Demonetisation was not required at all, says Manmohan; Jaitley believes principal objectives achieved
(WorldNews Business)

Arun Jaitley defends demonetization even as Manmohan Singh slams it for economic downturn. Former Prime Minister Manmohan Singh today said the economy is on a "downhill path" because of the "adventure" of demonetization undertaken last year which was not required at all, either technically or economically. Singh, a renowned economist considered to be the architect of the reforms of early 1990s, said demonetization has not been successful in any civilised country, except some of the Latin American nation. "I don't think demonetization was at all required... I don't think it was technically, economically necessary to launch this adventure," he said at the...