Demonetisation shows govt resolve to cure dreaded disease of black money: Jaitley

Accept demonetization was a blunder time to rebuild economy Manmohan Singh to PM Narendra Modi

The Cambridge-trained economist and former PM also called the new bullet train project "an exercise in vanity" and asked whether Modi even considered upgrading broad gauge railway instead.

Rupani, in a series of questions posed on Twitter under the hashtag "SpeakUpMMS", accused the UPA government of using the "full might of the state machinery" to subject Modi to a "witch hunt", and suggested that Singh's government had a "pro-Pakistan" stand.

His barb about "low-level rhetoric" was aimed at those in the BJP that react angrily to any criticism of the government's moves. Singh said that Gujarat has given India two of her most eminent sons - Mahatma Gandhi and Sardar Vallabhai Patel.

Vijay Rupani lashed at Manmohan Singh for his remarks at an event in Ahmedabad.

One of the objectives of demonetisation was to make India a less cash economy, Jaitley said.

"Tomorrow we mark one year since the disastrous policy was thrust on the people of our country", Singh said. "Nowhere in the world has any nation taken such a drastic step that sweeped off 86 per cent of the currency", said Singh. "The twin blows of demonetisation and GST have affected Indian economy", said Singh, citing figures to explain how imports from China have increased tremendously in the last fiscal.

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Refuting Singh's contention that demonetisation has not served any goal, Jaitley said the measure left exposed 18 lakh people as having disproportionate deposits.

Post both the steps, the fear of tax terrorism has eroded the confidence of businesses to invest, he said.

In contrast, Singh said of his time in power, "I can proudly say that we lifted 140 million people out of poverty".

Rupani also distributed copies of correspondence between the then Chief Minister Modi and Manmohan Singh, adding Modi wrote to the Prime Minister on January 17, May 17 and June 21, 2011 as well as on August 3, 2013 and September 7, 2013 as well as raising the issue during Manmohan Singh's visit to Ahmedabad on March 26, 2011 and again had discussed it in a meeting on February 2, 2013, on important issues related to the state, including raising the height of the dam. The quick repeat visit is being seen as evidence of how much the Congress is banking on the "ill-effects of GST".

The Opposition, especially the Congress, has repeatedly blamed demonetisation and the government's handling of the Goods and Services Tax for economic slowdown and unemployment in the country.

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