BJP, its friends knew about demonetisation move: Oppn in Rajya Sabha

November 16, 2016

New Delhi, Nov 16: Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties today alleged selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs one crore since April.

anandInitiating a debate after listed business was suspended to take up a discussion on the November 8 decision to withdraw old higher denomination currency, Anand Sharma (Cong) used wit and humour to attack Modi for being insensitive to problems caused to the common man.

He asked the Prime Minister to state where he got Rs 23,000-24,000 crore, estimated by the International Money Watch Group, for his Lok Sabha elections.

He also asked if cheque or credit card payments were made to organise his rally in Ghazipur in Uttar Pradesh a few days ago.

Alleging that the information on demonetisation was selectively leaked, he said, "your BJP units have deposited crores (just before the November 8 decision)."

As the debate was in progress, BSP chief Mayawati demanded the presence of the Prime Minister in the House to hear out the Opposition parties and address their concerns. Supporting her, Leader of Opposition Ghulam Nabi Azad said since Lok Sabha has adjourned for the day, Modi should hear out at least the major parties.

Quoting media reports, Sharma said State Bank of India - the country's largest lender - knew of the decision way back in March and a Gujarati newspaper had in April published a report of move to withdraw 500 and 1000 rupee notes.

He demanded a probe into "how many people bought more than Rs 1 crore of foreign currency and bullion" since April. "This is a serious issue... you never kept secrecy (about the decision)," Sharma said.

The "ill-timed" and "ill-conceived" move had unleashed "economic anarchy" in the country and benefited a few, he said, adding that to fight blackmoney created by higher denomination currency, a bigger Rs 2000 note has been brought which is similar to the paper on which 'churan' is sold and "shed colour" was brought.

"Your government is insensitive," he said adding Modi was riding a bullet train in Japan when old, women and common man were queueing up at banks at 3 am in the morning to get currency to buy their daily needs.

Sharma said Modi had in his Goa speech had stated that those standing in line at banks were those involved in 2G spectrum and coal scam as well as holding blackmoney.

"I condemn the Prime Minister for calling the poor standing in queue for his Rs 4000-4,500, blackmoney holders and scamster," he said.

Referring to Modi's statement in Goa last week that certain forces were out to eliminate him, the Congress leader asked him to name the conspirators wanting to eliminate Prime Minister of India. Congress will not tolerate anyone planning to harm the Prime Minister of the country, he said.

Taking a dig at the Modi, he said someone who "changes clothes five times a day", has become Prime Minister and travels around the globe was "calling himself a sanyasi and tapasvi".

Sharma demanded that the names of persons holding accounts in Swiss bank and those revealed in the Leichtenstein and HSBC lists should be made public. The names of bank loan defaulters above Rs 5000 crore should also be made public.

While the decision had put the common man to immense hardship by way of having to stand in long queues to lay hands on valid currency to meet daily needs, the information about demonetisation was selectively leaked to the "friends of BJP," Sharma alleged.

The move had branded 86 per cent of the currency in circulation blackmoney and "everyone a criminal," he said adding when Modi announced the plan it was expected that adequate arrangements would be made for dispensing new notes.

So banks and ATMs were shut on November 9 but the expectation of normalcy from next day were dashed with queues only getting longer by the day.

The government policy was to "benefit those who are your friends and hurt those who question you," he said adding an atmosphere has been created in the country where questions cannot be asked and those doing so branded anti-nationals.

"The magnanimous Prime Minister allowed Rs 4000 of old currency to be changed... what right does the Constitution give the government to place restrictions on withdrawal of ones hard-earned money," he asked, adding one has to "beg to be allowed to withdraw his own money."

He said former RBI Governor IG Patel had written about the government's decision to demonetise currency in 1978 and it would be absurd to think that all ill-gotten money is kept in cash and not invested in real estate, billion, equities or foreign exchange.

Modi, Sharma said, had reasoned that withdrawal of the higher denomination currency to fight against blackmoney, terrorist funding and counterfeit currency.

Congress is unequivocally opposed to blackmoney and opposes any force that print counterfeit currency.

Sharma said the government in one stroke took away 86.4 per cent of the over Rs 16 lakh crore currency in circulation. "Did the government think that 86 per cent of the currency in circulation was counterfeit or blackmoney," he asked.

