  • Jakhar’s social media campaign attempt to divert attention from liquor scam: Chugh
  • Haryana records one more death, 123 fresh Covid-19 cases
  • India reports over 6k cases for seventh day in row, SC makes migrants fare free
  • Migrants wanting to return to UP need to hurry up: Yogi
  • BJP spokesperson Sambit Patra hospitalised after showing Corona virus symptoms
  • Shah pays tribute to Veer Savarkar on his 137th anniversary
  • COVID-19 cases in Chhattisgarh rise to 315
  • India peacefully engaged with China on border issue: MEA
India


Demonetisation has cost the country at least 5% of GDP in last 3 years: Chidambaram

Demonetisation has cost the country at least 5% of GDP in last 3 years: Chidambaram

New Delhi, Nov 7 (UNI) Attacking the Narendra Modi government on demonetization, senior Congress leader and former Finance Minister P Chidambaram on Friday said that the decision has cost the country at least five per cent of the GDP in the last three years.



In a series of tweets on the third anniversary of demonetisation, posted on his behalf by his family, Mr Chidambaram said,’’Today is the third anniversary of the infamous demonetisation. It has cost the country at least 5 per cent of GDP in the last three years.



Five per cent of GDP roughly equals to several thousand lakh crores of rupees of output. Should the country send a bill to the BJP for that amount.’’



Friday is the third anniversary of the decision of demonetization.



On November 8, 2016, prime Minister Narendra Modi announced demonetization of currency notes of Rs 1000 and Rs 500. The decision evoked criticism from several opposition parties. The Congress described it as the biggest scam of post independence India.



UNI AR SHK1943

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