Lok SabhaRajya Sabha

March 10, 2017

Anupam Hazra asks Supplementary Questions on printing of banned old notes

Anupam Hazra asks Supplementary Questions on printing of banned old notes

FULL TRANSCRIPT

First supplementary question

Sir, I represent the constituency of Bolpur in West Bengal and it is a rural constituency. Now keeping in view the issue of note ban or currency ban we all have seen that in the entire nation Mamata Banerjee was the only leader who was bold enough to raise voice against this whimsical decision of the Central Government to ban the currency of Rs 500 and Rs 1000 rupees.

So keeping in view on the reply of Minister I would like to know how many banned currency of Rs 500 and Rs 1000 have been recovered and how many new notes of Rs 2000 and Rs 500 have been printed so far to meet the current demand of the nation.

 

Second supplementary question

Now I’m coming to the direct tax collected during December 2016 and December 2015. From the reply given by the Minister is clearly showing that where the annual average income tax growth rate is 17% and in December 2016 only 5% income tax growth is evident.

As per the government’s terminology, demonetisation was a bold step and it was an attempt to collect the black money from the nation; it brought black day for the rural and tribal people of the country. So how will the Minister justify demonetisation, particularly keeping in view the statistics of December 2016 where it is seen that only 5% income tax growth was there.

December is considered as the month where advance tax is being paid across the nation. And at the same time during this period the Central government has initiated various schemes and they have kept on changing different income tax procedure. So inspire of all their effort only 5% growth were seen since December 2016. So how will you justify the demonetisation exercise.