government had taken decisive steps to give a fitting reply to the repeated incursions on India’s territorial sovereignty.
“On September 29, 2016, our defence forces successfully conducted surgical strikes at several launch pads along the Line of Control to prevent infiltration by terrorists. We are proud of the exemplary courage and valour displayed by our defence personnel and owe a debt of gratitude to them,” he said.
Touching on the demonetisation decision, the President said the resilience and forbearance demonstrated by the countrymen especially the poor, recently in the fight against blackmoney and corruption, is remarkable.
Later again, referring to the issue, he said, “My Government has taken bold decisions in the interest of the poor.”
To combat evils of blackmoney, corruption, counterfeit currency and terror financing, Mukherjee said the government took the decision on November 8 to demonetise old 500 and 1000 rupee currency notes.
“My government’s very first cabinet decision (in 2014) was to set up a SIT on blackmoney.
“The passing of Blackmoney (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015, Benami transactions (Prohibition) Amendment Act, 2016, Amendments to treaties with Singapore, Cyprus and Mauritius to prevent misuse of provisions in such treaties for tax evasion and movement of blackmoney in India and the Taxation Amendment Act providing for Pradhan Mantri Garib Kalyan Yojana, have together resulted in a comprehensive policy backed initiative against blackmoney,” he said. MORE
(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)
Source: dnaindia.com