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News Network
April 15,2020

New Delhi, Apr 15: CPI-M leader Sitaram Yechury has sought a substantial increase in relief spending of the Central government in the fight against coronavirus, saying that there should be cash transfer of Rs 7,500 to families not paying income tax and distribution of free foodgrains to all needy.

In an article in the forthcoming issue of the party's mouthpiece -- People's Democracy -- Yechury said that India ranks among the countries that are testing the least for the coronavirus and testing should be increased rapidly.

Yechury said the financial stimulus package should be raised from the current 0.8 per cent to at least 5 per cent of GDP and States should be provided liberal funding.

"We must ensure that there are no starvation deaths that occur in our country. It is, therefore, imperative that the government must immediately implement a Rs 7,500 ex gratia cash transfer to all non-income tax-paying families and resort to universal distribution of free foodgrains to all needy people," Yechury said.

He said all MGNREGA workers should be paid wages irrespective of work and employers should be assisted financially to protect workers from job losses and wage cuts and arrangement should be made for the return of migrant workers to their homes.

"Testing is of crucial importance to identify the clusters where the pandemic is spreading in order to isolate and insulate them to contain the community spread. Inadequate testing does not provide us with such information. It is dangerous both for the inability to contain the spread and to identify the critical areas," the article said.

It said that till April 9, India's record of testing was 0.092 per thousand, while in Germany it was 15.96, Italy 14.43, Australia 12.99, Denmark 10.73 and Canada 9.99. "Unless our testing rate increases substantially, our strength to combat the pandemic will not grow," the article said.

Yechury said that the first case in India was reported on January 30 and "no substantive measures were taken despite this for seven long weeks" until the declaration of the lockdown on March 24.

"As far as the lockdown is concerned, many countries in the world moved with greater urgency - China locked down Wuhan on January 23, the whole of Italy was locked down on March 10, USA declared a national emergency on March 13, Spain on March 14, France on March 17 and UK on March 23," he said.

Yechury said the people were looking forward to the Prime Minister's address to the nation on the last day of the three-week countrywide lockdown.

"These three weeks have thrown up many experiences that need to be addressed urgently in order, both, to strengthen our fight against the COVID-19 pandemic and to protect the lives and survival of crores of our fellow citizens. On none of these issues of vital importance did the Prime Minister have anything substantial to say," he said.

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News Network
February 22,2020

New Delhi, Feb 22: China is delaying grant of clearance to India's proposal to send an Indian Air Force flight to carry relief material for people affected by coronavirus in the neighbouring country and bring back Indians from its city of Wuhan, official sources said Saturday.

India was to send a C-17 military transport aircraft to Wuhan, the epicentre of the coronavirus outbreak, on February 20 but the plane could not take off as permission was not granted for the flight.

"China is deliberately delaying grant of clearance for the evacuation flight," a high-level source said.

The aircraft was to carry a large consignment of medical supplies to China and bring back more Indians from Wuhan.

Sources said the Chinese side continued to maintain that there was no delay in granting permission for the flight to go, but "inexplicably" the clearance has not been given.

In a letter to President Xi Jinping earlier this month, Prime Minister Narendra Modi conveyed India's solidarity to the people and government of China in meeting the challenge of the coronavirus outbreak and offered to provide assistance to the country.

India then put together relief supplies in pursuance of Modi's commitment as a token of India's solidarity, particularly in the 70th year of the anniversary of diplomatic relations between the two countries.

"These supplies have been offered even as India faces tremendous shortage itself, given our ethos of helping others in their hour of need," said a source aware of the issue.

The items being supplied are gloves, surgical masks, feeding pumps and defibrillators based on the requirements as indicated by the Chinese side.

India's national carrier Air India has already evacuated around 640 Indians from Wuhan in two separate flights.

According to estimates, over 100 Indians are still living in Wuhan. A sizeable number of countries have evacuated their citizens from China and restricted movement of people and goods to and from the country in view of the massive outbreak of coronavirus there.

Indian nationals in Wuhan continue their long wait for the flight. The delay is causing them and their family members in India tremendous mental anguish, said the sources.

They said relief and evacuation flights from other countries including by France are allowed to operate by China but the permission has not come through in India's case.

"Are they not interested in Indian aid provided as our token of support? Why are they creating roadblock in evacuating our nationals from Wuhan and putting them under hardship and mental agony?" said a person aware of the issue.

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News Network
June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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