PM asks BJP MPs to submit bank transaction details between Nov 8 and Dec 31

New Delhi, November 29 (UNI)
In a major move seeking to uphold the spirit of accountability of elected MPs belonging to the ruling BJP, Prime Minister Narendra Modi today asked party MPs to submit their bank account statements of transaction between November 8, when the currency ban came into being, and December 31.
The directives from the Prime Minister, applicable on elected MLAs across the country, also made it clear that the account details be submitted with their respective district party chiefs on January 1, 2017 itself, a party source said.
Later, party leader Rajiv Pratap Rudy tweeted, ”All BJP MPs to submit to the District President their
Transactions from November 8 to December 31 on January 1, 2017. Transparency is the key.”
Modi gave the instructions to party colleagues at the BJP Parliamentary Party meeting here today. The PM’s directives have been welcomed by a section of BJP MPs and members of Council of Ministers.
“Like charity, honesty should also begin at home,” Union Minister Babul Supriyo told UNI, however insisting that what transpires within the BJP parliamentary party,is “internal matter” of the party lawmakers.
At the BJP Parliamentary Party meet, it has been also asserted by party chief Amit Shah that all BJP MPs should urge traders operating in their respective constituencies and village panchayat levels to move to cashless transactions – as has been emphasised by the Prime Minister and the Central government in the last two days. Modi’s explicit instructions to party MPs came amidst repeated charges by Opposition parties that the top brass of the party had tipped off some of its own leaders, ahead of the demonetisation announcement.
It has also been clarified that the amendment brought to the IT Act should not be taken as an amnesty to help turn black money into white.
Finance Minister Arun Jaitley introduced the Income Tax Amendment Bill in the Lok Sabha yesterday, in which the government proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation, while higher taxes and stiffer penalty of up to 85 percent await those who don’t disclose but are caught.
This, according to many, provided a virtual window to black money holders.
The Taxation Laws (Second Amendment) Bill, 2016 proposes to amend Section 115 BBE of the Income Tax Act to provide for a punitive tax, surcharge and penalty on unexplained credit, investment, cash and other assets. Finance ministry officials said deterrent provisions were necessary, so that people have the fear of hoarding their unaccounted money. It has been also stated that those who chose to declare their ill-gotten wealth stashed till now in banned 500 and 1000 rupee notes under the Pradhan Mantri Garib Kalyan Yojana 2016, will have to pay a tax at the rate of 30 per cent of the undisclosed income. At the BJP lawmakers’ meet, Mr Modi said the amendment is “not for turning black money into white,” but to spend the money looted from the poor on their welfare.
Quoting Modi, Parliamentary Affairs Minister Ananth Kumar told reporters that the bill was part of his government’s fight against black money.
Both Mr Modi and Mr Shah also sought party colleagues’ support to usher in digital and mobile economy.
Union Minister Prakash Javadekar said the people’s overwhelming endorsement to the drive against black money and demonetisation has been proved clearly at the mandate of municipal polls in Mumbai.
In the first mini-elections in Maharashtra after the note-ban, BJP has won 851 seats across 164 urban local bodies, making in-roads into the traditional strongholds of the Congress and the Sharad Pawar-led Nationalist Congress Party.

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