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Chidambaram says add another Rs 50,000 cr as cost of note ban

Chidambaram says add another Rs 50,000 cr as cost of note ban

New Delhi, Aug 11 (IANS) In yet another jibe at the government over demonetisation, former Finance Minister P. Chidambaram on Friday said another Rs 50,000 crore should be added to the cost of the note ban exercise that was undertaken last year.

"Cost of demonetisation: Add another Rs 50,000 crore revealed by RBI," he tweeted in the wake of an RBI statement that it would pay Rs 30,659 crore as dividend to the government in 2016-17, less than half of the dividend transferred a year earlier.

 

He also asked whether RBI would reveal the breakdown of the Rs 50,000 crore "loss/expenditure".

"Will RBI also tell us cost of destroying old notes and cost of printing new/replacement notes," Chidambaram asked in another tweet.

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Chidambaram says add another Rs 50,000 cr as cost of note ban

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.