Roll back post-demonetisation decisions causing pain to people: Cong tells Modi
The Congress said several anti-people steps taken by the BJP government have caused insurmountable pain and agony to ordinary hardworking citizens.Updated: Apr 01, 2017 22:27 IST
The Congress on Saturday accused the Narendra Modi government of indulging in “organised fleecing” and “legalised pilferage” on ordinary citizens by “burdening them with more taxes, more charges and taking away the subsidies from those in need” under the garb of development.
The main opposition party demanded the immediate rollback of post-demonetisation decisions such as imposing penalty on non-maintenance of minimum account balance, charges on deposit of more than three cash transactions a month by all nationalised banks, allowing insurance companies to pay higher commission to agents, toll tax hike and withdrawal of subsidy on sugar for poor.
It also expressed concern over the fall of Public Provident Fund (PPF) rates below 8% for the first time in 40 years.
“Several anti-people steps by the BJP government have caused insurmountable pain and agony to the ordinary hardworking citizens. These steps have hurt their savings and hit their daily budgets hard,” the Congress’s chief spokesperson Randeep Singh Surjewala said in a statement.
He said the “only development people are getting to see is that of rising prices, an expensive digital India, arbitrary bank charges” levied by banks.
Surjewala said the Modi government has “dealt a big blow to the pockets” of crores of people who avail health insurance.
Apart from allowing higher commissions to agents, the Insurance Regulatory and Development Authority of India (IRDAI) has also proposed up to 50% increase in insurance premium for cars, motor cycles as well as commercial vehicles.
He said the government was withdrawing subsidy on sugar sold through public distribution system or ration shops, and has lowered the interest rates on small saving schemes such as PPF, Kisan Vikas Patra and Sukanya Samriddhi scheme by 0.1%.
“The interest rate on one of the most popular small savings schemes – PPF -- is cut by 10 basis points to 7.9%, the lowest level since 1980, thereby adversely affecting the savings of crores of Indians and their future,” the Congress leader said.
He also raised the issues of income tax changes and charges on delay in filing tax returns.
“Deception of voters and betrayal of people's faith is the hallmark of Modi ji's brand of politics. The BJP government is making all efforts to hurt and backstab the hardworking middle class and poor of India. The Congress demands immediate rollback of these anti-people policies of the BJP,” Surjewala said.
First Published: Apr 01, 2017 22:26 IST