Economy

India To Observe 'Anti-Black Money Day' On November 8!

India To Observe 'Anti-Black Money Day' On November 8!

"It is understandable this would never be on political agenda of the Congress leadership", he added.

BJP leaders, from Prime Minister Modi to party president Amit Shah and a host of other union ministers and office bearers, have given multiple reasons to explain why demonetisation was a good step even as former RBI governor Raghuram Rajan and other officials of the reserve bank have hinted that Modi hadn't taken them into confidence before announcing the decision.

The finance minister also rejected the criticism that note ban decision did not expose black money, saying it came from those who did not understand its objects.

Jaitley said the Modi Government on its first day set up Special Investigation Team (SIT) and brought about changes in laws to fight out black money, gave last opportunity to bring oversees money with 50 per cent penalty, criminal cases filed in relation to oversees accounts and bilateral agreement signed with Switzerland to get real time information on the black money.

The Congress alleged that demonetisation had not unearthed any black money as most of the cash in circulation had returned to the system. This money was now getting taxed and hence, entering the lawful system.

"Mere entry of the cash into the system doesn't legitimise it".

Arun Jaitley said that the it will be an important programme for the party.

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"The PM should apologise to the nation", the Congress spokespersons demanded.

Targeting the opposition parties, Jaitley said that it is obvious that those parties which were in power couldn't take action against black money as squeezing black money is not possible through baby steps. But Jaitley cmaintained that major objectives behind demonetization of increasing the base of tax payers and digital transactions to make the country less reliant on cash have been achieved.

"November 8 will complete one year of demonetisation". "The objective of this amendment was to curb the purchase of gold and jewellery for conversion of black money".

"Those who ruined the nation are now giving sermons", he blasted out at the Congress and other parties as several opposition parties either jointly or separately have said that would observe November 8 as Black Day. But, before that the idea of launching pro- demonetisation campaign is to puncture the Opposition's November 8 plans.

He claimed that 18 opposition parties would be protesting in their own respective ways in all states.

The meeting was attended by Azad, O Brien, Yadav, Communist Party of India (CPI) Member of Parliament D. Raja, Dravida Munnetra Kazhagam (DMK) Member of Parliament Kanimozhi and Bahujan Samaj Party (BSP) Member of Parliament Satish Mishra.


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