'Black money policy is fair and lovely'

Congress VP ridicules the policy; calls it Centre’s ‘Yojana’ to convert black money into white

New Delhi: Congress vice president Rahul Gandhi yesterday launched a scathing attack on the Narendra Modi government, saying it launched a ‘Fair and Lovely Yojana’ to convert black money into white money.

Congress Vice President Rahul Gandhi speaks in the Lok Sabha yesterday. File pic
Congress Vice President Rahul Gandhi speaks in the Lok Sabha yesterday. File pic

Speaking in the Lok Sabha, he said, “Nobody who has black money will be jailed under Modi’s ‘Fair and Lovely’ scheme. All those who have black money can make it white under this scheme.’ He also hit out at Prime Minister Narendra Modi for failing to fulfill his poll promise of bringing the black money from foreign countries.

“Modi ji had promised that he will put people with black money behind bars, now they have come up with way to save those people. I was shocked to see Finance Minister Arun Jaitley launching such scheme,” he added.

It's no amnesty: Finance Minister

Finance Minister Arun Jaitley yesterday said the domestic black money holders being offered a limited period compliance window to come clean is not an amnesty scheme as disclosures will be charged at 45 per cent as against the normal rate of 30 per cent. “In amnesty (scheme), you just pay tax and get away with it,” he said during a post-Budget interaction.

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