Anti-Black Money Day: The Finance Minister, Arun Jaitley has declared that 8th November will be celebrated as Anti-Black money day, as a celebration of the one-year completion of demonetization, which was done to filter out all the black money and clean up the country of it.
Highlights of Arun Jaitley’s address:
- The party has decided that on November 8, 2017, the BJP will celebrate anti-black money day in the nation. All the top leaders of the BJP and state chiefs will organize events on this theme and highlight the steps we have taken to curb black money in India.
- Whatever black money has been detected in bank accounts or anywhere else will be probed.
- Demonetisation was also a big step in making India a cashless currency. The primary three motives – reduction in the amount of cash transaction, increase in commercial transaction and increase the tax rate in the country have been achieved. Through GST we have got India into a transition phase.
- The probe against black money has not been achieved through baby steps.
- The Congress had adequate opportunity to be in power. I can’t recollect a single significant step that they took to curb black money.
- They (Congress) had reconciled to India living with a shadow economy. It is understandable this would never be on the political agenda of the Congress leadership.
- I think the Congress has not understood the concept of demonetization. The ownership of cash is not known; it is an anonymous owner. So when cash gets deposited in banks, what was being laundered earlier, now gets into the law books. So for entry into the lawful system, you are liable to pay tax. Those who had never paid tax in their life were happy with the laundering system.
- Once we have the fundamentals of the subject correct, we will be able to understand the subject better.
- The people who have ruined the nation will now give lectures? Between 2008 and 2011 there has been indiscriminate (money) laundering; there was no money left in the banks. They (Congress) kept fooling people of the nation. We have taken some time to correct their blunders.
- This (anti-black money) is not a one-time campaign. Such campaigns will continue because it is a part of the larger picture.