BJP to observe Nov 8 as 'Anti-Black Money Day'

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The BJP today announced it will mark the first anniversary of demonetisation on November 8 as anti-blackmoney day, setting up a political tug of war with opposition parties which have planned to observe it as a "black day". "The party has chose to celebrate the day as anti-black money day", Union Finance Minister Arun Jaitley said, while addressing the media on Wednesday.

"Whatever the Finance Minister said about the economy is not true".

The special investigation team (SIT), to go into black money, which was directed by the Supreme Court in 2011 and was not acted upon by the previous UPA government, was formed by the NDA, the Finance Minister said.

Scoffing at finance minister Arun Jaitley's statement claiming a massive growth in GDP in the last three years, the Gandhi scion said in a tweet: "Mr Jaitley, May the Farce be with you". He pointed out that sale of gold through digital transactions doubled this time on dhanteras festival.

Apparently referring to the opposition criticism, Jaitley said it was normal for political parties which had a number of opportunities to be in power earlier not recognize that the squeeze on black money and the other steps can not be achieved through baby steps. He said the government had already taken steps in that direction by amending the SARFAESI Act, introducing the Insolvency Code and merging SBI subsidiaries. I can understand their discomfort. "The government feels the economy should be a less cash economy, the opposition believes the economy should be cash dominated", he said.

The BJPs move comes after around 18 opposition parties, including the Congress and Left, announced that they would observe November 8 as black day against demonetisation which they termed as the governments "most ill-conceived decision".

"The Congress had adequate opportunity while being in power, but can't recollect a single step that they took against black money.Those who ruined the nation are now giving sermons", he added.

A CPM statement said the government moves came at a time when the banks were burdened by gigantic non-performing assets.

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