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BJP to celebrate DeMo anniversary as ‘Anti-Black Money Day’ on Nov 8

Published

9 years ago

on

Arun Jaitley

[vc_row][vc_column][vc_column_text]BJP’s move comes a day after a united Opposition, led by the Congress party, said that it would observe the first anniversary of demonetisation as ‘black day’

In a move aimed at countering possible political backlash triggered by a united Opposition’s plan to observe the first anniversary of Prime Minister Narendra Modi’s demonetisation decision as a ‘black day’, the BJP will commemorate the event in its own way by celebrating it as ‘Anti-black money day’.

Union finance minister Arun Jaitley, on Wednesday, said that the BJP will mark the first anniversary of noteban – on November 8 – as ‘Anti-black money day’ while claiming that the Congress party had “not understood the object of demonetisation”.

Last year on November 8, Prime Minister Narendra Modi had in a surprise move demonetised old Rs 500 and Rs 1,000 currency notes. The move, for which the BJP is still struggling to give a credible explanation, had wreaked havoc on the lives of common citizens who had to queue up for hours, at times even days, outside banks to get their demonetised notes deposited in their accounts or exchanged for legal tender. Several economists, including non-Indians, have repeatedly slammed the move and claimed that it was one of the reasons for the slowing pace of India’s economy – a charge that the BJP has assiduously rejected.

BJP leaders, from Prime Minister Modi to party president Amit Shah and a host of other union ministers and office bearers, have given multiple reasons to explain why demonetisation was a good step even as former RBI governor Raghuram Rajan and other officials of the reserve bank have hinted that Modi hadn’t taken them into confidence before announcing the decision.

The BJP leadership has at different times given unrelated rationale for the move, with Modi initially claiming that it would end black money and curb terrorism while on other occasions BJP leaders, including Jaitley, have claimed that the move was triggered by the objective of reducing cash flow in the economy and switching to digital currency and transactions.

However, the BJP’s claim that demonetisation helped curb black money seems hard to digest considering that the RBI has gone on record to state that 99 per cent of the demonetised currency had made its way back into the banking system – in effect meaning that the black money in circulation in the Indian economy before November 8, 2016 had been turned legitimate by its hoarders who managed to deposit their illicit money into bank accounts.

On Wednesday, Union finance minister Jaitley offered what seemed like a laundry list of justifications for demonetisation. He said that the main objectives of the note ban were “to reduce the quantity of cash currency, increase taxpayers base, squeeze terror funding and digitise commercial transactions.” Jaitley said confiscation of money was never the object of demonetisation.

The finance minister also hit out at the Congress for calling demonetisation the single biggest money laundering scheme and the “scam of the century” by asserting that the Congress had the adequate opportunity to be in power and yet it did not take any significant action to remove black money. He said the ownership of money before demonetisation was not known to the system, but due to the noteban decision the money that came into the banking system is now accountable to the authority concerned.

On Tuesday, senior Congress leader Ghulam Nabi Azad, Trinamool Congress MP Derek O’Brien and rebel JD (U) leader Sharad Yadav had, at a press conference, declared that 18 Opposition parties, including the DMK, Left parties, SP and BSP, had agreed to observe November 8 as a ‘black day’ and that these parties would organise nation-wide agitations against demonetisation.[/vc_column_text][/vc_column][/vc_row]

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India News

PM Modi marks Operation Sindoor anniversary, calls it India’s firm stand against terrorism

PM Modi said Operation Sindoor showcased India’s firm response against terrorism while paying tribute to the armed forces on the operation’s first anniversary.

Published

3 hours ago

on

May 7, 2026

By

PM Modi

Prime Minister Narendra Modi on Thursday said Operation Sindoor demonstrated India’s firm response against terrorism and highlighted the country’s commitment to national security.

Marking one year of the operation, the Prime Minister praised the courage, precision and professionalism of the Indian armed forces. He said the military action was carried out in response to the Pahalgam terror attack that had claimed the lives of 26 civilians in 2025.

Operation Sindoor was launched on May 7, 2025, as a calibrated tri-services operation targeting terror infrastructure linked to cross-border terrorism. Reports said the operation showcased coordinated action by the armed forces and was seen as a major counter-terror response by India.

On the anniversary of the operation, PM Modi also changed the display pictures across his social media platforms, including X, Facebook, Instagram and WhatsApp. The image carried the text “Operation Sindoor” along with the Indian tricolour design.

The Indian Air Force also shared visuals and messages recalling the operation and highlighting India’s military response. A video released by the force described the operation as a strong message against terrorism and referred to the precision strikes carried out during the mission.

Operation Sindoor was launched following the Pahalgam terror attack, after which India carried out strikes on terror camps in Pakistan and Pakistan-occupied Kashmir, according to official statements and reports published at the time.

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India News

Vijay meets Tamil Nadu Governor again as TVK pushes to prove majority

TVK chief Vijay held another meeting with Tamil Nadu Governor Rajendra Vishwanath Arlekar as the party intensified efforts to secure majority support after emerging as the single-largest party in the Assembly elections.

Published

3 hours ago

on

May 7, 2026

By

Actor vijay

Actor-turned-politician Vijay met Tamil Nadu Governor Rajendra Vishwanath Arlekar again on Thursday as his party, Tamilaga Vettri Kazhagam (TVK), continued efforts to prove it has enough support to form the next government in the state.

TVK emerged as the single-largest party in the 234-member Tamil Nadu Assembly after winning 108 seats, but it remains short of the majority mark of 118.

The Congress has extended support to TVK, adding five MLAs to Vijay’s side. However, the alliance still needs additional backing from other parties or independents to comfortably cross the halfway mark.

According to reports, the Governor has not yet been fully convinced that TVK currently has the required numbers to form a stable government. This has delayed clarity over the swearing-in ceremony and the formal invitation to form the government.

Political activity intensified after reports emerged that some AIADMK legislators were moved to a resort in Puducherry amid speculation over possible support to TVK. AIADMK leaders, however, publicly denied any internal crisis.

TVK sources have expressed confidence that the party will be able to demonstrate majority support during discussions with the Governor.

The Tamil Nadu election results marked a major political shift in the state, with TVK breaking the long-standing dominance of the DMK and AIADMK in its first Assembly election contest.

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India News

PM Modi changes social media profile pictures to mark Operation Sindoor anniversary

PM Modi changed his social media profile pictures to commemorate one year of Operation Sindoor, with several NDA leaders following the move.

Published

4 hours ago

on

May 7, 2026

By

PM Modi speech

Prime Minister Narendra Modi on Thursday updated the display pictures of his social media accounts to mark the first anniversary of Operation Sindoor. The new image was seen across his profiles on X, Facebook, Instagram and WhatsApp channels.

The updated profile picture carries the text “Operation Sindoor” on a black background along with elements of the Indian tricolour. One of the letters in the word “Sindoor” has been stylised using vermilion, commonly associated with married Hindu women.

Operation Sindoor was launched a year ago by Indian defence forces and the Border Security Force along the western border. The anniversary was also marked by several Union ministers and NDA leaders, who changed their social media profile pictures in a similar manner.

External Affairs Minister S. Jaishankar and other senior leaders were among those who adopted the commemorative display image on social media platforms, according to reports.

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