Demonetisation a well considered step, says Manoj Tiwari

New Delhi, Dec 8 : Delhi BJP leader Manoj Tiwari on Thursday said the decision of demonetisation is a well considered step of the central government and its objective is to create a clean economic system by ending black money.During a meeting with representatives of various traders organisations, the Delhi Bharatiya Janata Party (BJP) unit chief told reporters here: "Since coming to power in 2014, Prime Minister Narendra Modi s government has been working for providing a clean atmosphere in the country."While interacting with the traders, Tiwari elaborated that the government has from time to time implemented new laws and rules since the announcement of demonetisation. "But the steps it has taken will ultimately provide long-term solutions to the problems being faced by the traders and the industrialists.""The government under the NITI Aayog officers has formed a committee of six departments, including Finance and Commerce departments and a committee of the Chief Ministers, which will soon give suggestions on a cashless and trader-friendly economic system," Tiwari said.Highlighting the achievements of the BJP-led government, Tiwari said, "The Modi government increased the exemption limit of Income Tax and got the GST Bill passed in Parliament by persuading all parties to provide relief to the traders facing harassment in paying various central and local taxes."He also said that under the previous governments, Income Tax raids were common during the festive season, including Navratras and Diwali, but the Modi government has put a brake on this.The traders leaders accused bank employees of creating chaos in trade circles post demonetisation.Satish Garg, a prominent leader of a trader organisation, said the traders feel that the "bank employees are responsible for the chaos in trade circles because they are facing difficulties in drawing money from their current and savings accounts".The large numbers of new notes circulating in the market point towards some manipulation by the banks, he added.Another trader organisation leader Praveen Khandelwal said that traders of the national capital are fully supporting demonetisation.Khandelwal also said that if the government departments and the banks remain free from corruption, then the traders will be the first ones to adopt e-commerce.On November 8, Modi announced demonetisation of Rs 500 and Rs 1,000 notes to curb "black money and corruption". Serpentine lines have been seen ever since outside banks and ATMs to withdraw cash.