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

Arun jaitley arun jaitley gst arun jaitley bharatmala bharatmala project arun jaitley jaitley bharatmala arun jaitley new project arun jaitley on economy arun jaitley on railways

The BJP today announced it will mark the first anniversary of demonetisation on November 8 as anti-blackmoney day, setting up a political tug of war with opposition parties which have planned to observe it as a "black day". When the NDA government came to power (May 2014), Prime Minister Narendra Modi took steps to minimise and end it. "Jaitley's claim that India's economy is the world's fastest growing is incorrect and factually wrong", said Congress spokesperson Anand Sharma while briefing mediapersons. "If morality is still a virtue in India's polity, then it is time for PM Modi to introspect and demit office besides apologising for the unpardonable blunder", Sharma said. Jaitley said: "They can definitely observe it (November 8) as black day, it proves their devotion to a cash dominated economy". He accused Jaitley of making a "desperate" attempt to save the BJP as the "ground is slipping from beneath" its feet.

In a stimulus package aimed to boost flagging economic growth, create jobs and increase credit flow, the cabinet on Tuesday approved a Rs2.11 trillion recapitalisation plan for state-run banks and massive road infrastructure investment of almost Rs7 trillion over five years.

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Jaitley listed out steps, including constitution of an SIT, benami law and reworking of Indias double taxation avoidance agreement with some countries besides demonetisation to argue that the government has been working to curb black money. "What has been said about the economy is not true.It is wrong to say that the country's economic fundamentals are strong". Commenting on fiscal deficit, Garg said the government is committed to sticking to the target of 3.2 percent of GDP for the current fiscal but added that a review would be done in December. "The government feels the economy should be a less cash economy, the opposition believes the economy should be cash dominated", he said.

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