Finance Minister Arun Jaitley in Aap Ki Adalat discusses demonetization of the Rs 500 and Rs 1000 notes

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After Indian Prime Minister Mr. Narendra Modi’s annoucement for demonetization of the Rs 500 and Rs 1000 notes, there are huge lines outside ATMs and Banks. People have many queries. They want their queries to get answered.

Govt is giving updates to public on almost hourly basis and making sure that the common people’s life doesn’t get disturbed.

Finance Minister Arun Jaitley himself is appearing on all channels to answer media questions. He is guest on Rajat Sharma’s famous show Aap Ki Adalat.

As reported by Mr. Jaitley said:

“We were to keep everything secret till Nov 8. You can’t say, we take a decision, press a button, and all the ATMs would function. It doesn’t work like this”. 

“As per precedent, on Nov 8 at 6 pm, RBI sent its formal recommendation to the government for demonetisation, at 7 pm the Cabinet was informed about the decision, all ministers stayed inside the room, till the Prime Minister announced it at 8 pm to the nation.”

“I know the two leaders (Mayawati and Mulayam Singh) are facing problems, …but there was no political motive behind this decision…. Yes, there will be a political effect, which I will not refuse to admit, that political funding for all parties, including BJP, will now become fully transparent. It was a misfortune that the world’s biggest democracy had no transparent funding mechanism in place till now.”

“His (Kejriwal’s) statements do not carry credibility any more. I checked about any particular surge in bank deposits during September and October, and I found that the maximum surge in bank deposits had taken place between August 31 and September 15, at a time when the arrears of Pay Commission were being disbursed.”

As per the promos released he is going to answer many questions on demonetization of the Rs 500 and Rs 1000 notes.

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