GST, demonetisation done to benefit people: Venkaiah Naidu
Kolkata: Hailing the Centre's implementation of GST and demonetisation of higher value notes, Vice President M. Venkaiah Naidu on Saturday said both the moves were made to benefit the common people and change the country's economy.
"With the GST, initially there was some pain. But in the larger picture the GST is going to revolutionise Indian banking system. As a result, the country's economy will change," Naidu said at the 11th Global Healthcare Summit organised by American Association of Physicians of Indian Origin (AAPI) here.
Naidu also said while some people have criticised demonetisation, the move taken on November 8, 2016, has ensured that all the undisclosed cash in the country comes back to the banks.
"I can say one thing about demonetisation or remonetisation that the money that was hidden under the bed or inside the bathrooms before has come back to the banks. The money has come to the bank with its address. Now it up to the Reserve Bank of India to decide, how much is white money and how much is black money," he observed.
The Vice President also praised the people of the country for putting up with the trouble with depositing their money after demonetisation and termed the situation as "short term pain for long term gain".
"The common people have a lot of common sense. They realised its impact. Otherwise standing in queues for 51 days for your own money is no joke. Any improvement in the system is for the benefit of the common people," he added
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Par panel on Waqf amendment bill submits report to LS speaker
New Delhi (PTI): The joint committee of Parliament examining the Waqf (Amendment) Bill submitted its report to Lok Sabha Speaker Om Birla on Thursday.
Panel chairperson Jagdambika Pal met Birla at his Parliament House office and handed over the report.
The panel on Wednesday adopted by a majority vote its report that contained changes suggested by members of the ruling BJP, prompting the opposition to dub the exercise an attempt to destroy Waqf boards.
The Joint Committee of Parliament on the Waqf (Amendment) Bill adopted the report on the draft legislation by a 15-11 majority vote.
Opposition members submitted dissent notes to the report.
BJP members insisted that the Bill, introduced in the Lok Sabha in August last year, seeks to bring modernity, transparency and accountability in the management of Waqf properties. On the other hand, the opposition termed it an attack on the constitutional rights of the Muslim community and interference in the functioning of Waqf boards.
