Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Politics
2-min read

Demonetisation Alone Not to Impact Assembly Polls: Chidambaram

Former Union Finance Minister P Chidambaram on said demonetisation alone is unlikely to impact the outcome of forthcoming elections in five states, including Uttar Pradesh and Punjab.

Press Trust Of India

Updated:January 28, 2017, 8:10 AM IST
facebookTwitterskypewhatsapp
Demonetisation Alone Not to Impact Assembly Polls: Chidambaram
File image of Congress leader and former Finance Minister P Chidambaram. (Image: PTI)
Loading...

Guwahati: Former Union Finance Minister P Chidambaram on said demonetisation alone is unlikely to impact the outcome of forthcoming elections in five states, including Uttar Pradesh and Punjab.

"It is difficult to say about election results whether demonetisation will have any impact. Elections are fought on multiple issues and each state has different issues," he said.

Delivering a lecture on the launch of 'Anjan Dutta Foundation', the senior Congress leader said there is no straight fight in any of the states against any party supporting the demonetisation drive.

"In Punjab, the main issue is drug menace, which is not an issue in Goa or Uttarakhand. In Manipur, the Meitei issue is prime. Likewise, the issues in Goa and Uttarakhand are different," he added.

Talking about the high-pitched battle in Uttar Pradesh, Chidambaram said the main contest in the state will be a triangular one.

"So, only one issue never decides the outcome of any election. It is always various issues," he said.

On peoples' support to demonetisation, Chidambaram said it is there at present with a hope that the exercise will end black money and corruption from the society.

"In 3-4 months, when people will see that it is not happening, they will not support it anymore," he said, adding Indian people are very tolerant and they should get an award for being the "most tolerant people of the world".

Terming the decision of demonetisation as "nonsensical, ill-conceived and horribly managed", the former Union minister said it will take at least two years to get back the rhythm of Indian economy.

"We are paying the price for allowing the power to be concentrated in one hand. Entire economy has crippled, shrunk.

It will grow at a much lower pace," he added.

Chidambaram said unless the roots of black money, corruption and terrorism are addressed, these problems cannot be solved at all.

"This is a complete hoax to say demonetisation will end black money, corruption and terrorism. I challenge the Prime Minister to declare that nobody will ask for the bribe in future," he added.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Puja Menon
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results