Demonetisation Has Led To Tax Terrorism, Yashwant Sinha
Dissident BJP leader and former Union finance minister Yashwant Sinha today said demonetisation had led to "tax terrorism" and likened Prime Minister Narendra Modi to a medieval era Delhi king known for his whimsical decisions.
Sinha made these remarks at the launch of a book, Demonetization and the Black Economy, by economist Arun Kumar, who has been critical of the exercise. Suspended BJD MP Baijayant 'Jay' Panda and Congress leader Prithiviraj Chavan were also participating in the panel discussion.
Though demonetisation failed to meet any of the stated objectives, the government had won the "perception battle", Sinha said.
The former finance minister derisively said that "not policy-makers but only one policy-maker" decides what has to be done.
With the passage of time, they can come to only one conclusion that demonetisation has "failed and failed comprehensively", he said.
"There was another case in the 16th century in Delhi about a ruler who was famous for shifting the capital from Delhi to Daulatabad. But we forget that he also had demonetised the currency in his time. We have gone back five centuries to repeat the mistake which that gentleman, that king had made," he said.
Asked by the moderator if he was comparing Modi to Muhammad bin Tughluq, Sinha said he was not taking any names.
Sinha said "tax terrorism", which the BJP was critical of when it was in the opposition, has returned because of the note ban, and claimed the income tax department registered 1.8 million cases following the decision and was ill-equipped to probe them all anytime soon.
"What has been the other side-effect? Tax-terrorism, which the BJP had criticised when we were in opposition. It has come back now. 1.8 million cases have been started by the income tax department (since demonetisation)" he said.
Is the department equipped to handle so many cases and how much time it is going to take to bring those cases to a final conclusion, he asked, claiming people will never know how much black money was actually recovered until investigation in all those cases are complete.
"This will go on and on like the counting of the notes by the Reserve Bank of India. It will never finish, not at least until the next Lok Sabha election so that the perception of this (demonetisation) having succeeded continues to hold," he said.
Asked how would he have tackled the flow of black money, Sinha quipped, "Demonetisation and the Goods and Services Tax (GST) are subjects to write books upon how things should not be done."
Published by Penguin India, 'Demonetization and the Black Economy' claims to explain the story of the note ban and its effects on the economy.
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Mamata’s allegations on Bengal SIR baseless, exaggerated: BJP's Suvendu
Kolkata (PTI): Leader of the Opposition in the West Bengal Assembly, Suvendu Adhikari, on Sunday termed Chief Minister Mamata Banerjee's allegations over the ongoing SIR in the state as "baseless and exaggerated", and accused her of trying to derail the electoral roll revision exercise for political reasons.
In a post on X, Adhikari also said he has written to Chief Election Commissioner Gyanesh Kumar, and claimed that the Special Intensive Revision (SIR) of the electoral rolls was "exposing the rot in the voter lists - bogus entries, duplicates, and infiltrators that have been nurtured under the TMC's watch for years".
The BJP leader alleged that the SIR exercise was "damaging the TMC's electoral prospects", and that's why the CM was resorting to hysteria".
Banerjee had on Saturday written to the CEC, alleging that the ongoing SIR of electoral rolls has been turned into an exercise to exclude voters rather than correct records.
In her third letter to Kumar since the beginning of SIR, the chief minister accused the Election Commission of "political bias, insensitivity, and high-handedness" during the exercise.
“I would again reiterate that her claims are nothing but a desperate attempt to derail this crucial process, which is exposing the rot in our voter lists - bogus entries, duplicates and infiltrators that have been nurtured under TMC’s watch for years,” Adhikari alleged in the post.
In his letter to the CEC, dated January 10, the leader of the opposition described the chief minister’s objections as a “politically motivated attempt” to obstruct the SIR and termed the ECI’s move as "essential to ensure free, fair and transparent" elections in the state.
"The chief minister’s portrayal of this exercise as ‘unplanned, insensitive and inhuman’ is nothing short of a gross exaggeration, blown out of proportion to create public hysteria and shift focus from her government’s failures," the BJP leader alleged.
He claimed that the SIR exercise had "exposed vulnerabilities in the electoral rolls that threatened the ruling party’s electoral prospects", triggering what he termed “unfounded outbursts” from the state administration.
On December 16, the Election Commission published the draft electoral rolls after the first phase of the SIR, with the electorate dropping from 7.66 crore to 7.08 crore following the deletion of over 58 lakh names.
The second phase, which began on December 27, involves hearings of 1.67 crore electors under scrutiny, including 1.36 crore flagged for logical discrepancies and 31 lakh whose records lack mapping.
The LoP urged the Election Commission to continue the voter list revision exercise with diligence, asserting that the SIR is a routine constitutional process and should not be politicised.
