Here's some advice for anyone following the US midterm elections on Nov. 8: Be ready for a long night and maybe days of waiting before it's clear whether Republicans or President Joe Biden's Democrats will control Congress.

All 435 seats in the US&nbsp;House of Representatives are up for grabs, as are 35 US Senate seats and 36 governorships.

Republicans would need to pick up five seats to take a majority in the House and just one to control the Senate. Nonpartisan election forecasters and polls suggest Republicans have a very strong chance of winning a House majority, with control of the Senate likely to be closer fought.

A massive wave of Republican support could lead to declarations of victory hours after polls close.

But with dozens of races expected to be close and key states like Pennsylvania already warning it could take days to count every ballot, experts say there's a good chance America goes to bed on election night without knowing who won.

"When it comes to knowing the results, we should move away from talking about Election Day and think instead about election week," said Nathan Gonzales, who publishes the nonpartisan newsletter Inside Elections.

The earliest vote tallies will be skewed by how quickly states count mail ballots.

Because Democrats vote by mail more often than Republicans, states that let officials get an early jump on counting mail ballots could report big Democratic leads early on that evaporate as vote counters work through piles of Republican-leaning ballots cast on election day.

In the&nbsp;"blue mirage" states — which include Florida and North Carolina — election officials are allowed to remove mail ballots from their envelopes before Election Day and load them in vote counting machines, allowing for speedy counting.

States including Pennsylvania and Wisconsin don't allow officials to open the envelopes until Election Day, leading to a possible "red mirage" in which Republican-leaning Election Day ballots are reported earlier, with many Democratic-leaning mail ballots counted later.

Experts like Joe Lenski, co-founder of Edison Research, which will be tracking hundreds of races on Nov. 8 and supplying Reuters and other media organizations with results, will keep an eye on the mix of different types of ballots each state is counting throughout the night.

"Blue mirage, red mirage, whatever. You just have to look at what types of votes are getting reported to know where you are in that state," said Lenski.

SO WHEN DO WE KNOW WHICH PARTY WON?

The first wave of vote tallies are expected on the East Coast between 7 p.m. and 8 p.m. ET (0000-0100 GMT Wednesday, Nov. 9). An early indication of Republican success could come if the races expected to be close — like Virginia's 7th congressional district or a U.S. Senate seat in North Carolina — turn out to be Democratic routs.

By around 10 pm or 11 pm ET, when polls in the Midwest will be closed for an hour or more, it's possible Republicans will have enough momentum for experts at US media organizations to project control of the House, said Kyle Kondik, a political analyst at the University of Virginia's Center for Politics.

If the fight for the House still looks close as vote tallies start coming in from the West Coast — where there could be more than a dozen tight House races — it could be days before control of the chamber is known, experts said.

California typically takes weeks to count all its ballots, in part because it counts ballots postmarked by Election Day even if they arrive days afterward. Nevada and Washington state also allow late ballots if postmarked by Nov. 8, slowing down the march to final results.

"If the House is really on the edge, that would matter," said Kondik.

It may take longer, perhaps weeks longer, to know which party will control the Senate, with close contests in Pennsylvania, Arizona and Georgia likely to determine final control.

If Georgia's Senate race is as close as expected and no candidate receives more than 50% of the vote, a run-off election would be scheduled for Dec. 6, possibly leaving control of the chamber in limbo until then.

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

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Here's some advice for anyone following the US midterm elections on Nov. 8: Be ready for a long night and maybe days of waiting before it's clear whether Republicans or President Joe Biden's Democrats will control Congress.

