Saturday, June 15, 2024
ADVT 
India

Demonetisation Move To Create, Not Curb, Black Money: Kejriwal

IANS, 19 Nov, 2016 02:32 PM
    Continuing his attack on the Centre, Delhi Chief Minister Arvind Kejriwal on Saturday alleged the decision to demonetise 500 and 1,000 rupee notes was not aimed at curbing black money but to "create black money".
     
    The Aam Aadmi Party (AAP) leader reiterated that the November 8 demonetisation is the "biggest scam of independent India, involving Rs 8 lakh crore". 
     
    "(Prime Minister Narendra) Modi ji is not serious about curbing black money. His intention is not good. This decision is to create black money," Kejriwal said in a live video chat on his Facebook page. 
     
    "This is not Modi vs Kejriwal; now, it's Modi vs the rest of the country."
     
    The AAP national convener alleged that the State Bank of India has waived loans of Rs 6,000 crore sanctioned to 63 capitalists in three days after demonetisation announcement. 
     
    "(Liquor baron) Vijay Mallya is one of these capitalists, whose loan of Rs 1,200 crore has been waived by the State Bank of India," Kejriwal alleged. 
     
     
    Kejriwal said loans totalling Rs 8 lakh crore were sanctioned to big corporate houses run by these capitalists. He alleged that the corporate houses siphoned off the money or it was partly written off by banks.
     
    He said the Centre had already waived loans of Rs 1.14 lakh crore given to these corporate houses. 
     
    "This demonetisation is a conspiracy. The government expects to net 10-11 lakh crore rupees by asking people to surrender the spiked currency and write off the bad debts," the AAP leader said. 
     
    He appealed to the people to ponder as to how the launch of Rs 2,000 note will stop black money.
     
    "Earlier, you had to carry 50 notes of Rs 1,000; now you will have to carry half of the number of notes for the same amount. You tell -- will this (decision) encourage corruption and bribe or not? This will help the black money hoarders," Kejriwal said. 
     
    He cited an example from Gujarat where an official was caught three days ago while receiving Rs 3 lakh bribe in new Rs 2,000 notes. He also gave several other examples from Madhya Pradesh and Assam where government employees were caught red handed with bribes in 2,000 rupee notes. 
     
     
    "How did these people manage to exchange lakhs of rupees when people get to exchange only Rs 2,000 (earlier Rs 4,500 and Rs 4,000). It means black money hoarders are able to get money through the back door. Only the common man is being troubled," the Delhi Chief Minister said. 
     
    Kejriwal also accused Prime Minister Narendra Modi of corruption when he was Chief Minister of Gujarat, alleging there were Income Tax Department's documents that said two corporate houses had paid some Rs 40 crore bribe to Modi at that time.
     
    Showing some Income Tax files, Kejriwal said he was not aware about the veracity of these documents but stressed that an investigation should be conducted. 
     
    "The money spent during Modi's campaign (in the 2014 general elections) was not legal money. It was all black money. The Prime Minister should tell from whom and how much amount he had taken. He should ask those people to deposit their money (black) in banks," the AAP leader said. 
     
     
    "People are saying that Modi ji is the Prime Minister of the rich only and they have committed mistake by voting for him," he said. 

    MORE India ARTICLES

    All Akali Ministers Except Badals In Party's 1st List For Punjab Assembly Election

    All Akali Ministers Except Badals In Party's 1st List For Punjab Assembly Election
    Names of all Cabinet ministers of Punjab belonging to Shiromani Akali Dal (SAD) except for Chief Minister Parkash Singh Badal and his deputy Sukhbir Singh Badal figure in the first list of 69 party candidates for the 2017 assembly election released today.

    All Akali Ministers Except Badals In Party's 1st List For Punjab Assembly Election

    Bride-to-Be's Father Dies Of Heart Attack In Punjab’s Tarn Taran

    Bride-to-Be's Father Dies Of Heart Attack In Punjab’s Tarn Taran
    Victim Sukhdev Singh’s daughter was to get married on November 18. When he went to the market to buy grocery items and jewellery on Monday, shopkeepers refused to accept the old banknotes, said Darshan Singh, sarpanch of his village, Kalla.

    Bride-to-Be's Father Dies Of Heart Attack In Punjab’s Tarn Taran

    Globe And Mail Publisher Joins Rebel Media In Criticizing CBC Digital News

    Globe And Mail Publisher Joins Rebel Media In Criticizing CBC Digital News
    OTTAWA — The bastion of Canadian establishment journalism and a pugnacious media upstart took turns ripping into the publicly funded CBC in testimony Tuesday to the Commons Heritage committee.

    Globe And Mail Publisher Joins Rebel Media In Criticizing CBC Digital News

    3.5 Crores In Torn 500 and 1,000 Rupee Notes Found Floating In Guwahati River

    3.5 Crores In Torn 500 and 1,000 Rupee Notes Found Floating In Guwahati River
    The torn notes were recovered from a drain near Narengi railway station and in Bharalu river at Anil Nagar area of the state capital, the officer said.

    3.5 Crores In Torn 500 and 1,000 Rupee Notes Found Floating In Guwahati River

    No Water Sharing; Punjab Confronts SC Verdict With Assembly Resolution

    No Water Sharing; Punjab Confronts SC Verdict With Assembly Resolution
    Punjab Deputy Chief Minister Sukhbir Singh Badal on Wednesday dubbed the unanimous resolution adopted by the state assembly to say "no" to river water-sharing with other states as "historic" and said it had given the "final burial" to the Sutlej-Yamuna Link (SYL) canal issue.

    No Water Sharing; Punjab Confronts SC Verdict With Assembly Resolution

    Sutlej-Yamuna Link Issue: Bhupinder Singh Hooda Seeks President Rule In Punjab

    Sutlej-Yamuna Link Issue: Bhupinder Singh Hooda Seeks President Rule In Punjab
    Former Haryana chief minister Bhupinder Singh Hooda on Tuesday demanded the immediate imposition of President's Rule in Punjab till the Sutlej-Yamuna Link (SYL) canal is constructed.

    Sutlej-Yamuna Link Issue: Bhupinder Singh Hooda Seeks President Rule In Punjab