Former Union Minister and senior Congress leader S Jaipal Reddy said he does not give importance about the likely political impact on PM Modi and BJP post demonetisation. In a programme of Murali Krishna's Encounter, the senior Congress leader said winning and defeat in Political election is quite common and no body can escape from it. Faulting PM Modi's decision on demonetisation drive, Jaipal Reddy has alleged that it will have drastic effect on the economy of the country. Former minister said that only 6 % Black money is physically available with persons, remaining Black money is stored in the form of lands, Gold and jewellery items. Senior Congress leader has alleged that the demonetisation drive launched by BJP led NDA government is not made with proper steps.