Here's some advice for anyone following the US midterm elections on Nov. 8: Be ready for a long night and maybe days of waiting before it's clear whether Republicans or President Joe Biden's Democrats will control Congress. All 435 seats in the US House of Representatives are up for grabs, as are 35 US Senate seats and 36 governorships. Republicans would need to pick up five seats to take a majority in the House and just one to control the Senate. Nonpartisan election forecasters and polls suggest Republicans have a very strong chance of winning a House majority, with control of the Senate likely to be closer fought. A massive wave of Republican support could lead to declarations of victory hours after polls close. But with dozens of races expected to be close and key states like Pennsylvania already warning it could take days to count every ballot, experts say there's a good chance America goes to bed on election night without knowing who won. "When it comes to knowing the results, we should move away from talking about Election Day and think instead about election week," said Nathan Gonzales, who publishes the nonpartisan newsletter Inside Elections. The earliest vote tallies will be skewed by how quickly states count mail ballots. Because Democrats vote by mail more often than Republicans, states that let officials get an early jump on counting mail ballots could report big Democratic leads early on that evaporate as vote counters work through piles of Republican-leaning ballots cast on election day. In the "blue mirage" states — which include Florida and North Carolina — election officials are allowed to remove mail ballots from their envelopes before Election Day and load them in vote counting machines, allowing for speedy counting. States including Pennsylvania and Wisconsin don't allow officials to open the envelopes until Election Day, leading to a possible "red mirage" in which Republican-leaning Election Day ballots are reported earlier, with many Democratic-leaning mail ballots counted later. Experts like Joe Lenski, co-founder of Edison Research, which will be tracking hundreds of races on Nov. 8 and supplying Reuters and other media organizations with results, will keep an eye on the mix of different types of ballots each state is counting throughout the night. "Blue mirage, red mirage, whatever. You just have to look at what types of votes are getting reported to know where you are in that state," said Lenski. SO WHEN DO WE KNOW WHICH PARTY WON? The first wave of vote tallies are expected on the East Coast between 7 p.m. and 8 p.m. ET (0000-0100 GMT Wednesday, Nov. 9). An early indication of Republican success could come if the races expected to be close — like Virginia's 7th congressional district or a U.S. Senate seat in North Carolina — turn out to be Democratic routs. By around 10 pm or 11 pm ET, when polls in the Midwest will be closed for an hour or more, it's possible Republicans will have enough momentum for experts at US media organizations to project control of the House, said Kyle Kondik, a political analyst at the University of Virginia's Center for Politics. If the fight for the House still looks close as vote tallies start coming in from the West Coast — where there could be more than a dozen tight House races — it could be days before control of the chamber is known, experts said. California typically takes weeks to count all its ballots, in part because it counts ballots postmarked by Election Day even if they arrive days afterward. Nevada and Washington state also allow late ballots if postmarked by Nov. 8, slowing down the march to final results. "If the House is really on the edge, that would matter," said Kondik. It may take longer, perhaps weeks longer, to know which party will control the Senate, with close contests in Pennsylvania, Arizona and Georgia likely to determine final control. If Georgia's Senate race is as close as expected and no candidate receives more than 50% of the vote, a run-off election would be scheduled for Dec. 6, possibly leaving control of the chamber in limbo until then. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

How long will it take to know who won in the US midterm elections?

Nepali Prime Minister KP Sharma Oli will press India to exchange millions of dollars held in Nepal in banned high-value Indian bank notes during a visit this week to improve ties with its large southern neighbour.

Nepal and India have yet to agree on how to exchange old Indian bank notes estimated to be worth $146 million held by individuals and informal sectors after India’s shock announcement in 2016 to ban 500 and 1,000 rupee bills.

India said the move was aimed at flushing out unaccounted wealth and hit the finances of militants suspected of using fake currency to fund operations. But it also caught countries such as Nepal and Bhutan, where the Indian currency is widely used, off-guard.

“The Indian demonetisation has hurt Nepali nationals. I will raise this in my meetings with Indian leaders and request them to resolve the issue,” Oli told Nepali parliament late on Tuesday.

India is Nepal's largest trade partner and the supplier of the bulk of consumer goods. Indian currency is widely used by businesses and individuals who keep their savings at homes in Indian bank notes.

