Arun Jaitley: Opposition devoted to cash dominated economy

Finance Minister Arun Jaitley

He alleged that the Prime Minister and Finance Minster Arun Jaitley "refuse to get down of the high horse of arrogance and autocracy".

BJP will observe November 8 as anti-black money day.

All the prominent leaders, ministers, MPs and MLAs of BJP will hold a slew of programmes across the country and will highlight the achievements of the government after demonetisation. "The Finance Minister should have used the words before understanding it", he added. He said since the government was formed in 2014, from day one it had taken steps against black money.

"The Congress had adequate opportunity to be in power".

While banks remain the main source of funding for India's companies, the stubborn bad debt problem has eaten into bank profits and choked off new lending, especially to smaller firms, at a time when an economy that depends on them is stalling.

"It is understandable that it would never be on the political agenda of their leadership. If there is an ideological polarisation over a debate on November 8 over the issue of pro-excess cash economy and anti-black money, then the BJP will definitely take it forward", Jaitley said.


The Opposition parties, led by the Congress, had said that they would observe "black day" on November 8 to registered their protest against the demonetisation, which was announced on the same day past year.

Rahul's tweet was a pun on the famous line "May the Force be with you" from the Star Wars movies and indicated his belief that Jaitley's optimistic forecast for the economy was a "farce" created to mislead the people of the country.

Jaitley hit out at the Congress for the state of banks and the legacy inherited by the Government.

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

Asked if the BJPs drive was because of "perceived criticism" of demonetisation among the masses, Jaitley said people are wise and had been voting resoundingly in the partys favour during elections that have taken place after the decision.

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