BJP, Congress lock horns over 'De-mon Day' on November 8

The big news BJP to observe ‘Anti-Black Money Day’ on note ban anniversary and 9 other top stories

Union Finance Minister Arun Jaitley on Wednesday said he couldn't recollect any significant step that the Congress had taken to curb black money during its tenure.

Jaitley alleged that the Congress had never attempted to fight the menace of black money, and was lashing out at the saffron party due to their "inadequate understanding" of the situation.

He pointed out that sale of gold through digital transactions doubled this time on "dhanteras" festival.

Stepping up his attack on the ruling BJP, the Congress leader said the government should apologise to the public for a step like demonestistaion.

The finance minister also hit out at the Congress for calling demonetisation the single biggest money laundering scheme and the "scam of the century" by asserting that the Congress had the adequate opportunity to be in power and yet it did not take any significant action to remove black money. The party said the Narendra Modi Government had "hurt" the economy and "put it in the ICU" with job losses and hardships to farmers and businessmen as well as labourers and common people.

"It is understandable that it would never be on the political agenda of their leadership. I can quite understand their discomfort".

Arun Jaitley's announcement of celebrating November 8 as "Anti-Black Money" Day came a day after the Opposition declared that it will observe the day as 'Black Day.' As it is going to be a year since the Narendra Modi government chose to ban Rs 500 and Rs 1,000 currency notes as a part of demonetisation on November 8 last year, both the Bharatiya Janata Party (BJP) government at the Centre and the Opposition are coming up with their own versions of "note ban".




"After demonetisation, what is the amount of black money that government got?" Jaitley said 18 lakh people who deposited money disproportionate to their income will have to pay tax now.

Leader of the Opposition in the Rajya Sabha Ghulam Nabi Azad told reporters that the Opposition parties have worked out a joint strategy and would register their protest against the November 8, 2016, demonetisation decision.

He said over 99 per cent of the money the prime minister had junked has returned to banks as it was genuine money of the people and not black money and only 0.0013 per cent of black money has been found. "The objective of this amendment was to curb the purchase of gold and jewellery for conversion of black money".

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

He asked the BJP: "How much black money have they been able to unearth because of demonetisation?"

The BJP has also announced to observe November 8 as anti-black money day across the country.

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