Tuesday, November 15th, 2016

Black money saved India during global meltdown says Akhilesh Yadav

Mini Banerjee | November 15, 2016 8:37 pm Print
He said every political party is against black money but the way Modi government had acted in an arbitrary manner putting millions of people to hardship will not end corruption in India. “Will banning of Rs 500 and Rs 1000 currency notes end corruption,” he asked.
Akhilesh Yadav : Uttar Pradesh CM

Chief Minister Akhilesh Yadav stirred a controversy when he said that the parallel economy operating in the country in the form of black money has helped India survive during global meltdown. “The Samajwadi Party is against black money. But we should remember that at the time of global meltdown, when the economy world over was shrinking, this parallel economy helped India to stay afloat,” Yadav said on the sideline of a function held in Lucknow on Tuesday.
He said every political party is against black money but the way Modi government had acted in an arbitrary manner putting millions of people to hardship will not end corruption in India. “Will banning of Rs 500 and Rs 1000 currency notes end corruption,” he asked.

“The Prime Minister has said that poor people like Kadak (strong) chai and will support this kadak decision. But the fact is this chai is not `kadak’ but `kadavi’ (bitter). He should remember that the party which puts people into hardship is thrown out of power,” the Chief Minister said.

He said the serpentine queue outside banks and ATMs prove one thing that this decision was taken in a haste without making preparations. The government has not evaluated its fallout and subsequently this decision has made people suffer.

Slamming Bharatiya Janata Party (BJP), Yadav said that farmers, commoners and small traders are frustrated and disappointed with the decision as the only thing they are doing from past five days is lining up in front of banks.

“The BJP itself is facing the brunt of this decision as the participation of party workers has thinned in its Parivartan Yatra. They are standing in the queue outside banks and have no time for party work now,” he said.

The Chief Minister had earlier written a letter to the Prime Minister asking him to extend the validity of high-value currency notes in state-run hospitals and nursing homes until November 30. He had argued because of this decision people were not getting treatment in private nursing homes.

He had also demanded that special camps should be started in villages to disburse money because rural Uttar Pradesh does not have enough bank branches.

Meanwhile, Uttar Pradesh Government has also issued directives asking state-run hospitals to accept high denomination currency notes. “This has come to our knowledge that some hospitals are not accepting high currency notes. This is illegal. An action would be taken against officials if they refuse to accept old Rs 500 and Rs 1000 note,” Health minister Shivakant Ojha said.

Mini Banerjee
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