BJP to observe Nov 8 as 'Anti-Black Money Day'

Posted October 26, 2017

"Dear Mr Jaitley, May the Farce be with you", Gandhi tweeted. It is a positive statement that has been twisted totally by Gandhi to taunt Jaitley.

The finance minister also said that post the implementation of goods and services tax in the nation, a new transition phase had heralded in the country, which would make cash generation hard.

Addressing a press conference here, Jaitley also attacked the Congress over its criticism of the demonetisation drive announced on November 8 past year.

"Whatever the Finance Minister said about the economy is not true".

Jaitley listed out steps, including constitution of an SIT, benami law and reworking of Indias double taxation avoidance agreement with some countries besides demonetisation to argue that the government has been working to curb black money.

Sri Lanka Agree to Play T20I in Lahore; Upul Tharanga Pulls Out
But last month Pakistan hosted three Twenty20 internationals against a World XI in the Gaddafi Stadium in Lahore . SLC chief Thilanga Sumathipala will accompany the team to Lahore , the statement added.

Jaitley further said the capital infusion would be accompanied by series of banking reforms which would be spelled out in the next few months.

Meanwhile, Economic Affairs Secretary S C Garg, in a presentation made at the briefing, said inflation has consistently come down since 2014 and will not cross 4 percent this fiscal.

"Even if fiscal deficit increases by 0.1 per cent or 0.2 per cent, on the larger prospective of economy it does not matter as long fiscal deficit is not on the account of revenue deficit but on the account of capital expenditure", he noted. Reacting to the government's announcements to boost infrastructure, growth and employment, Congress spokesperson Randeep Singh Surjewala had termed the measures a "shoddy attempt of a desperate finance minister to defend the decimation of economy".

Jaitley had proclaimed that India's macro-economic fundamentals are very strong and reeled out economic indicators to support government contention that GDP growth slowdown has bottomed out and economy is turning around.