Demonetisation debate: Speaking on the ongoing cash crunch and black money fight in the country, Finance Minister Arun Jaitley today said, “We are now rapidly completing the demonetisation scheme and significant amounts will be injected in next 3 weeks.” Boosting Prime Minister Narendra Modi’s push for digital economy, he also said that future transactions will be substantially digital and once they are, wrongdoers will be caught in the tax net. However, he also took the opportunity of blasting the Congress for its scam record under UPA dispensation and said that this is the reason why it is uncomfortable with anti-corruption steps.
Jaitley has urged the opposition that the government is ready to debate this issue in Parliament. “Please rise above slogans and join this campaign,” he added further. Speaking on the increasing money laundering cases that have come up post the note ban announcement, Jaitley has warned offenders by saying, “Kuch log is paristhithi ka duropyog bhi kar rahe hain, har ek ko pakda jayega aur phir kanoon apna kaam karega” (some people are misusing the situation, everyone will be caught and then the judiciary will act upon them).
The Finance Minister further accused the opposition (Congress) for not taking any steps against corruption or black money while they were in power. Jaitley’s remarks comes soon after Congress Vice President Rahul Gandhi took a jib at the cash crunch in Uttar Pradesh earlier today. He said that the cash crisis will not get sorted in 50 days as said by the PM. The whole country will have to pay for it for years. Taunting the Prime Minister he further said, “Modi ji cashless toh aapne bana diya, kisike pass cash nahi hai, poori duniya ro rhi hai” (You have made the country cash less, no one has cash and the entire nation is crying).
Even former Finance Minister and Congress leader P. Chidambaram today said that the entire demonetisation move is indeed a monumental mismanagement and the government did not do its calculation before implementing it. He also claimed that the situation is not likely to improve in 50 days. It will take nearly 7 months for the crisis to end, he added.