Oli will meet Indian Prime Minister Narendra Modi and President Ram Nath Kovind and other officials during the visit starting on Friday.

Central Nepal Rastra Bank (NRB) officials say the Reserve Bank of India (RBI) verbally agreed to allow every Nepali national to exchange up to 4,500 rupees worth of scrapped Indian bank notes in a meeting in March last year.

"But nothing has been communicated to us formally so far," NRB Deputy Governor Chinta Mani Shivakoti told Reuters.

A senior Indian government official, with direct knowledge of the RBI's views, said the central bank was unable to exchange the old currency notes in Nepal or any other country because there was no such provision made in the rules that the government issued at the time of demonetisation.

"Only the federal government can take a decision in this regard now," the official said.

Indian citizens were given nearly two months to exchange their old notes for new ones.

Nepali Prime Minister KP Sharma Oli will be visiting India this week

Nepali Prime Minister KP Sharma Oli will press India to exchange millions of dollars held in Nepal in banned high-value Indian bank notes during a visit this week to improve ties with its large southern neighbour. Nepal and India have yet to agree on how to exchange old Indian bank notes estimated to be worth $146 million held by individuals and informal sectors after India’s shock announcement in 2016 to ban 500 and 1,000 rupee bills. India said the move was aimed at flushing out unaccounted wealth and hit the finances of militants suspected of using fake currency to fund operations. But it also caught countries such as Nepal and Bhutan, where the Indian currency is widely used, off-guard. “The Indian demonetisation has hurt Nepali nationals. I will raise this in my meetings with Indian leaders and request them to resolve the issue,” Oli told Nepali parliament late on Tuesday. India is Nepal's largest trade partner and the supplier of the bulk of consumer goods. Indian currency is widely used by businesses and individuals who keep their savings at homes in Indian bank notes. Oli will meet Indian Prime Minister Narendra Modi and President Ram Nath Kovind and other officials during the visit starting on Friday. Central Nepal Rastra Bank (NRB) officials say the Reserve Bank of India (RBI) verbally agreed to allow every Nepali national to exchange up to 4,500 rupees worth of scrapped Indian bank notes in a meeting in March last year. "But nothing has been communicated to us formally so far," NRB Deputy Governor Chinta Mani Shivakoti told Reuters. A senior Indian government official, with direct knowledge of the RBI's views, said the central bank was unable to exchange the old currency notes in Nepal or any other country because there was no such provision made in the rules that the government issued at the time of demonetisation. "Only the federal government can take a decision in this regard now," the official said. Indian citizens were given nearly two months to exchange their old notes for new ones.

Nepal has $146 million in demonetised notes, wants India to change them

Continuing his attack on Prime Minister Narendra Modi, former prime minister Manmohan Singh once against described November&nbsp;8, 2016 when Prime Minister Narendra Modi&#39;s announced his demonitisation&nbsp;drive, as a black day for &#39;&#39;our economy and democracy&#39;&#39;.&nbsp;

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Nothing is gained as often attempted by Modi ji to pit the two great leaders (Pandit Nehru and Sardar Patel) of power (against each other): Former PM Manmohan Singh <a href="https://t.co/87HsOnTGJn">pic.twitter.com/87HsOnTGJn</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/936900584057192449?ref_src=twsrc%5Etfw">December 2, 2017</a></blockquote>
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Campaigning in Gujarat&#39;s Surat ahead of state assembly elections on Saturday, the former PM invoked the memories of 100 people who lost their lives during demonitisation.&nbsp;

&#39;&#39;I invoke memories of more than 100 people who lost their lives while standing in queues as a result of demonetisation,&#39;&#39; he said.&nbsp;

