India's ruling party to observe November 8 as "anti-black money" day

Geneva Matthews
October 26, 2017

BJP workers will go across the length and breadth of the country to highlight the measures taken by the Government in curbing black money.

India's ruling Bharatiya Janata Party Wednesday said it will observe November 8 as "anti- black money" day throughout the country. "The steps taken by National Democratic Alliance government are not small", he said.

Congress leader Ghulam Nabi Azad on Tuesday said, "18-Party Opposition Coordination Committee met yesterday and chose to observe November 8 as a "black day" due to demonetisation". Congress' senior spokesperson Anand Sharma hit out at Prime Minister Narendra Modi and demanded that he introspect, apologise to the nation and demit office for his "reckless decision". "On November 8, the BJP will celebrate "Anti-Black Money Day" and mobilize people in favour of the steps taken against black money", Jaitley told reporters here. "The Finance Minister should have used the words before understanding it", he added.

"The account holders in Liechtenstein and HSBC have all been assessed and criminal action has been filed against them".

Congress Vice President Rahul Gandhi also took a swipe at Finance Minister Arun Jaitley over a PIB tweet in which the government claimed that the "real GDP growth average is 7.5 per cent in last 3 years".

The Indian government approved on Tuesday a state bank recapitalisation plan of 2.11 trillion rupees (US$32.43 billion) over the next two years, in a bid to clean banks' books and revive investment in a slowing economy.

"Various bank accounts were illegal and cases were filed against the holders. All the three steps were the positive results of demonetisation and along with GST it would make cash generation hard". It was a huge step for squeezing cash economy, cash-based transactions and widened the tax base.

"The Congress had adequate opportunity to be in power".

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