Will Advani bring back FERA, asks Cong
In its continuing attack on BJP’s prime ministerial candidate L K Advani, the Congress has alleged that the BJP is politicizing the issue of black money only to woe voters belonging to the middle class, asking if Advani would bring back the Foreign Exchange Regulation Act (FERA) to punish the offenders.
The Congress also accused the NDA government of indirectly helping those who stashed away slush funds in foreign banks by bringing in the Foreign Exchange Management Act (FEMA) in place of the FERA.
Kapil Sibal, Congress leader and Union Minister, said: ‘‘we want to ask him (Advani) why did his government do away with the FERA and bring in the FEMA. Have you mentioned in your manifesto that you would bring back FERA. What will be the punishment for those who stash money in foreign banks’’.
Describing the idea of bringing back black money as commendable, Sibal said Advani was politicising the issue to get middle class support as the party had lost the support of many sections.
“Let him reply in two days. I know the answer. This is electoral politics”, he added.
Earlier in an electin meet, LK Advani said that the money stashed abroad is people’s money and country could be developed with it.
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