Defending the opposition’s move on government’s demonetization and observance of “Black Day” on first demonetization anniversary, Finance Minister Arun Jaitley on Wednesday announced the celebration of the anti-black day on 8th November 2017.
On this occasion, the government plans to organize various programmes to inform people about the steps taken to prevent infusion of black money in the economy. he further went on to mention the steps taken by the Modi government to counter black money.
He also clarified that the government intends to flush out huge amounts of black money stashed away was to increase the tax base, squeeze out terrorist funding and detect counterfeit money.
The BJP’s major step of observance of anti-black money day comes in the wake of 18 opposition parties condemned the government’s decision of demonetization as the “most ill-conceived and hasty decision”. In this regard a coordination committee from the opposition side met in the parliament on Monday led by the leader of the opposition in Rajya Sabha, to discuss the prospects of the “Black Day” to be held on 8th November 8th.
On November 8th last year Prime Minister Narendra Modi banned the currency notes of value 500 and 1000 and declared them non-functional in a bid to uproot corruption and black money which ended with a severe backlash of people standing in long queues, with ATMs running out of cash marking a slow remonetization process.
On Wednesday the Congress mocked the BJP government’s observance of “anti-black money day” as a “crude joke” and reiterated that it was nothing but just a mode of diverting the public attention from the BJP led NDA government’s failures and malfunction.
In a sharp reaction to Finance Minister Arun Jaitley’s PIB tweet which claimed that the nation’s average GDP growth in last 3 years is 7.5 %, the Congress Vice President Rahul Gandhi took a dig at him saying, ” Dear Mr. Jaitley, may the force be with you.”
In response to Rahul Gandhi’s harsh tweet, Arun Jaitley slammed back at the Congress saying that the party never took any steps to curb the menace of black money while in the regime. The Congress had adequate opportunity to be in power:” I can’t recollect a single significant step they ever took against black money. They had reconciled to India living with a shadow economy.” He hinted at the Congress discomfort of bringing the black money menace to the forefront and reiterated that “it would never be under the political agenda of their leadership.”
Another senior Congress leader Anand Sharma lashed out at Modi and Jaitley for showing “arrogance” and not admitting their “mistakes” of launching the demonetization and GST drive that severely hit the nation’s economy. Sharma further continued by saying that PM Modi and Jaitley’s observance of “anti-black money day” is just a smokescreen to defy the note ban move which returned only 99 % of the money that the government had dumped and only 0.0013 % of the black money was actually retrieved.
While Finance Minister Arun Jaitley strikes a positive note ahead of “anti-black money day” celebrating digital India initiatives and greater tax benefits, the opposition parties are rounding up against the Modi government and rebel 8th November as a “day of betrayal” or “Kala Diwas.”