Party hits back at Mukul for criticising PM Modi
SHILLONG: A day after Mukul Sangma criticised Prime Minister Narendra Modi over demonetisation, the State BJP said the Chief Minister is misleading the public.
In a statement issued on Sunday, BJP spokesperson Basu Chakraborty said Modi’s decision to replace the high denominational currency requires both courage and will power. “The implementation of the decision came with pain. It can lead to short-term criticism and inconvenience. The decision involves high level of secrecy. Now the period of pain and inconveniences is getting over,” he said.
According to the BJP leader, economic activity is being restored after demonetisation.
“Banks today admittedly have a lot more cash with them to lend for growth. Lakhs of crores, which were floating in the market as loose currency, have now entered the banking system and consequently the size of the economy is bound to increase and GDP will be bigger and cleaner,” he said.
The State BJP leader said the difference between Narendra Modi and Rahul Gandhi is clear – the Prime Minister was thinking about the next generation while Gandhi was only looking at how to blame and disrupt Parliament. Chakraborty said the demonetisation seeks to change the expenditure pattern of the country. “It is obviously disruptive. All reforms are disruptive. They change the retrograde status quo. Demonetisation puts a premium on honesty and penalises dishonest conduct,” he added.
The BJP leader said the Modi Government had absolute clarity from day one that it would move against the shadow economy and black money. “Its first decision was to constitute SIT under the directions of the Supreme Court. Modi had proposed to the G20 at Brisbane that international cooperation in sharing information with regard to base erosion and profit shifting should be expedited and the NDA government completed its agreement with Switzerland.”
Three months have passed since Modi announced the decision to scrap high denominational currency notes. The black money law dealing with illegal assets outside the country opened a window for disclosure with 60 per cent tax and provides a 10-year imprisonment, he added.
“When 86 per cent of a country’s currency constituting 12.2 per cent of its GDP is squeezed out of the market and sought to be replaced by a new currency, there would obviously be significant consequences of that decision. Now that the queues outside the banks have disappeared and remonetisation has moved ahead, it will be worthwhile to analyse the rationale behind the decision and its impact,” he said.
The statement said any one is free to oppose the Prime Minister. “It is a democracy and you have to oppose because you are in the opposition at the Centre. But opposing attitude should be based on truth, whether you are unknown to the truth or you are misleading the people for your political mileage. A strong will is required to face the truth. Nobody can reduce the veracity of truth,” he said.