Winter session of Parliament LIVE: Debate on Demonetisation heats up

New Delhi: The government rebutted the opposition by stating that Anand Sharma, who has claimed that Congress supports ending corruption and terrorism is ill informed about Indian Economy. The power and Energy Minister, Piyush Goyal said on behalf of Government, "While Anand Sharma said that 86 percent of the currency was scrapped due to one decision, I want to tell the parliament that the decision was taken after a serious consideration and discussion with finance experts."

Giving a detail, Goyal further said, "I want to mention that the money RBI receives was being checked regularly and it was found that currency notes with some serials number were not coming into currency chest for a long time. It was noticed that those notes of Rs 500 and Rs 1000 that constituted almost 86 percent of the currency were not contributing to the economy. Those notes were not in circulation as they were held by black money holders. The government thus decided to scrap those notes and introduce new denomination currency notes to counter the problem of black money".

He further said that governments step is praiseworthy and even opposition has accepted it by naming it at surgical strike. " We never called this demonetisation step as surgical strike. You all have given it this name."

Honest have been honoured:

• Addressing the RS, Goyal also said that fr the first time in the history of India Honest have been honoured and corrupts are in pain.
• There is no issue with an honest common man depositing money in banks, withdrawing their cash or getting them exchanged.
• This demonetisation have resulted in creating problem for people who are corrupt and black money holders.

What else he said?

• Move against black money will benefit all in the long run.
• The country has welcomed this decision of the PM.

What had Congress said while taking on Government?

Congress took on the Modi government over the demonetisation issue and said that the Prime Minister has labelled the Indian Economy as black from his decision of scrapping present currency notes. "86 per cent of the currency was scrapped in one decision. Congress leader, Anand Sharma, initiated the debate attacking the PM and said" I want to ask to the government at centre that how can you stop common man from withdrawing their own cash ?" . He further said, "The government has declared all house wives and farmers as black money holders".

'The present government has no compassion, said the Congress leader in RS. "The PM should apologise to the country for making everyone deal with the problems because of his decisions", he stated.

Give names of those who hold black money:

• Sharma said the PM should give names of all from the list of black money holders.
• Most of the names belong to those who are closed aids of the present government ministers.
• Vijay Mallya's loan worth Rs 1,200 crores was written off under the present government. The govt should answer :WHY?

Congress demands probe:

• Sharma further said that although the PM has stated on November 8 last that the operation was kept secret, there was no secrecy at all and the information was selectively leaked.
• We want a joint Parliamentary committee to investigate how many people have purchased foreign currency and invested in bullion since April last till the present day.

What else he said?

• You did not get black money. You did not generate employment.

• If the current trend continues, the they government would be forced to change their definition of of 'achhe din'.

• How is there such inefficiency if you had prepared it? Why could you not replace the notes?

• Prime Minister was in a bullet train in Japan when people were standing in long queues outside ATMs and banks back home.

• Modi also insulted former Prime Ministers by saying "people looted the country for 70 years.

• Modi also insulted the poor when said saying black marketeers were standing in queues.

• Today a report has come.It says the SBI knew about demonetisation in March. In October, it was published in English papers. And, then in Dainik Jagran.