Manmohan Singh for calling demonetisation an "organised loot" +Demonetisation and GST roll-out have become major issues in the assembly elections in Gujarat and Himachal Pradesh +NEW DELHI: Finance Minister Arun Jaitley on Tuesday contested Congress leader, insisting the exercise was an "ethical drive and a moral step" that made corruption difficult.The loot is what happened in 2G scam, commonwealth games and allocation of coal blocks, whereas demonetisation was an economic exercise based on ethical and moral rationales, Jaitley told reporters here. "An anti-black money drive is (an) ethical drive, a moral step. "The Congress' main aim is to serve the family whereas BJP wants to serve the nation. "Elaborating on the benefits of demonetisation, the minister said it was aimed at making India a more formal economy with a broader tax base and less cash in the system. "Less cash in the system may not end corruption but makes corruption difficult," he said, adding terror funding got "squeezed" post-demonetisation.

Source: Times of India November 07, 2017 11:41 UTC