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Demonetisation exercise failed to extract black money from system: Congress

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New Delhi, 7 Dec 2016 : The Congress on Wednesaday said the government’s decision to ban high-denomination notes has badly jeopardised the economy and the exercise was a complete failure.

Describing the whole exercise to demonetise notes as giving birth to a stillborn child, Congress said the government has miserably failed to extract black money from the system.

“A month after Prime Minister Narendra Modi’s unilateral declaration of note ban, the economy of the country is badly jeopardised.

“This whole demonetisation exercise is a complete failure and yielded nothing. It has battered the economy, caused grave inconvenience to crores of people, caused the death of at least 84 people, and resulted in loss of lakhs of jobs,” Congress MP Sushmita Dev told media persons in the Parliament House precincts.

She said the government has “miserably failed” to extract the black money from the system through the demonetisation exercise.

“The Revenue Secretary (Hasmukh Adhia) said that the entire cash withdrawn from the system will be deposited back into the system.

“This effectively means the entire demonetisation exercise is a complete failure,” Dev added.

“When people have an option of converting their unaccounted black money into white and paying 49.9 per cent of tax as per the newly amended Income Tax law without any fear of prosecution, why would those people deposit their unaccounted wealth in banks, and get taxed 132 per cent?” she said.

She also asked Prime Minister Narendra Modi to explain the recovery of Rs 33 lakh in new Rs 2,000 notes from BJP leader Manish Sharma.

“Will Modiji explain how Rs 13,600 crore was discovered by Gujarat-based realtor Mahesh Shah and why was he given VIP treatment and is not yet arrested by government,” she asked.

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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Cinemas, theatres, multiplexes to open with up to 50% seating capacity from Oct 15

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Swimming pools for training of sportspersons to open with SOP from Oct 15

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SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance

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Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had a 22-year-old alliance with the BJP.

The decision was taken after a meeting of the Akali Dal’s Kaur Committee which lasted for more than four hours today. Mr. Sukhbir Singh Badal addressed the press after the meeting and announced that he would no longer be a part of BJP-NDA.

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