• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 114
    BJP 109
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 68
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Separatists ‘starved’ of funding post demonetisation, NIA crackdown: Arun Jaitley

By: | Published: August 20, 2017 4:12 PM

Union Finance Minister Arun Jaitley on Sunday said the following the November 8 demonetisation drive and the recent National Investigation Agency crackdown, the Separatists are being starved of foreign funding, urging the need to end armed militancy in the Valley.

demonetisation, demonetisation news, demonetisation latest news, demonetisation drive, demonetisation india, demonetisation impact, demonetisation impact on separatists, nia crackdown, arun jaitley, arun jaitley news, arun jaitley latest news, arun jaitley on demonetisationArun Jaitley urged that in order to resolve the ongoing crisis in Jammu and Kashmir, there is a need to end insurgency and armed militancy in the Valley. (Reuters)

Union Finance Minister Arun Jaitley on Sunday said the following the November 8 demonetisation drive and the recent National Investigation Agency (NIA) crackdown, the Separatists are being starved of foreign funding, urging the need to end armed militancy in the Valley. Addressing the gathering at the New India Pledge Programme here, Jaitley asserted that with the current ‘fund squeeze’, the Separatists are left with a crunch in their activist numbers. “After demonetisation and the NIA enquiry on Separatists’ foreign funding, there has been a severe fund squeeze. Earlier, on one command, hundreds of people would gather to create commotion and resort to stone pelting. With the current fund squeeze, they are hardly able to gather 25 to 50 people,” he said.

Further, Jaitley urged that in order to resolve the ongoing crisis in Jammu and Kashmir, there is a need to end insurgency and armed militancy in the Valley. “On one hand, we have a neighbour who uses terrorism as a weapon. On top of that, there is also stone pelting, insurgency and ceasefire violation. However, now, our Armed forces are at a dominant position,” said Jaitley.

Outlining the shortcomings of the previous government in power, Jaitley assured that under the leadership of Prime Minister Narendra Modi, the Centre is ‘ready to take any harsh decisions or risks, keeping national interest in mind.’ “Until over three years ago, there was rampant corruption and lack of decision-making. When Sushma ji and I were leaders of the Opposition, it was an easy job. Regularly, corruption cases emerged, we had to collect data and put before the nation. With Prime Minister Modi’s approach, I can assure you that the Centre will not hold back from taking risks and harsh decisions where required,” he said.

Highlighting the importance of the Goods and Services Tax (GST) in formalizing trade, Jaitley said the new tax reform coupled with demonetisation and other economic reforms of the recent past will ensure that a stringent system is in place.

Further, Jaitley said real time information will soon be gathered from abroad, following which those who have deposited money abroad to avoid double taxation will have to face strict consequences. “We have introduced new measures to seize benami property and shell companies. Defaulters will now understand the consequence of non-compliance with the norms. The system in place will ensure strict compliance, and curb any kind of evasion of the law,” said Jaitley.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition