Hitting out at Congress for opposing demonetisation, Finance Minister Arun Jaitley today said party vice president Rahul Gandhi was looking for ways to disrupt Parliament. In a Facebook post, Mr Jaitley said there was a marked difference in the approach of the Prime Minister and his opponents. <br/><br/>He said Prime Minister Narendra Modi is being futuristic to create a technology-driven cleaner economy whereas Congress has adopted a political position, opposing technology, change and reforms. The Finance Minister also stated that Congress' exaggerated claims on the disruption of the economy have proved wrong. <br/><br/>Mr Jaitley said, the period of pain and inconveniences is getting over and the economic activity is being restored. He said demonetisation is obviously disruptive as are all reforms as they change the retrograde status quo. Mr Jaitley pointed out when 86 per cent of a country's currency, constituting 12.2 per cent of its GDP, is squeezed out of the market and sought to be replaced by a new currency, there would obviously be significant consequences. He however added that the queues outside the banks have disappeared and remonetisation has moved ahead. He opined that large amount of cash with banks will lead to lower interest rates. <br/><br/>The Minister further said, India suffers as a hugely tax non-compliant society. He said, tax evasion is considered neither unethical nor immoral but Prime Minister's demonetisation decision is intended to create a new normal.
News On AIR | January 8, 2017 6:22 PM
PM Modi is futuristic to create technology-driven cleaner economy: FM Jaitley