FinMin says, BJP will celebrate Demonetisation anniversary on Nov 8

Note ban Demonetisation

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

He said the Congress did not take a "single step" against black money.

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. "The entry into the formal system requires payment of tax and is not money laundering". "The Congress had adequate opportunity to be in power".

The ruling BJP wants to celebrate the day as demonetisation was introduced to fight against corruption, black money and terror funding, which the Centre believes has succeeded in fulfilling. "Mere entry of cash into the system does not legitimise it". Eighteen lakh people who have deposited monies because the deposit brings an end to the anonymity have been found as having deposited money disproportionate to their incomes.

Jaitley highlighted the benefits of demonetisation. "If morality is still a virtue in India's polity, then it is time for Modi to introspect and demit the office he holds, besides apologising to the nation for the unpardonable blunder and ordering an immediate investigation into the demonetisation scam".

"Confiscation of money was never the objective of demonetisation". 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.


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. Well, it is not an exaggeration if one says that the ill-effects of demonetization are still lying afresh in the memories of Indian citizens. "The goal of this amendment was to curb the purchase of gold and jewellery for conversion of black money". Therefore, the party has decided that on November 8 we will celebrate anti-black money day.

Leader of Opposition in the Rajya Sabha Ghulam Nabi Azad told the media here, "Possibly, this is the first time that a decision announced by the Prime Minister had to be changed 135 times".

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".

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

Leader of Communist Party of India, D. Raja on Thursday asked the Government about the record of black money recovered after demonetisation.

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