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Why black money fine cut from 200% to 10%: Arvind Kejriwal

NEW DELHI: Slamming the BJP-led central government over the latest announcement on demonetisation, AAP on Tuesday sought to know why the penalty on declaration of black money had been reduced from 200% to 10%. CM Arvind Kejriwal said, “Two days after the demonetisation was announced, finance minister Arun Jaitley said that there would be a 200% penalty on declaration of black money. Now, the penalty has been brought down to 10%. What was the need? In the past 20 days, people have deposited Rs 8 lakh crore in banks and not a single paisa of this is black money.” AAP spokesperon Raghav Chadha maintained that demonetisation had failed to unearth black money and it had affected the economy badly. “In order to cover up now, the government has introduced a voluntary disclosure scheme, in which he has reduced the 200% penalty down to 10%. It is like an invitation to black money hoarders that they can redeem their ill-gotten wealth at a 50% discount,” he said. AAP also raised questions over the PM’s announcement that all BJP MPs and MLAs will submit their bank details from November 8 to December 31 to party president Amit Shah. “Please get all our accounts checked but don’t play this absurd joke. Now, BJP MPs/MLAs will give Amit Shah their bank details and Shah will check for black money. ATMs are dry. The Modi government is sending new notes to Big Bazaar. Why? Should currency be sent to ATMs or Big Bazaar,” Kejriwal asked. He demanded that the bank details should be of six months prior to November 8. AAP has asked BJP whether banks are now equipped to handle the salary rush. “As on date, banks and ATMs do not have cash. The employees are due to get salaries and the government should tell the country whether the banking system is prepared for the withdrawal of salaries,” said party spokesperson Ashutosh. “It is widely known that in the 2014 Lok Sabha Elections, Modi spent Rs 25,000 crore on his election campaign. We demand that he disclose the source of this money.”

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