Friday, 18 November 2016

Don’t Delight Volume Up Rs.2.5 Lakh as Black Money - KCR

Telangana Chief Minister K.Chandrasekhar Rao on Thursday said those having more than Rs. 2.5 lakh cash from income or savings should not be treated as having black money.

KCR, who spoke to Prime Minister Narendra Modi over the position proceeding out of demonetisation of high value currency notes, impression that more than Rs.2.5 lakh cash should be referred to as uncounted money.“These limited and intermediated traders, businessmen and others in the unorganised zones should be given positve discharge. They need to be sustained. They should be given one more chance to publish and deposit their accounts through allot them one-time reprieve,” said the chief minister.
According to the chief minister’s commission, the prime minister invited KCR to New Delhi for a meeting to discuss the measures needed to reduce difficulties faced by people.Modi asked KCR, as the chief minister is popularly known, to be available in the national capital on Friday. The meeting is expected to Saturday.The prime minister also asked the chief minister to prepare a blue print on the measures to be taken to reduce the difficulties of the people post-demonetisation.
Previous, KCR insepected the collision of the demonetisation on the state’s revenue with Chief Secretary Rajiv Sharma, the Special Chief Secretaries, Principal Secretaries and Cecretaries.
KCR said the central government should also take into account how the states have incurred losses and less flow of revenue to their exchequers. To mitigate the state’s sufferings, the union government should defer payments from the states on the loans taken by them, the chief minister observed. He said he would bring these issues to the notice of the Prime Minister.
The officials informed the Chief Minister that Transport and Registration departments have bore the major brunt while Excise, Sales and Commercial taxes also had a setback.
KCR also said he felt that if demonetisation of currency notes of Rs 500 and Rs 1,000 denomination is going to help clean up the country’s economy, it should be welcomed. “Any reform is a continuous process and it should be aimed at excellence. When thinkers and intellectuals together embark on a purpose it would be nothing but success,” he said.

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