[New Delhi]Jaitetly Attacks Scandalous Congress’s Uncomfortable Behavior And Gives Progress of Govt’s Remonetisation Exercise.
Finance Minister Arun Jaitley today said the party’s “scandalous record” is making it extremely uncomfortable with the Modi government’s anti-corruption campaign of which the demonetisation of high value currency is a cornerstone.
Jaitley said the Congress party during its 10 year continuous rule from 2004 to 2014 did not take a single step either against corruption or black money.
Corruption scandals – ranging from 2G spectrum scam to coal block allocation to Commonwealth Games to deal with AugustaWestland for procuring VVIP helicopters – peaked during the UPA regime,
In a Press Conference He Said
High denomination notes, as percentage of total currency in circulation, increased from a mere 36 per cent to over 80 per cent during UPA regime, he said in oblique reference to ill-gotten money usually being hoarded in high denominations.
“There are economic costs of dealing in cash, there are social costs of dealing in cash. These are the costs which system has to bear,”
Demonetisation, he said, is part of the system overhaul by the NDA government.
F M Assured that Cash will exist but there would be greater digital payments.
“Notwithstanding some transient problem which people have to face, we are now rapidly completing remonetisation exercise.