Naresh Agarwal, Earlier than Becoming a member of BJP, Ribbed Authorities On Demonetisation

Naresh Agarwal, Before Joining BJP, Ribbed Government On Demonetisation

Naresh Agarwal requested what areas benefited from the November eight, 2016 resolution to scrap previous notes. (File)

New Delhi:  Days earlier than Rajya Sabha MP Naresh Agrawal joined the ruling BJP, he had put a slightly inconvenient query to the federal government, asking if it has accepted that demonetisation was its “worst resolution”.

Denied a re-nomination to the Higher Home by Samajwadi Celebration, Mr Agrawal joined BJP. However days earlier than that he had put a written query to the finance minister, the reply to which was given yesterday.

In an unstarred query, he had wished the finance minister to state if “it’s a incontrovertible fact that authorities has accepted that its resolution of demonetisation was the worst resolution, and if that’s the case the explanations thereof.”

Minister of State for Finance P Radhakrishnan in a written response tabled within the Home, stated “No” to the primary a part of the query and “does not come up” to the second.

As per the foundations and procedures of the Rajya Sabha, an MP can increase or ask a query to any minister by giving it in writing a minimum of 15 days upfront.

A discover of a query is to be given in writing to the Secretary-Basic of Rajya Sabha and should include the title of the minister it’s addressed to and the date on which the question is proposed to be positioned on the listing of questions for solutions.

In the identical query, Mr Agrawal requested if the choice was not the worst, what areas benefited from the November eight, 2016 resolution to scrap previous 500 and 1000 rupee notes.

In reply, Mr Radhakrishnan listed elimination of faux foreign money and strike towards terrorist actions, motion towards era of black cash, formalisation of economic system and digitisation as advantages of demonetisation.

“The faux Indian foreign money notes had been being utilized by militants to fund their operations within the nation. On account of demonetisation, terrorist and naxalite financing stopped virtually totally,” he stated citing stoppage of stone pelting and different terrorist demonstration actions in Jammu and Kashmir.

He went on to state that as many as 17.73 lakh accounts, the place Rs three.68 lakh crore of scrapped notes had been deposited submit November eight, 2016, didn’t seem like in line with the their tax profile. Rationalization of such deposits had been sought.

“Responses from 11.18 lakh individuals had been acquired giving info on 16.92 lakh accounts. 1 lakh excessive danger instances for enforcement actions have been recognized based mostly on responses,” he stated and 20,572 revenue tax returns have been chosen for scrutiny.

Greater than 9.72 lakh taxpayers submitted their response offering info on 13.33 lakh accounts involving money deposits of round Rs 2.89 lakh crore, he added.

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