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Kejriwal seeks ‘working arrangement’ with Modi

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New Delhi, Delhi Chief Minister Arvind Kejriwal on Saturday called for a “working arrangement” with Prime Minister Narendra Modi as both lived in the same city.

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“I accept the AAP government has major differences with the central government but there must be some working arrangement between the PM and the CM,” Kejriwal said in his first Independence Day speech as the chief minister at the packed Chhatrasal Stadium.
Kejriwal continued to speak even as heavy rains lashed the venue, where hundreds of people from students to government officers had gathered to hear him.
“As both the chief minister of Delhi and the prime minister of the country live in the national capital, there should be a working arrangement between them for the welfare of the city and the people residing here,” the Aam Aadmi Party leader said.
This is why, he said, he tried to meet Modi but failed. “I tried to meet the prime minister over the issue but could not meet. I will again try to meet him.”
Major differences have cropped up between the Delhi and the central governments since Kejriwal took power. Because of Delhi’s unique status, the city government enjoys limited powers.
This has turned into a bone of contention between the Delhi government and Lt. Governor Najeeb Jung, a central government appointee. Delhi Police reports to Jung, not to Kejriwal.

Kejriwal used the occasion to pay homage to those who laid down their lives for the country’s freedom.He said transparent and honest politics would be the best way to honour the martyrs.

“They made the supreme sacrifice by laying their lives for the nation. Was their dream of free India accomplished? India has progressed but the dreams of our freedom fighters and martyrs are yet to be fulfilled. For this we need transparent and honest politics.
“We were the first who came with the honest and transparent politics. So we got such a huge mandate,” he said, referring to the sweeping victory of the AAP in the February assembly election. “We connected the politics with patriotism.”

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The Answer to The Impending Questions On Demonetization Are Here

While it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

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Indian Currency. Pixabay

Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, Resever Bank of India  has announced, indicating the move did little to slow the underground economy.

Prime Minister of India, Narendra Modi’s currency decree, which was designed to destroy the value of billions of dollars in untaxed cash stockpiles, caused an economic slowdown and months of financial chaos for tens of millions of people or demonetization.

Modi announced in a November 2016 TV address that all 500-rupee and 1,000-rupee notes, then worth about $7.50 and $15, would be withdrawn immediately from circulation. The banned notes could be deposited into bank accounts but the government also said it would investigate deposits over 250,000 rupees, or about $3,700. The government eventually released new currency notes worth 500 and 2,000 rupees.

 

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An activist of Congress party hold the banned 500 and 1000 rupee notes.

 

In theory, the decree meant corrupt politicians and businesspeople would suddenly find themselves sitting on billions of dollars in worthless currency, known here as “black money.”

“A few people are spreading corruption for their own benefit,” Modi said in the surprise nighttime speech announcement of the order. “There is a time when you realize that you have to bring some change in society, and this is our time.”

But even as the decree caused turmoil for those in India who have always depended on cash — the poor and middle class, and millions of small traders — the rich found ways around the currency switch. In the months after the decree, businesspeople said that even large amounts of banned currency notes could be traded on the black market, though middlemen charged heavy fees.

demonetization
Prime Minister Narendra Modi along with mayor, flickr

The reserve bank of India report said in its Wednesday report that 99.3 percent of the $217 billion in notes withdrawn from circulation had come back into the economy. Some officials had originally predicted that number could be as low as 60 percent.

Also Read: Diverse Gathering To Be Addressed This World BioFuel Day: PM Narendra Modi

“Frankly, I think demonetization was a mistake,” said Gurcharan Das, a writer and the former head of Proctor & Gamble in India. He said that while it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

“You can’t overnight change that in a country which is poor and illiterate. Therefore, for me it’s not only an economic failure but a moral failure as well,” Das said. (VOA)