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Modi calls upon people for a corruption-free India : What panics the oppositions? Over Rs. 2.5 lakhs mismatched deposit will be punishable
TIWN Nov 10, 2016
Modi calls upon people for a corruption-free India : What panics the oppositions? Over Rs. 2.5 lakhs mismatched deposit will be punishable
PHOTO : Reserve Bank to launch new notes in India. TIWN File Photo.

AGARTALA Nov 10 (TIWN): Whereas Indians have been geared up in patriotic fervor, for the step taken against fake currency, terrorist funded black money, the oppositions are crying for common people’s problems. Question arises, what does panic them if they holding a clean character ? Terming his government's decision to demonetise Rs 500 and Rs 1,000 currency notes as a "historic step to fight corruption", Prime Minister Narendra Modi on Wednesday called upon people to work together for a corruption-free India. "A historic step to fight corruption, black money and terrorism," Modi said on Twitter a day after announcing the decision to axe Rs 500 and Rs 1,000 notes.With megastar Rajinikanth joining a host of actors to laud the Prime Minister for the move.

Modi took the opportunity to call upon the people to join the fight against corruption and black money, he said.

"Thank you. All of us have to work shoulder to shoulder and create a prosperous, inclusive and corruption-free India," posted Modi.In reply to Rajinikanth's tweet, "Hats off Narendra Modiji. New India is born, Jai Hind".

But the oppositions are protesting this move claiming that Modi govt has put the public in trouble. West Bengal Chief Minister Mamata Banerjee said, ‘How my little brothers and sisters will buy ata, chal?’

Tripura Chief Minister Manik Sarkar on Wednesday termed demonetisation of Rs 500 and Rs 1,000 denomination currency notes as a political gimmick. "Sudden scrapping of Rs 500 and Rs 1,000 denomination currency notes is just a political gimmick and an impractical move by the Central government," Sarkar told reporters here.He said that Prime Minister Narendra Modi, while announcing the scrapping of these currency notes, specified four issues -- curbing black money, stopping circulation of fake currencies, preventing transaction of money by the terrorists and curbing corruption."None of the issues would be resolved through this step," he stressed.

Sarkar, a Communist Party of India-Marxist politburo member, said the billionaires and black money holders do not keep money in their homes but in foreign banks."Black money in enormous quantities are deposited in foreign banks by the people who illegally earn it. The BJP (Bharatiya Janata Party) led by Modi in their pre-poll economic promises had assured the countrymen that they would bring back the black money in the country within 100 days."Now, they have governed the country for more than 900 days, but nothing has been done."

He said that the new Rs 500 and Rs 2,000 denomination currency notes can also be faked.The Tripura Chief Minister said that the move is aimed at diverting the attention of people from genuine problems of the country being faced by the people.He said that the banking services are also not available everywhere in the country and to everybody in India. "Due to sudden scrapping of Rs 500 and Rs 1,000 denomination currency notes, people have fallen in serious distress. These sufferings of the people could have been avoided if the Central government had taken advance steps in this regard," Sarkar added.

Counter attacking Tripura Chief Minister Manik Sarkar after he called Narendra Modi's action as merely a ‘gimmick’, in a press meet held on Wednesday at 6 PM, Biplab Deb at 7 PM in another press meet at BJP Party Office said, “Manik Sarkar doesn’t know the meaning of gimmick at all. As the Chief Minister it was his duty to sustain the people of Tripura, but not to demoralize them”. “In that Press meet he could easily console the public by asking them not to be panic but to go the bank and deposit the money or to take change from Thursday. But he troubled the people by creating unnecessary confusions”, said Deb.

“Pakistan distributed all fake currencies now have been hacked but it is a surprise that opposition parties are unnecessarily becoming panic, rather than becoming happy”, said Deb. 

Union Finance Minister Arun Jaitley on Wednesday said tax collections will go up considerably in the medium-to-long term as more people will come under the tax net due to the demonetisation of Rs 500 and Rs 1,000 currency notes.

"In the medium and long term, direct and indirect tax collection will increase. Lot of currency outside the banking system perforce will have to get into the system," Jaitley said at a press briefing here. "But how much currency in the market comes back into the banking system, we will come to know only with time," he said, adding that he expected the supply of high denomination currency notes to stabilise in three-four weeks.

But now the opposition parties having much problems as more than Rs. 2.5 lakhs mismatching deposit will be considered as punishable.


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