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Submit your Nov. 8 to Dec. 31 bank transaction details, Modi tells BJP lawmakers

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Prime Minister Narendra Modi on Tuesday asked BJP MPs and MLAs to declare their bank transactions between November 8 and December 31 to party president Amit Shah. The decision to demonetise Rs. 500 and Rs. 1,000 notes was announced by him on November 8.

Mr. Modi was addressing party MPs at a meet of the BJP Parliamentary Party. Sources, said Mr. Modi emphasised that it was important to lead by example in the campaign against black money.

‘PM ready for debate in both Houses’

Parliamentary Affairs Minister Ananth Kumar, briefing the media later, said the Prime Minister was ready to debate on demonetisation in both the Houses.

Home Minister Rajnath Singh made a similar statement on Monday.

“The Prime Minister also said that the new amendments to the Income Tax Act introduced on Monday were not a window to make black money into white but to harness resources for deployment in welfare schemes for the poor,” said Mr. Kumar.

Finance Minister Arun Jaitley introduced amendments to the IT Act on Monday that allowed for 50% tax on previously undisclosed income.

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