Rajat Sharma

New disclosure scheme a welcome step

The new unaccounted income disclosure plan announced by the government on Monday is a welcome step.

It will give another chance to people who have hoarded black money and were working in the parallel cash-based economy that had been in existence for the last sixty years.

This scheme is expected to bring in much-needed funds to be spent on irrigation, education and health.

Moreover, it will not give such people a chance to complain that there were not given any opportunity to disclose their unaccounted income.

On the other hand, the common man, no doubt facing cash crunch woes, has emphatically demonstrated on Monday that it is not with the Opposition on the demonetisation issue.

The strike call had no effect in most of the metros and urban clusters.

The Opposition itself appeared to be divided, with BSP, SP and JD(U) refusing the support the strike call.

The significant part is that not a single major Opposition leader is saying that Prime Minister Modi’s demonetisation move is wrong.

All the charges that are being made by the Opposition relate to lack of adequate preparations to implement the decision.

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