The massive midnight demonetisation drive that Prime Minister Narendra Modi announced last Thursday will soon be followed up with a heavy crackdown on benami transactions in a series of radical measures the government has lined up to rein in unaccounted money.
Top sources in the government told CNN-News18 that the crackdown on benami property will be launched early next year while a massive scheme to empower rural poor facing distress was on the drawing board.
The mega rural package – the contours of which are not yet clear – could be timed politically so that the electorate has a big reason to cheer before the 2019 general elections.
“The PM will keep cracking down against rich with unaccounted cash to reward the poor,” a top government source told CNN-News18.
Also on the anvil is a grand infrastructure push that the government expects will put the economy back on the fast track.
“There is no question of succumbing to any political pressure either from allies or from the Opposition,” the source said when asked about potential political hurdles.
The BJP, CNN-News18 learns, has decided to brazen it out and a decision has been taken to ignore short-term political opposition.
The shape of things to come on the political front was amply made clear at the BJP parliamentary party meet on Monday when Union Minister of Urban Development, Housing and Urban Poverty Venkaiah Naidu said the mood of the nation was in favour of the decision taken by PM Modi to scrap Rs 500 and 1,000 currency notes.
Naidu said there were enough indications about the impending move to demonetise, like, the constitution of SIT on black money, avoidance of double tax treaty, prohibition of benami transaction bill, et all.
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