The Bihar Post

‘Guilty will be punished’, warns Indian Prime Minister Narendra Modi

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Belagavi: Prime Minister Narendra Modi on Sunday said the government will not trouble innocent people but will ensure that those who are guilty are punished.

“This Government will never trouble innocent citizens & at the same time the Government wants to ensure those who are guilty are punished,” Modi said.

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“What was the news in 2012, 2013 and first half of 2014- the scams, the corruption…did you see their condition after 8th November,” he said attacking the former UPA government.

The government has scrapped the Rs 1000 and Rs 500 notes with effect from Tuesday midnight to fight black money.

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In unprecedented scenes, millions of people since Thursday morning thronged in front of banks across the country to deposit the now-invalid Rs. 500 and rs. 1000 notes.

The Government asked the people to deposit their Rs 500 and Rs 1000 notes in banks within a specific time frame and get smaller denominations in exchange.

It has also announced that deposits above Rs 250,000 will be taxed and could draw a 200 per cent penalty if found disproportionately higher than the account owner’s income.

The banks have been asked to keep the details of PAN card of people depositing such large amounts over the 50-day period till Dec 30.

IBNS

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