Government will give 50% of the black money back to hoarders: Rahul Gandhi

The war between the ruling party and the opposition over Prime Minister Narendra Modi’s demonetisation move continues and relating to that, Rahul Gandhi, Congress vice-president, accused the government of helping black money hoarders with the amendment to the Income Tax Act, saying half of the unaccounted cash would now be returned to them.

He, outside parliament said that the government has given 50 per cent of the black money back to hoarders again.

Lok sabha, recently passed the Taxation Laws (2nd Amendment) Bill and it provided a window to legalise black money after paying tax on the amount post-demonetisation. As per the Bill, those who disclose black money to banks will have to pay 50 per cent tax, including surcharge and penalty.

Rahul Gandhi when asked about the walkout by the opposition MPs in the Lok Sabha, said, "There is a practice in Parliament that whenever someone dies we respect them. This is for the first time that there was no such obituary offered for those soldiers who had died (in Nagrota attack). So the Opposition walked out."

Opposition members walked out of the Lok Sabha as their demand for an obituary reference on the soldiers who died in the terror attack on army camp in Jammu was rejected by the Speaker on the grounds that final details were yet to emerge.

Countering Rahul's charges, Information and Broadcasting Minister M Venkaiah Naidu said, "It is unfortunate that Congress is doing politics over the issue involving defence of the country."

(Image: Indiatimes)