Demonetisation biggest blunder in 70 years: Former NDA minister, Arun Shourie

Former Union Minister Arun Shourie called the PM Narendra Modi’s demonetisation drive the ‘greatest blunder in economic policy or 70 years’ on Tuesday. Shourie, who was a minister in the NDA-I government during the time of former Prime Minister Atal Bihari Vajpayee, said that the Reserve Bank of India (RBI) governor acted like the under secretary to the Ministry of Finance in this case. Speaking about the decision and the allegations about it being a solo decision taken by the PM, Shourie said that this was a symptom of the pattern of government with no consultation and might be repeated in the future.