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CPI-M accuses Jaitley of sending feelers to Mamata

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Kolkata: Taking strong exception to union Finance Minister Arun Jaitley taking a dig at West Bengal’s erstwhile Left Front government, the CPI-M on Sunday accused him of sending out feelers to Chief Minister Mamata Banerjee and her Trinamool Congress. Speaking at the launch of the Bandhan Bank here, Jaitley sarcastically remarked that there was flight of capital from the state when it was painted ‘red’- the colour symbolising the Marxists, who spearheaded the Left Front. “I recollect my days from the younger years when I used to see this city painted red. And when it was painted red, of course new institutions were not being born,” he said, adding then the existing companies were shifting out and even intellectuals were leaving the state.

Attributing the Left Front policies for Bandhan’s growth into a bank from a micro finance institution, Communist Party of India-Marxist MP Mohammad Salim slammed Jaitley for his barbs. “Despite participating in a private event, Jaitley preferred to look out for political colors, which are unwarranted. Bandhan has become what it is today not because Jaitley is at the centre or her friend Mamata is ruling Bengal.

“It is because, for the last two decades self help groups have flourished and the rural economy of the state has improved. Jaitley must be aware of the history, Because of the impetus to ground level entrepreneurship (by the Left) Bandhan is Bandhan now,” said Salim. “Actually by saying all this he is sending out a message to Mamata Banerjee that look I am an opponent of the CPI-M,” he added. State Congress president Adhir Ranjan Chowdhury did not find Jaitley’s assurances of contributing towards Bengal development convincing. “As a finance minister he is suppose to ensure that politics doesn’t come in between the state’s development, his assurances are welcome. But what are the centre’s plan for Bengal. We did not hear anything from him on that,” said Chowdhury.

(IANS)

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Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely

A news item has appeared today indicating an increase of money by ‘Indians’ in the Swiss banking system

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Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely
Harsh Penal Proceedings For Illegal Swiss Bank Deposit Holders: Arun Jaitely. flickr

Union Minister Arun Jaitley today warned that Indians having illegal deposits in Swiss banks would face harsh penal proceedings under the black money law after Switzerland starts real time sharing of details of accounts from January onwards. Latest data from the Swiss National Bank showed that money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed by its citizens overseas.

“A news item has appeared today indicating an increase of money by ‘Indians’ in the Swiss banking system. This has led to misinformed reaction in certain circles raising a query whether the government’s anti-black money steps have yielded results,” Jaitley said in a blog. Noting that Switzerland in financial disclosures was always a reluctant state, Jaitley said the Alpine nation has amended its domestic laws involving all disclosures and entered into a treaty even with India and real time flow of information with regard to Indians would be made. “The flow of information is starting in January, 2019. Any illegal depositor knows that it is a matter of months before his name becomes public and he will be subjected to the harsh penal provisions of the black money law in India,” said the senior BJP leader and an eminent lawyer.

Jaitley said the Alpine nation has amended its domestic laws
Jaitley said the Alpine nation has amended its domestic laws. Flickr

Also read: Under Arun Jaitley corruption grew manifold in DDCA: Bishan Singh Bedi

Further, Jaitley said those who participate in a public discourse must understand these basic facts before expressing an opinion which may be ill-informed. “To assume that all the deposits are per se tax evaded money or that Switzerland in the matter of illegal deposits is what it was decades ago, is to start on a shaky presumption,” he added. (IANS)

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