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I invoke memories of more than 100 people who lost their lives while standing in queues as a result of demonetisation. I say with immense pain &amp; a sense of deep responsibility that the 8th of November was a black day for our economy &amp; democracy: Manmohan Singh in Surat <a href="https://twitter.com/hashtag/Gujarat?src=hash&amp;ref_src=twsrc%5Etfw">#Gujarat</a> <a href="https://t.co/AGDuZgsf5r">pic.twitter.com/AGDuZgsf5r</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/936884654132535297?ref_src=twsrc%5Etfw">December 2, 2017</a></blockquote>
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With immense pain and a sense of deep responsibility that the 8th of November was a black day for our economy &amp; democracy, Singh said.&nbsp;

Attacking the PM on another major issue, he said nothing was gained as often attempted by Modi ji to pit the two great leaders (Pandit Nehru and Sardar Patel) of power (against each other).&nbsp;

Campaigning in Gujarat's Surat ahead of state assembly elections in the state, the former PM invoked the memories of 100 people who lost their lives during demonitisation

Continuing his attack on Prime Minister Narendra Modi, former prime minister Manmohan Singh once against described November 8, 2016 when Prime Minister Narendra Modi's announced his demonitisation drive, as a black day for ''our economy and democracy''. Nothing is gained as often attempted by Modi ji to pit the two great leaders (Pandit Nehru and Sardar Patel) of power (against each other): Former PM Manmohan Singh pic.twitter.com/87HsOnTGJn — ANI (@ANI) December 2, 2017 × Campaigning in Gujarat's Surat ahead of state assembly elections on Saturday, the former PM invoked the memories of 100 people who lost their lives during demonitisation. ''I invoke memories of more than 100 people who lost their lives while standing in queues as a result of demonetisation,'' he said. I invoke memories of more than 100 people who lost their lives while standing in queues as a result of demonetisation. I say with immense pain & a sense of deep responsibility that the 8th of November was a black day for our economy & democracy: Manmohan Singh in Surat #Gujarat pic.twitter.com/AGDuZgsf5r — ANI (@ANI) December 2, 2017 × With immense pain and a sense of deep responsibility that the 8th of November was a black day for our economy & democracy, Singh said. Attacking the PM on another major issue, he said nothing was gained as often attempted by Modi ji to pit the two great leaders (Pandit Nehru and Sardar Patel) of power (against each other).

November 8 black day for our economy and democracy: Manmohan Singh

Finance Minister Arun Jaitley has called November 8, 2016, the day when the BJP government banned the existing currency notes and replaced them with new ones a &ldquo;watershed moment in the history of Indian economy&rdquo;.

In a blog post on the first anniversary of demonetisation, Jaitley said, &ldquo;November 8, 2016 would be remembered as a watershed moment in the history of Indian economy.&nbsp;This day signifies the resolve of this Government to cure the country from &lsquo;dreaded disease of black money&rsquo;.&rdquo;

Highlighting his government&rsquo;s resolve to cleanse the economy and strengthen its foundations, Jaitley wrote in his blog that the process was started soon after the BJP came to power in 2014. &ldquo;This Government took decisions and implemented the earlier provisions of law in a well-considered and planned manner over three years to meet the objective of fight against black money.&nbsp; These decisions span from setting up of SIT to passing of necessary laws for foreign assets to demonetisation and to implementation of GST,&rdquo; Jaitley said.

The government has made elaborate plans to celebrate the first anniversary of demonetisation and has <a href="http://www.wionews.com/business-economy/one-year-of-demonetisation-ministers-to-highlight-govts-fight-against-black-money-23637">deployed many Union ministers</a> to highlight government&rsquo;s fight against black money. The government is celebrating November 8, 2017, as &lsquo;anti-black money day&rsquo;.

