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LATEST NEWS UPDATES | BJP MPs stall panel report flaying demonetisation

BJP MPs stall panel report flaying demonetisation

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published Published on Aug 30, 2017   modified Modified on Aug 30, 2017
-The Times of India

NEW DELHI: The parliamentary standing committee on finance failed on Tuesday to adopt two reports critical of the government — on demonetisation and on the revised formula for calculating growth — in the face of vocal opposition by BJP and some non-NDA parties.

The report on demonetisation, circulated in the morning ahead of the committee meeting, said the measure had cost the economy 1% of GDP. The other report said the National Sample Survey Office's new series for GDP had resulted in inaccurate and inflated growth figures.

The committee, chaired by Congress leader Veerappa Moily, saw fireworks as BJP members said the report on demonetisation was incomplete as it did not have responses of the RBI to the panel's queries. They said conclusions on the GDP series were contrary to evidence examined by the committee.

Congress leader Digvijay Singh, a member of the committee, is understood to have noted that members were not given much time to go through the report.

Faced with strenuous objections from NDA members, Moily agreed to defer the report's adoption. The report will now be considered by a reconstituted finance committee in September.

The deferment saved BJP from the embarrassment of a parliamentary committee report slamming a major Modi government initiative like demonetisation being adopted even with dissent notes. BJD leader Bhartruhari Mahtab criticised the demonetisation draft report as soft gloss.

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The Times of India, 30 August, 2017, http://timesofindia.indiatimes.com/india/bjp-mps-stall-panel-report-flaying-demonetisation/articleshow/60283874.cms


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