Tue, Mar 28, 2017 | updated 07:53 AM IST

Opposition manufacturing reasons to run away from debate: Jaitley

Updated: Nov 24, 2016 16:05 IST

New Delhi [India]. Nov.24 (ANI): Taking a dig at the opposition who have decided to launch "Aakrosh" (anguish) Day over the demonetisation issue, Finance Minister Arun Jaitley on Thursday said people are only happy about the government's decision and it is the few opposition parties who are "Aakrosh" about the decision.

Launching a scathing attack on the Congress after former prime minister Manmohan Singh termed the demonetisation issue to be a blunder, Jaitley said that it was ironical of the previous government to consider it a blunder since it was under then that the black money transactions had become glaring and rampant.

"We were not surprised when we heard from those who ran the government between 2004 and 2014 that they didn't like these anti-black money steps. The maximum black money was generated in the country between 2004 and 2014. Commonwealth Games scandal, the 2G corruption scandal, the coal block scandal all took place during this period," he said.

"Those who didn't consider these scandals to be a blunder are now considering this campaign against corruption and black money to be a blunder," he added.

Jaitley said that instead of engaging with the government in a debate over demonetisation, the Congress is "manufacturing reasons" to run away from the debate.

Responding to Dr. Singh claims that the demonetisation will weaken the Indian economy and adversely impact the GDP of the country, Jaitley said, ""as far as the medium and long term impact on the economy is concerned, including on India's GDP, it is going to be a positive impact. Lot of money that operates in the shadow economy will now be a part of banking structure. The banks will have a lot more to support the economy. The private sector investment which was so far lacking will now be back into the economy."

He said that the banks which were hitherto struggling because of the NPA problem would have a lot more money to lend for agriculture, infrastructure, social sector and the possibility of banks lending at lower cost would also rise.

"Additionally, when more and more transactions comes into the banking network in the long run, you will find taxation, both direct and indirect, improving therefore in the medium and long term, it will have a positive impact," he said. (ANI)

Mumbai (Maharashtra) [India], Mar. 28 (ANI): In protest against the Law Commission's proposed amendments in Advocates Act 1961, also known as the 'Amendment Bill 2017', the Bar Council of Maharashtra and Goa, following the appeal made by the Bar Council of India, has decided to abstain from court work for one day.

Full Story >>

New Delhi [India], Mar. 28 (ANI): The Samajwadi Party on Tuesday defended Ravindra Gaikwad and criticised all major airlines for imposing a blanket ban on the Shiv Sena lawmaker following his altercation with an Air India employee.

Full Story >>

New Delhi [India], Mar. 28 (ANI): Criticising the Bharatiya Janata Party (BJP)-led Uttar Pradesh Government for banning slaughterhouses in the state, the Samajwadi Party on Tuesday alleged that the saffron party is doing this in order to please one community over the other despite the fact that Hindus are the largest consumers of meat.

Full Story >>

New Delhi [India], Mar. 28 (ANI): Citing an order passed by the National Green Tribunal in 2015, the Bharatiya Janata Party (BJP) on Tuesday defended its decision to ban slaughter houses in Uttar Pradesh and said the government has only been banning "illegal" slaughterhouses as per the guidelines of the order.

Full Story >>

New Delhi [India]. Mar. 28 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy has urged Prime Minister Narendra Modi to prosecute former finance minister P. Chidambaram and his family members under the new Black money Act and Benami Act.

Full Story >>

Shopian (Jammu and Kashmir) [India], Mar. 28 (ANI): Terrorists barged into the residence of an Assistant Sub-Inspector of police and a Constable in Kashmir's Shopian district and ransacked their houses in Jammu and late on Monday night.

Full Story >>

Imphal (Manipur) [India], Mar. 27 (ANI): In a truly tragic day for Manipur, at least 19 people including women and youth were killed in deadly road accidents that occurred at three different places.

Full Story >>

New Delhi [India], Mar. 27 (ANI): Communist Party of India (Marxist) (CPI-M) general secretary and Rajya Sabha MP Sitaram Yechury today slammed the government on making Aadhaar card mandatory, saying that the Unique Identification scheme is leading to a surveillance state in the country.

Full Story >>

New Delhi [India], Mar. 27 (ANI): External Affairs Minister Sushma Swaraj on Monday sought report from the Uttar Pradesh Government over the attack on four Nigerian students, who sustained severe injuries after being assaulted by a group of local residents in Greater Noida's Pari Chowk area.

Full Story >>

Mumbai [India], Mar. 27 (ANI): Asserting that Air India was trying to misguide everyone as to what actually caused the altercation onboard the aircraft, Shiv Sena MP Ravindra Gaikwad stated that he had never demanded a Business Class seat, but had instead requested a complaint book to address his grievance about 'substandard service'.

Full Story >>

New Delhi [India], Mar. 27 (ANI): Prime Minister Narendra Modi on Tuesday will chair a Cabinet Meet to mainly review the Goods and Services Tax (GST) Bill, for which four supporting bills were presented in Parliament today by Finance Minister Arun Jaitley.

Full Story >>

Mumbai (Maharashtra) [India], Mar. 27 (ANI): Senior Shiv Sena leader and Rajya Sabha MP Sanjay Raut on Monday asserted that the Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagat's name should be considered as the next President of India.

Full Story >>

Lucknow (Uttar Pradesh) [India], Mar. 27 (ANI): With the indefinite strike by meat vendors affecting several establishments in the state, the Samajwadi Party (SP) has asserted that the call taken by Uttar Pradesh Chief Minister Yogi Adityanath to shutdown illegal slaughterhouses, is severely affecting authorised shops as well.

Full Story >>

Srinagar (Jammu and Kashmir) [India], Mar. 27 (ANI): Aiming to provide generic drugs at affordable rates, Prime Minister Narendra Modi-led 'Jan Aushadhi' scheme has opened one of its stores in Srinagar's Rajbagh area in Kashmir.

Full Story >>

Parliament passes Mental Healthcare Bill

Updated: Mar 27, 2017 21:38 IST

New Delhi [India], Mar. 27 (ANI): The Parliament on Monday passed the Mental Healthcare Bill, 2016 with the Lok Sabha approving it today.

Full Story >>

Jaipur (Rajasthan),[India] Mar. 27 (ANI): The gruesome Bikaner rape case has taken a stunning turn, as it has emerged that the father had concocted charges of rape on his daughter by the teachers, as he wanted to take revenge on the school.

Full Story >>

Mumbai (Maharashtra) [India], Mar. 27 (ANI): Extending his support to Ravindra Gaikwad, Shiv Sena leader Sanjay Raut on Monday asked as to why there is no action taken by the airline against comedian Kapil Sharma and others who had also misbehaved with their staff in the past.

Full Story >>

New Delhi [India], Mar. 27 (ANI): Asserting that all MPs need to attend Parliament diligently and cannot always travel by train, Lok Sabha speaker Sumitra Mahajan today called for resolving the issue of Shiv Sena MP Ravindra Gaekwad's 'flying ban' by several airlines through amicable talks.

Full Story >>

Udaipur (Rajasthan) [India], Mar. 27 (ANI): The Udaipur Police on Monday arrested one person on charges of allegedly molesting an Austrian woman.

Full Story >>

New Delhi [India], Mar. 27 (ANI): During the auspicious occasion of Navratri which begins on Tuesday, Prime Minister Narendra Modi will observe his nine-day fast, a practice that he has been following for more than four decades.

Full Story >>