The opposition has hit back at the government saying the entire exercise has been a failure. In his blog post, Jaitley highlights the positive outcome of demonetisation to counter opposition charge. &ldquo;RBI has reported in their Annual Accounts that Specified Bank Notes (SBNs) of estimated value of Rs.15.28 lakh crore have been deposited back as on 30.6.2017.&nbsp;The outstanding SBNs as on 8th November, 2016 were of Rs.15.44 lakh crore value.&nbsp; The total currency in circulation of all denominations as on 8th November, 2016 was 17.77 lakh crore. One of the important objective of demonetisation was to make India a less cash economy and thereby reduce the flow of black money in the system.&nbsp; The reduction in currency in circulation from the base scenario reflects that this intended objective has been met,&rdquo; the finance minister says in his blog post.

READ JAITLEY&#39;S ENTIRE BLOG:

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Finance Minister Arun Jaitley has called November 8, 2016, the day when the BJP government banned the existing currency notes and replaced them with new ones a ?watershed moment in the history of Indian economy?.

Finance Minister Arun Jaitley has called November 8, 2016, the day when the BJP government banned the existing currency notes and replaced them with new ones a “watershed moment in the history of Indian economy”. In a blog post on the first anniversary of demonetisation, Jaitley said, “November 8, 2016 would be remembered as a watershed moment in the history of Indian economy. This day signifies the resolve of this Government to cure the country from ‘dreaded disease of black money’.” Highlighting his government’s resolve to cleanse the economy and strengthen its foundations, Jaitley wrote in his blog that the process was started soon after the BJP came to power in 2014. “This Government took decisions and implemented the earlier provisions of law in a well-considered and planned manner over three years to meet the objective of fight against black money. These decisions span from setting up of SIT to passing of necessary laws for foreign assets to demonetisation and to implementation of GST,” Jaitley said. The government has made elaborate plans to celebrate the first anniversary of demonetisation and has deployed many Union ministers to highlight government’s fight against black money. The government is celebrating November 8, 2017, as ‘anti-black money day’. The opposition has hit back at the government saying the entire exercise has been a failure. In his blog post, Jaitley highlights the positive outcome of demonetisation to counter opposition charge. “RBI has reported in their Annual Accounts that Specified Bank Notes (SBNs) of estimated value of Rs.15.28 lakh crore have been deposited back as on 30.6.2017. The outstanding SBNs as on 8th November, 2016 were of Rs.15.44 lakh crore value. The total currency in circulation of all denominations as on 8th November, 2016 was 17.77 lakh crore. One of the important objective of demonetisation was to make India a less cash economy and thereby reduce the flow of black money in the system. The reduction in currency in circulation from the base scenario reflects that this intended objective has been met,” the finance minister says in his blog post. READ JAITLEY'S ENTIRE BLOG: ×

Demonetisation: 'November 8 watershed moment in history of Indian economy', says Arun Jaitley

Ahead of the first anniversary of demonetisation, Finance Minister Arun Jaitley said today that excessive cash in the economy has &quot;its own cost&quot; and India is gradually moving towards digital transactions.

Prime Minister Narendra Modi announced on November 8 last year the scrapping of old Rs 500 and Rs 1,000 notes as part of the government&#39;s efforts to fight black money and corruption.

Following that, the Centre has been pushing for digital payments and transactions through the banking channel so as to promote a &#39;less-cash&#39; economy.

However, the opposition parties have criticised demonetisation and plan to observe November 8 as &quot;black day&quot; across the country.

Jaitley said some people have a problem with accepting the fact that transactions through the digital mode and banking instruments are going to witness a rapid growth as compared to cash dealings.

At the inauguration of the new building of Punjab National Bank (PNB) head office here, Jaitley said: &quot;Excessive dependence on cash has its own cost.

&quot;It is not just cost but there is a curse of cash. It has an impact on both society and economy.&quot;

He said there is a clear change taking place as to how India and Indians are spending money and the change is only in one direction.

It will not happen abruptly but the movement towards a less-cash economy is very clear, he said, adding that it will lead to more deposits with banks, increasing their lending ability at affordable rates.

Banking is the lifeline of the economy and it will gain further importance in the coming days, he said.

