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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Collision between container lorry and private bus in Kasaragod leaves 4 injured, including driver
Kasaragod: A collision between a container lorry and a private bus near the Uppala gate of the national highway in Kasaragod this morning, has resulted in injuries to four individuals, including the bus driver.
According to reports, the accident occurred when a container lorry attempted to overtake a bus that had stopped on the roadside to unload passengers. The lorry collided head-on with another bus approaching from the opposite direction.
Bus driver Ashraf and four passengers sustained injuries in the collision. The impact of the crash crushed the front of the bus, trapping the driver inside. Thankfully, bystanders were able to extricate the trapped driver from the wreckage.
Following the accident, traffic on the national highway was disrupted. The police from the Manjeshwar police station arrived at the scene to manage traffic flow.
The bus involved in the accident was en route from Talapadi to Kasaragod, while the lorry was traveling to Mangaluru. The incident was captured on CCTV cameras, aiding in the investigation of the collision.
