Congress 'incapable' of understanding aim of note ban: BJP

Robyn Valdez
October 27, 2017

He said the statements by the Congress and its leaders showed that they had not understood the objective behind demonetisation.

Attacking the Congress, Jaitley said, "They had adequate opportunity to remain in power, and I can not recall a single significant step that they ever took against black money".

The Finance Minister launched a scathing attack on the Congress party, saying when it was in power, it never took any serious step to curb black money.

Apparently referring to the opposition criticism, Jaitley said it was normal for political parties which had a number of opportunities to be in power earlier, to not recognise that the squeeze on black money and the other steps can not be achieved through baby steps. The move, for which the BJP is still struggling to give a credible explanation, had wreaked havoc on the lives of common citizens who had to queue up for hours, at times even days, outside banks to get their demonetised notes deposited in their accounts or exchanged for legal tender. He said demonetisation brought money in the formal economic system.

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Jaitley clarified that "mere entry into the system doesn't legitimise" this money. "Eighteen lakh people have been found to have deposited money disproportionate to their source of income".

Delinking polls with the pan-India campaign, Jaitley said, "The party and the government feels the people are cleverer than you or me".

He also said that confiscation of the money was never the object to the demonetisation. He said, "squeezing the quantum of cash, increasing the tax base, increasing digitilisation and squeezing the resources of terrorists, detecting the counterfeit currencies" were the objectives.

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.

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"This is a crude joke with the people of India", Sharma said in a retort to BJP's plan to mark November 8 as anti-blackmoney day.

"There was a parallel black money economy in the country".

Senior BJP leaders will fan out across the country to inform the public about the benefits of demonetisation as part of the plan to observe November 8 as "anti-black money day". "If there is an ideological polarisation over a debate on November 8 over the issue of pro-excess cash economy and anti-black money, then the BJP will definitely take it forward", Jaitley said. "It just shows how ill-conceived it was".

On November 8, the party will organise programmes highlighting all the steps the government has taken against black money.

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Other reports by Info About Network

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