Why is PM Modi not divulging names of black money holders, asks Congress

The Congress party said that the government was preventing the people from withdrawing their own money.

By: Express Web Desk | New Delhi | Updated: November 15, 2016 7:40 pm
indelible ink, banks, currency exchange, Shaktikant Das, congress, black money, cash withdrawals, multiple withdrawals, multiple cash exchange, india news Economic Affairs Secretary Shaktikant Das on Tuesday announced that banks will be using indelible ink, similar to the one used in elections, to deter unscrupulous people from making multiple visits to cash counters in a day.

The Congress party lashed out at Prime Minister Narendra Modi on Tuesday and asked why he isn’t divulging names of black money holders. “Why is the Prime Minister not divulging the names of those holding black money?”. The Congress also opposed the move to mark people exchanging defunct notes with indelible ink. The party said the government is preventing people from withdrawing their own money. In a crackdown against those trying to turn black money into white, Economic Affairs Secretary Shaktikant Das on Tuesday announced that banks will be using indelible ink, similar to the one used in elections, to deter unscrupulous people from making multiple visits to cash counters in a day.

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The DEA Secretary revealed that the finance ministry has received reports of many trying to convert their black money by sending people in groups to swap currency at bank counters. “To solve this problem we have decided to use indelible ink marks, similar to the one used in elections, at cash counters,” Das said.

He added that the reason for long queues outside the banks is because of the same people joining the queue again at some places. “Have been trying to analyse reasons for long queues,it has come to notice that same people are coming again at same place,” Das said.