No immediate end is in sight for the tug of war between the opposition and the treasury benches of Parliament over the government’s demonetisation of Rs 500 and Rs 1,000 notes. The BJP parliamentary board met on Tuesday morning and so did the opposition leaders to discuss their strategy in the Houses, which have not seen any progress in Parliament’s winter session so far. The argument: Demonetisation is not a scam but a bid in right earnest to curb black money and address the ills plaguing the economy. Minister of state for parliamentary affairs Mukhtar Abbas Naqvi asked the Congress why it was scared to debate and whether it was supporting the hoarders or black money. More than two weeks are still left to the winter session and the government wants to transact some business, including passage of the amendment to income tax law that puts a heavy penalty on those have undisclosed income.

Source: Hindustan Times November 29, 2016 05:35 UTC