A healthy banking system will help support growth of the economy, he added.

Jaitley also launched two products of the PNB -- Rupay Credit Card and e-Rupaya.

Minister of State for Finance Shiv Pratap Shukla asked banks to focus on rural India and work towards improving customer experience.

He also said that management of banks should focus on the welfare of their employees.&nbsp;

Prime Minister Narendra Modi announced on November 8 last year the scrapping of old Rs 500 and Rs 1,000 notes as part of the government's efforts to fight black money and corruption.

Ahead of the first anniversary of demonetisation, Finance Minister Arun Jaitley said today that excessive cash in the economy has "its own cost" and India is gradually moving towards digital transactions. Prime Minister Narendra Modi announced on November 8 last year the scrapping of old Rs 500 and Rs 1,000 notes as part of the government's efforts to fight black money and corruption. Following that, the Centre has been pushing for digital payments and transactions through the banking channel so as to promote a 'less-cash' economy. However, the opposition parties have criticised demonetisation and plan to observe November 8 as "black day" across the country. Jaitley said some people have a problem with accepting the fact that transactions through the digital mode and banking instruments are going to witness a rapid growth as compared to cash dealings. At the inauguration of the new building of Punjab National Bank (PNB) head office here, Jaitley said: "Excessive dependence on cash has its own cost. "It is not just cost but there is a curse of cash. It has an impact on both society and economy." He said there is a clear change taking place as to how India and Indians are spending money and the change is only in one direction. It will not happen abruptly but the movement towards a less-cash economy is very clear, he said, adding that it will lead to more deposits with banks, increasing their lending ability at affordable rates. Banking is the lifeline of the economy and it will gain further importance in the coming days, he said. A healthy banking system will help support growth of the economy, he added. Jaitley also launched two products of the PNB -- Rupay Credit Card and e-Rupaya. Minister of State for Finance Shiv Pratap Shukla asked banks to focus on rural India and work towards improving customer experience. He also said that management of banks should focus on the welfare of their employees.

India moving towards digital economy post-demonetisation: Arun Jaitley

Congress vice-president Rahul Gandhi, who met leaders of his party ahead of the first anniversary of demonetisation, said November 8 was a &quot;sad day&quot; for India.

Rahul Gandhi said that the very fact that Prime Minister Narendra Modi said that November 8 will be celebrated conveyed the message that he has not understood pain and feelings of people.

The Congress vice-president said that PM Modi had hit&nbsp;the country&#39;s economy with &quot;two torpedoes of demonetisation and GST which have destroyed it.&quot;

Yesterday, while addressing a public meeting in Karnayaka, PM Modi and said that there would be no roll-back of the reforms of demonetisation and GST.&nbsp;

The government has said that it will celebrate November 8, the day the ban of Rs 500 and Rs 1000 currency notes was announced last year, as anti-black money day. 
&nbsp;

Rahul Gandhi said that the very fact that Prime Minister Narendra Modi said that November 8 will be celebrated conveyed the message that he has not understood pain and feelings of people.

Congress vice-president Rahul Gandhi, who met leaders of his party ahead of the first anniversary of demonetisation, said November 8 was a "sad day" for India. Rahul Gandhi said that the very fact that Prime Minister Narendra Modi said that November 8 will be celebrated conveyed the message that he has not understood pain and feelings of people. The Congress vice-president said that PM Modi had hit the country's economy with "two torpedoes of demonetisation and GST which have destroyed it." Yesterday, while addressing a public meeting in Karnayaka, PM Modi and said that there would be no roll-back of the reforms of demonetisation and GST. The government has said that it will celebrate November 8, the day the ban of Rs 500 and Rs 1000 currency notes was announced last year, as anti-black money day.

Torpedoes of demonetisation, GST have destroyed economy: Rahul Gandhi

The Bharatiya Janata Party (BJP) will observe &quot;anti-black money day&quot; on November 8 to counter the Oppostion&#39;s&nbsp;&quot;Black Day&quot;.

