In a bid to counter the opposition campaign, the BJP will celebrate November 8, the day high value currencies were demonetised past year, as "Anti-Black Money Day" across the country.
While the Opposition announced on Tuesday that they would mark November 8, 2017, as "Black Day", Finance Minister Arun Jaitley addressing a press conference on Wednesday said that the BJP would celebrate November 8, 2017, as "Anti-Black Money Day" across the nation.
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.'
The move came as a counter to Congress led 18 party opposition parties move to observe Nov.8 as Black Day with protests and rallies in different states to highlight the cash crunch and economic slowdown that followed demonetization.
"Congress had adequate opportunity to be in power, and I can't recollect a single significant step that they ever took against black money", said Jaitley. "This displays their inadequate understanding", Jaitley said. This money was now getting taxed and hence, entering the lawful system. 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. "So now they are held accountable to pay tax", he said.
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Jaitley clarified that "mere entry into the system doesn't legitimise" this money.
"Not the confiscation of money but squeezing the quantum of cash was the objective of demonetisation".
"One we have the fundamentals on the subject correct, they (opposition parties) will be able to appreciate it better", Mr Jaitley said.
"The BJP is so drunk with power that it wants to celebrate the "Demon of Demonetisation", the joint statement said. "Whatever has been said about the economy is not true. The finance minister claiming that India's economy is the world's fastest growing is incorrect and factually wrong", Sharma told reporters, adding that China was five times bigger economy which was growing faster than India's. Sharma said the Government had now realised the "bad condition" of the economy and woken up to the situation by announcing a financial package.
He also said that against Rs 1,01,183 crore blackmoney unearthed during 2013-14, only Rs 29,211 crore was unearthed during 2016-17 and a total Rs 17,526 crore detected as "undisclosed income" during the current year.