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His reaction came a day after Lieutenant General (Retd) D S Hooda, who was the Northern Army commander when the surgical strikes were carried out on September 29, 2016, across the Line of Control, said that there was “too much hype” over the operation and it was politicized.
In a series of tweets, Chidambaram said it was former Chief Economic Advisor (CEA) Arvind Subramanian, who first broke his silence by terming demonetization a “massive monetary shock”.
The former finance minister said that after Subramanian, the recently-retired Chief Election Commissioner O P Rawat said demonetization had no impact on the use of black money in elections.
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Last month, Subramanian had raised concerns related to note ban. Six months after resigning as CEA, he described demonetization as a “massive, draconian, monetary shock”.
Two days after his retirement, Rawat had said the note ban didn’t reduce the misuse of black money in elections but in fact, in some states, more seizures were reported compared to previous years.
The government had banned old Rs 1000 and Rs 500 notes on November 8, 2016, with an aim to check corruption and black money besides others.