All tagged Black Money
Ours is an amazing nation. First, we dare the Prime Minister to act on black money. When he doesn’t, we accuse him of ‘jumla baazi’. Amnesty schemes are announced and we taunt the Government for the poor response. If raids follow, we cry foul of “tax terrorism”. When demonetisation happens champions of banking inclusion suddenly remember they never asked their domestic staff to open Jan Dhan Yojna accounts. And, finally, a generation that made a virtue of standing in line for everything — rail tickets, cinema tickets, football tickets, water, kerosene, ration, temples and Ganapati pandals — suddenly realise queues are the worst form of oppression.
The demonetisation of Rs 500 and Rs 1000 currency notes, Prime Minister Narendra Modi’s most audacious move till date, is mind blowing in its impact and mind-boggling in its implications.
When the Prime Minister had warned “Don’t blame me for tough action on black money after September 30 (the last day of the amnesty scheme)”, not too many people would have paid heed to his words. Later he even spoke of a ‘surgical strike’ on black money. What people expected at best was a step-up in tax raids and seizures for a while. There were sly attempts to put the Government on the back-foot by coining terms such as “tax terrorism”.