Don't term it 'surgical strike', PM Modi goes emotional in BJP meet

New Delhi: Asserting the Demonetisation of old Rs 500 and Rs 1000 notes should not be dubbed as 'surgical strike', the BJP Parliamentary Party meeting headed by Prime Minister Narendra Modi on Tuesday resolved to rally behind the move and thwart the misinformation campaign of the opposition parties in this regard.

An emotional Modi pointed out that opposition was spreading all sorts of rumours against the move which was causing problems to the people. He asked the Bharatiya Janata Party leaders to go to the public and tell them how it would benefit them.

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The meeting which passed a resolution in support of the demonetisation was addressed by Finance Minister Arun Jaitley who spoke at length to apprise the meeting of the follow up steps taken by the government. The Finance Minister said that the government was ready to discuss the issue in Parliament but opposition parties were trying new tactics to disrupt the Parliament proceedings.

Describing the decision as the 'historic' one which required utmost courage to get implemented, Jaitley said even 20 years down the line, people would appreciate how good the move was to curb the menace the black money. He also explained the fresh steps being taken by the Centre for rural areas of the country.

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What else Jaitley said:

• The demonetisation step has been taken to curb the black money, tax non-compliance practise, terrorism and corruption in the country. It is a historical step and has been welcomed by the country except few people, he stated.
• While general commerce might still suffer for few days, the Central government is planning to focus on agricultural sector since Rabi season is coming.
• Every nation's Gross Domestic Product (GDP) includes 4 per cent of its currency while in India the role of currency in economy is 12 per cent .
• The increase in flow of currency leads to increase in cash business which in turn increases the practice of black money holding, black marketing, corruption, tax non-compliance and terrorism.

• This step has been taken to curb this cash flow and bring liquidity to the banks.

• Demonetisation would benefit the farmers and the rural population the most.
• The country is being run on loans due to increased fiscal deficit.
• The sole reason for rural area lacking behind in development is the loans which we are repaying.
• The step would create an environment in which everyone would have to pay taxes and it would lessen the fiscal deficit.
• I assure you all that this step is for nation's benefit and urge you not to call it a surgical strike.

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