You are here: Home » News-IANS » Politics
Business Standard

PM is scared of facing Parliament: Congress

IANS  |  New Delhi 

Continuing its attack on Prime Minister Modi over demonetisation, the on Friday said he was "not worthy" of being trusted and accused him of being "scared" of entering Parliament.

"He is scared of entering because he knows he will not be able to give answers to the questions that are being raised and will be left exposed. He should know that the country is not changing but is actually burning because of demonetisation," leader Kapil Sibal told media.

"In Rajya Sabha, he is silent. When he comes to the House, he will be asked questions. If asked questions, he would be expected to answer. If he doesn't answer, then he will be exposed. People will realise that the Prime Minister's knowledge may be deficient on certain topics," he said.

Sibal also claimed that the ruling Bharatiya Janata Party had the time to deposit cash and purchase land as they had all the information about the move to demonetise the high value currencies.

"Does the Prime Minister think that all the leaders in the opposition are black money hoarders? Then he says they are worried because they were given no time."

He said sarcastically, "The BJP had a lot of time. They had all the information. They deposited cash and purchased land."

Sibal said according to the Reserve Bank of India (RBI) data for 2015-16, 2,203 crore pieces of Rs 500 and Rs 1,000 notes were needed to be printed. Till November 18, Rs 1.03 lakh crore has been withdrawn and Rs 33,000 crore has been exchanged, he said.

"Rs 1.3 lakh crore has been pumped into the economy. What is the value of the currency which is demonetised, it is Rs 14 lakh crore? They have four printing presses for currency and in 2015-16, the intent was to create 2,203 crore pieces.

"The amount printed was 2,012 crore pieces. This is in one year, in two shifts. Based on this, the time required for the currency notes to be printed is at least six months. RBI has said that in the rush two variants of notes have been printed," he said.

He also said that there are only 19 issue offices of RBI that provide currency to banks and wondered how the banks will get all this money in such a short period of time.

Noting that when Modi first entered Parliament, he had called it a temple, the former Union Minister said that "now he doesn't care about the traditions and etiquette of Parliament". "He will inaugurate a book on the Constitution, yet not give the Constitution the dignity it deserves," he said.

He also criticised the government, saying that it has changed the rules 172 times since November 8, the day it took the decision on demonetisation.

Slamming Modi for "continuously evading" Parliament, Sibal said: "It seems the Prime Minister is afraid of his own party members otherwise why doesn't he come to Lok Sabha where his party (BJP) has absolute majority?

"Modi promised he would bring back Rs 80 lakh crore black money to India. Has he fulfilled that promise? He said he'd bring Lokpal, has he implemented it? Which promise has he fulfilled? Why should we believe him? We have no faith in this Prime Minister. He isn't worthy of trust," he added.

"The Prime Minister said the situation will normalise in two days. Did it happen? Finance Minister (Arun Jaitley) said situation will normalise in two weeks. Did it happen," he asked.

--IANS

sid/rn

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

PM is scared of facing Parliament: Congress

Continuing its attack on Prime Minister Narendra Modi over demonetisation, the Congress on Friday said he was "not worthy" of being trusted and accused him of being "scared" of entering Parliament.

Continuing its attack on Prime Minister Modi over demonetisation, the on Friday said he was "not worthy" of being trusted and accused him of being "scared" of entering Parliament.

"He is scared of entering because he knows he will not be able to give answers to the questions that are being raised and will be left exposed. He should know that the country is not changing but is actually burning because of demonetisation," leader Kapil Sibal told media.

"In Rajya Sabha, he is silent. When he comes to the House, he will be asked questions. If asked questions, he would be expected to answer. If he doesn't answer, then he will be exposed. People will realise that the Prime Minister's knowledge may be deficient on certain topics," he said.

Sibal also claimed that the ruling Bharatiya Janata Party had the time to deposit cash and purchase land as they had all the information about the move to demonetise the high value currencies.

"Does the Prime Minister think that all the leaders in the opposition are black money hoarders? Then he says they are worried because they were given no time."

He said sarcastically, "The BJP had a lot of time. They had all the information. They deposited cash and purchased land."

Sibal said according to the Reserve Bank of India (RBI) data for 2015-16, 2,203 crore pieces of Rs 500 and Rs 1,000 notes were needed to be printed. Till November 18, Rs 1.03 lakh crore has been withdrawn and Rs 33,000 crore has been exchanged, he said.

