BJP To Celebrate Demonetisation 1st Anniversary As Anti-Black Money Day: Arun Jaitley

| October 25 , 2017 , 16:58 IST

As the one year anniversary of the demonetisation that was announced on November 8, 2016, approaches, the ruling and Opposition parties have taken different approaches to marking the anniversary.

While the Opposition announced on Tuesday that they would mark November 8, 2017, as 'Black Day', Finance Minister Arun Jaitley addressing a press conference on Wednesday said that the BJP would celebrate November 8, 2017, as 'Anti-Black Money Day' across the nation.

"On 8th November 2017, BJP will celebrate ‘Anti-Black Money Day’ in the nation," said Jaitley, adding that ministers will travel across India to promote the day.

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"Those who have never fought black money were too happy with laundering cash into the system. Ownership of cash is not known, anyone can own cash. When cash gets deposited, it gets into the lawful system, he said.

Jaitley highlighted the benefits of demonetisation.

"Not the confiscation of money but squeezing the quantum of cash was the objective of demonetisation. The government has expanded digitisation and tax base across the country," said the finance minister.

Slamming the Congress, Arun Jaitley said that despite being in power, the Congress never took any step against black money.

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"Congress had adequate opportunity to be in power, and I can't recollect a single significant step that they ever took against black money," said Jaitley.

"They had reconciled to India living with a shadow economy. It is understandable this would never be on political agenda of Congress leadership," he added.

While the demonetisation and the implementation of Goods and Services Tax (GST) have been cited as reasons for the slowdown of the Indian economy, BJP national president Amit Shah infamously blamed the slowdown on 'technical reasons'.