&quot;November 8 will complete one year of demonetisation. The party has decided to celebrate the day as anti-black money day,&quot; Union Finance Minister Arun Jaitley said, while addressing the media on Wednesday.

Jaitley further said that people who deposited money disproportionate to their income &quot;are now being forced to pay taxes.&quot;

&quot;Not the confiscation of money, but squeezing the quantum of cash was the objective of demonetisation,&quot; he added.

The finance minister also said that post the implementation of the Goods and Services Tax (GST), a new transition phase had been heralded in&nbsp;which would make cash generation difficult.

He added that the Congress had adequate opportunity while being in power, but he &quot;can`t recollect a single step that they took against black money.&quot;

The Opposition parties had earlier decided to observe November 8 - the first anniversary of demonetisation - as &quot;Black Day&quot;.&nbsp;

Leader of Opposition in the Rajya Sabha Ghulam Nabi Azad told the media here, &quot;Possibly, this is the first time that a decision announced by the Prime Minister had to be changed 135 times. It just shows how ill-conceived it was.&quot;

Azad was speaking in the presence of Janata Dal (United) leader Sharad Yadav and Trinamool Congress leader Derek O&#39;Brien, besides others.

He claimed that 18 parties would be protesting in their own respective ways in all states.

O`Brien described demonetisation as a &quot;big scam&quot; and added that TMC leader and West Bengal Chief Minister Mamata Banerjee was the first leader to point this out.

On Monday, the opposition formed a coordination committee and met for the first time in Parliament.

The meeting was attended by Azad, O&#39;Brien, Yadav, CPI MP D. Raja, DMK MP Kanimozhi and BSP MP Satish Mishra.On November 8, 2016, the Centre announced to demonetise 500- and 1000-rupee banknotes.The government also introduced new Rs.200, Rs. 500 and Rs. 2000 notes.The government had then said that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.&nbsp;

November 8 is the first anniversary of demonetisation

The Bharatiya Janata Party (BJP) will observe "anti-black money day" on November 8 to counter the Oppostion's "Black Day". "November 8 will complete one year of demonetisation. The party has decided to celebrate the day as anti-black money day," Union Finance Minister Arun Jaitley said, while addressing the media on Wednesday. Jaitley further said that people who deposited money disproportionate to their income "are now being forced to pay taxes." "Not the confiscation of money, but squeezing the quantum of cash was the objective of demonetisation," he added. The finance minister also said that post the implementation of the Goods and Services Tax (GST), a new transition phase had been heralded in which would make cash generation difficult. He added that the Congress had adequate opportunity while being in power, but he "can`t recollect a single step that they took against black money." The Opposition parties had earlier decided to observe November 8 - the first anniversary of demonetisation - as "Black Day". Leader of Opposition in the Rajya Sabha Ghulam Nabi Azad told the media here, "Possibly, this is the first time that a decision announced by the Prime Minister had to be changed 135 times. It just shows how ill-conceived it was." Azad was speaking in the presence of Janata Dal (United) leader Sharad Yadav and Trinamool Congress leader Derek O'Brien, besides others. He claimed that 18 parties would be protesting in their own respective ways in all states. O`Brien described demonetisation as a "big scam" and added that TMC leader and West Bengal Chief Minister Mamata Banerjee was the first leader to point this out. On Monday, the opposition formed a coordination committee and met for the first time in Parliament. The meeting was attended by Azad, O'Brien, Yadav, CPI MP D. Raja, DMK MP Kanimozhi and BSP MP Satish Mishra.On November 8, 2016, the Centre announced to demonetise 500- and 1000-rupee banknotes.The government also introduced new Rs.200, Rs. 500 and Rs. 2000 notes.The government had then said that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.

Nov 8: Opposition to observe 'Black Day', BJP 'anti-black money day'

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