Cong leadership desperate after demonetisation: PM

RSTV Bureau
File photo of Prime Minister Narendra Modi.

File photo of Prime Minister Narendra Modi.

Prime Minister Narendra Modi today accused the Congress leadership of “desperation” in the face of his “tough” demonetisation decision and said it was the first time that a concerted effort was made by the Opposition to “openly” protect the dishonest through disruptions in Parliament.

He also slammed Manmohan Singh, who had described demonetisation as a “monumental mismanagement” and an “organised loot”, and sarcastically said that his predecessor might have been referring to the “unending string of scams” like 2G, CWG and coal block allocation “under his leadership”.

Modi said while the honest will not be harassed, those with black wealth have “only a few days to hide” and will not be spared.

“I pity a few of our opponenets, especially the Congress leadeship, for the desperation they have been exhibiting …Congress leaders are entirely pre-occupied with only one thing – elections.

“There is nothing political in the demonetisation decision…It was a tough decision taken to clean up our economy and our society. If I were guided by short term electoral politics, I would have never done so,” he told India Today in an interview.

Asked whether demonetisation will end corruption in the political system, the Prime Minister said “decisive ways” were required for that.

“There is a need for reforms in the political system,” he said.

He said before the Winter session, he had suggested that there should be discussion in Parliament on reform of the political system and electoral reforms but this could not happen due to disruptions.

File Photo: People queue up outside RBI to exchange their old Rs 500 and 1000 notes in New Delhi  Photo-PTI

File Photo: People queue up outside RBI to exchange their old Rs 500 and 1000 notes in New Delhi
Photo-PTI

Rejecting criticism that the demonetisation decision was political, it was taken not for “short-term windfall gains” but for long-term structural reforms.

“Earlier the Income Tax department used to shoot in the dark. Now people have voluntarily come forward and deposited money. Now the Income Tax department has specific information,” he said.

Asserting that his government has “zero tolerance for corruption”, Modi said the dishonest will be punished and the taxes collected from them will be routed for welfare programmes.

He said the demonetisation will deliver a “multiplier effect” to clean up the economy in the long term.

“Black money is now traced. It will not remain anonymous anymore… The dishonest have only a few days to hide…The government the time, means, and most importantly the will to seek them out,” he said.

Regarding the frequent modifications after demonetisation was announced on November 8, the Prime Minister said, “one must be able to distinguish between ‘niti’ (policy) and ‘ran- niti’ (strategy) and not put them in the same basket.

“The decision of demonetisation, which reflects our ‘niti’, is unequivocally clear, unwavering and categorical.

Our ‘ran-niti’, however, needed to be different, aptly summarised by the age-old saying of ‘Tu Daal Daal, Main Paat Paat’ (keeping pace with the adversary). We must take two steps ahead of the enemy.”

He said when problems are identified, “we respond promptly and take necessary steps. Far from indicating poor implementation, this speaks of our agility in responding quickly and keeping up with the evolving situation.”

“I know many will prefer if we issue one guideline and then allow them to walk roughshod over it. Let me assure them that no such thing will happen.”

Issuing the “most dire warning” to black markeeters and the corrupt, Modi said, “if the enemy runs, we will chase them. If they change their tactics, we will change ours. When the corrupt find new methods of cheating, we will identify new methods to clamp down on the same.”