BJP to observe 8th November as anti-black money day

Posted October 26, 2017

"The party has made a decision to celebrate the day as anti-black money day", Union Finance Minister Arun Jaitley said, while addressing the media on Wednesday. Jaitley presented an optimistic picture of the state of the economy, insisting that the Indian economy remains on a strong wicket with sound macro-economic fundamentals.

India's ruling Bharatiya Janata Party Wednesday said it will observe November 8 as "anti- black money" day throughout the country.

On November 8, the party will organise programmes highlighting all the steps the government has taken against black money. He said the government had already taken steps in that direction by amending the SARFAESI Act, introducing the Insolvency Code and merging SBI subsidiaries.

Listing the government's steps to counter corruption and black money, Jaitley hit out at the opposition Congress for observing the demonetisation anniversary as "Black Day".

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.

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

The finance minister also said that post the implementation of goods and services tax in the nation, a new transition phase had heralded in the country, which would make cash generation hard.

"Various account holders in banks which were illegal, cases were filed against them. It was a huge step towards squeezing cash currency", he said.

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

Addressing a press conference here, Jaitley also attacked the Congress over its criticism of the demonetisation drive announced on November 8 past year. "All the three steps were the positive results of demonetisation and along with GST it would make cash generation hard".