"Rs 1.3 lakh crore has been pumped into the economy. What is the value of the currency which is demonetised, it is Rs 14 lakh crore? They have four printing presses for currency and in 2015-16, the intent was to create 2,203 crore pieces.

"The amount printed was 2,012 crore pieces. This is in one year, in two shifts. Based on this, the time required for the currency notes to be printed is at least six months. RBI has said that in the rush two variants of notes have been printed," he said.

He also said that there are only 19 issue offices of RBI that provide currency to banks and wondered how the banks will get all this money in such a short period of time.

Noting that when Modi first entered Parliament, he had called it a temple, the former Union Minister said that "now he doesn't care about the traditions and etiquette of Parliament". "He will inaugurate a book on the Constitution, yet not give the Constitution the dignity it deserves," he said.

He also criticised the government, saying that it has changed the rules 172 times since November 8, the day it took the decision on demonetisation.

Slamming Modi for "continuously evading" Parliament, Sibal said: "It seems the Prime Minister is afraid of his own party members otherwise why doesn't he come to Lok Sabha where his party (BJP) has absolute majority?

"Modi promised he would bring back Rs 80 lakh crore black money to India. Has he fulfilled that promise? He said he'd bring Lokpal, has he implemented it? Which promise has he fulfilled? Why should we believe him? We have no faith in this Prime Minister. He isn't worthy of trust," he added.

"The Prime Minister said the situation will normalise in two days. Did it happen? Finance Minister (Arun Jaitley) said situation will normalise in two weeks. Did it happen," he asked.

--IANS

sid/rn

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

PM is scared of facing Parliament: Congress

Continuing its attack on Prime Minister Modi over demonetisation, the on Friday said he was "not worthy" of being trusted and accused him of being "scared" of entering Parliament.

"He is scared of entering because he knows he will not be able to give answers to the questions that are being raised and will be left exposed. He should know that the country is not changing but is actually burning because of demonetisation," leader Kapil Sibal told media.

"In Rajya Sabha, he is silent. When he comes to the House, he will be asked questions. If asked questions, he would be expected to answer. If he doesn't answer, then he will be exposed. People will realise that the Prime Minister's knowledge may be deficient on certain topics," he said.

Sibal also claimed that the ruling Bharatiya Janata Party had the time to deposit cash and purchase land as they had all the information about the move to demonetise the high value currencies.

"Does the Prime Minister think that all the leaders in the opposition are black money hoarders? Then he says they are worried because they were given no time."

He said sarcastically, "The BJP had a lot of time. They had all the information. They deposited cash and purchased land."

Sibal said according to the Reserve Bank of India (RBI) data for 2015-16, 2,203 crore pieces of Rs 500 and Rs 1,000 notes were needed to be printed. Till November 18, Rs 1.03 lakh crore has been withdrawn and Rs 33,000 crore has been exchanged, he said.

"Rs 1.3 lakh crore has been pumped into the economy. What is the value of the currency which is demonetised, it is Rs 14 lakh crore? They have four printing presses for currency and in 2015-16, the intent was to create 2,203 crore pieces.

"The amount printed was 2,012 crore pieces. This is in one year, in two shifts. Based on this, the time required for the currency notes to be printed is at least six months. RBI has said that in the rush two variants of notes have been printed," he said.

He also said that there are only 19 issue offices of RBI that provide currency to banks and wondered how the banks will get all this money in such a short period of time.

Noting that when Modi first entered Parliament, he had called it a temple, the former Union Minister said that "now he doesn't care about the traditions and etiquette of Parliament". "He will inaugurate a book on the Constitution, yet not give the Constitution the dignity it deserves," he said.

He also criticised the government, saying that it has changed the rules 172 times since November 8, the day it took the decision on demonetisation.

Slamming Modi for "continuously evading" Parliament, Sibal said: "It seems the Prime Minister is afraid of his own party members otherwise why doesn't he come to Lok Sabha where his party (BJP) has absolute majority?

"Modi promised he would bring back Rs 80 lakh crore black money to India. Has he fulfilled that promise? He said he'd bring Lokpal, has he implemented it? Which promise has he fulfilled? Why should we believe him? We have no faith in this Prime Minister. He isn't worthy of trust," he added.

"The Prime Minister said the situation will normalise in two days. Did it happen? Finance Minister (Arun Jaitley) said situation will normalise in two weeks. Did it happen," he asked.

--IANS

sid/rn

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard