New Delhi : The Congress on Thursday mounted an attack on the Modi Government for failing to bring back the black money and instead launching a new saving scheme to help the black money hoarders turn their black money into white.

“It is sad that the government, which talked of bringing back black money is rather promoting black money,” AICC General Secretary and chief spokesman Ajay Maken said on the re-launch of the Kisan Vikas Patra (KVP) by Finance Minister Arun Jaitley on Tuesday.

He told reporters at the AICC headquarters that Jaitley as part of the government must have an access to the reasons why the KVP scheme was shut down. He said Jaitley cannot ignore the report of the Shyamala Gopinath Committee on Small Savings Schemes and their Public Policy Objectives, recommending discontinuation of the KVP scheme since it promoted money laundering and financial terrorism.

“While the Narendra Modi-led government talked of bringing back black money and acting tough against corruption, they have re-introduced the (KVP) scheme, which was fraught with the risk of money laundering and financial terrorism. It was done away with because there was apprehension that it could promote black money,” Maken said.

“I want to know from Finance Minister Arun Jaitley as to why they reintroduced this scheme, which was abolished as per the committee’s recommendation. Did they earlier only do lip serving by talking about bringing back black money?” he asked.

Seeking to put NDA government on the defencive ahead of the Winter Session, Congress will soon come out with its second booklet projecting it as a government of ‘U-turns’.

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