‘Mood of the nation is in favor of Modi government.’
The union government of India, on Monday, said that it would not review the demonetization of high-value currencies of Rupees 500 and 1000.
Refuting all allegations and criticism leveled against the government, Union Minister Venkaiah Naidu said that the mood prevailing in the country is in favor of the government, reported The Indian Express.
“No chance of rethinking. The mood of the nation is in favor of Modi government and everyone in the meeting agreed that it is a historic decision,” Naidu said.
Naidu said after the BJP Parliamentary meeting that leaders from across the nation supported the government’s move to fight black money. He said that the temporary pain suffered by the people is for larger gains in the future. The allegations leveled against by the opposition parties are baseless and the government will answer them at the appropriate time.
Union Minister Ananth Kumar said that all allies of the National Democratic Alliance (NDA) extended their support to prime minister Narendra Modi’s efforts to curb black money and corruption at a meeting chaired by the prime minister. Praising the coalition parties for their support, Modi said “the credit for the move will not go to him personally,” but all the parties standing for the government will be benefited.
“There was discussion on taking initiative taken by the government to its logical conclusion. The government will address nation on this issue through Parliament,” said Kumar.
In the meanwhile, the opposition parties have decided to attack the government in the parliament at the winter session which is scheduled to start on November 16. The opposition parties have come under an umbrella to take on the government citing the inconvenience caused to the public.
Leaders of TMC, RJD, JD-U, CPI, CPI-M, JMM and YSR Congress met the Leader of Opposition in Rajya Sabha Ghulam Nabi Azad in his room in Parliament House to formulate the strategy to be followed in Parliament to corner the government.
Authorities are keeping track of gold purchases across the nation to see whether bullion is being used by black money holders to convert their illicit wealth into legal assets.
According to media reports, demand for gold has increased after the government announced demonetization on November 8. Gold was sold for Rupees 50,000 per 10 grams against the market price of Rupees 31,000.
“PAN is mandatory for jewelry sale of over Rs 2 lakh. We are keeping a watch on jewelers to see if they are breaking their sales into parts of less than Rs 2 lakh,” CBDT chairman Sushil Chandra was quoted as saying by PTI.
“Whether it is deposit of cash or sale of goods in old currency note, we are keeping a watch and taking steps,” he said after inaugurating the CBDT pavilion at IITF.
The income tax department has sent notices to about 600 jewelers across the nation to submit the details of sales that took place between November 7 and 10.