BJP’s a/c declaration is utterly non sequitur

If this is the best attempt to clear air, it has only strengthened conspiracy theories

GN Bureau | November 30, 2016


#Narendra Modi   #BJP   #currency   #black money   #politics   #Demonetisation  


Prime minister Narendra Modi has asked all MPs and MLAs of his party to come clean, and declare their bank transaction details to the party chief. Somewhat like demonetisation itself, it is pointless – and potentially equally appealing to gullible voters.

More importantly, if this is the best Modi could come up with to clear the air after allegations of foul play, then allegations will only gain further ground. Here’s why:

* It’s not clear why the BJP lawmakers are supposed to make their declarations before the party head, rather than to the tax authorities.

* Shouldn’t they declare transactions of the time before November 8, rather than after the date?

* In any case, there’s no need to make any declarations of the bank transactions after November 8, if the tax authorities are keeping an eye on high-value deposits.

* And what about the party itself? The BJP too would have cash on hand – in white, genuine, tax-free, derived from donations. [Sitaram Yechury, participating in a debate in the Rajya Sabha, spoke of mammoth cash deposits by the Kolkata unit of BJP in a local bank branch, and he also gave bank details. The prime minister’s move does not respond to specific allegations like this.] It would make sense if the party declares its transactions pre- and post-demonetisation. While at it, it can make a good beginning by revealing sources of donations below Rs 20,000 – a cut-off that has potentially diverted a lot of unaccounted money to various political parties.

* Meanwhile, other political parties criticising the PM’s move should set a precedent by declaring their own transactions, pre- and post-demonetisation.
 

Comments

 

Other News

Dying cultural expressions

Every year since 2000, February 21 is observed as International Mother Language Day by United Nations Educational, Scientific and Cultural Organisation (UNESCO). It is to celebrate linguistic and cultural diversity, and multilingualism.

Need for state laws for compulsory registration of marriages

Indian women marrying NRIs, glamorous though it sounds, has recently become a cause of serious concern. The reason for this is the alarmingly high rates of desertion of women marrying NRIs, said a blog posted on the Niti Aayog website.    The blog ‘NRI: Non Reliabl

The rot at the top

CBI is supposed to be the last resort to catch the corrupt after all other options have not yielded the desired result. But, who will now tackle corruption now that two of the former top officials of the premier investigating agency are themselves facing charges.   India is s

Demonetisation is short-term challenges for long-term gains: Usha Ananthasubramanian

Post demonetisation, what are the challenges faced by banks? Post demonetisation, the major challenges are retention of CASA [current account, savings account] deposits, deployment of these funds, impact of spurt/decline in low-cost deposits on MCLR [marginal cost of fund

Universal Basic Income: The way forward

9.44 The irresistible force of even as powerful an idea as UBI will run into the immovable object of a resistant, pesky reality. So, what is the way forward, always remembering that the yardstick for assessment is not whether UBI can be perfect or faultless but only whether it can impr

Should action be taken against hospitals which have hiked the heart surgery cost?

Should action be taken against hospitals which have hiked the heart surgery cost?

Video

जल्द आएंगे 1000 रुपये के नए नोट
Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter