Senior Congress leader Ashok Chavan described demonetisation as the "biggest mistake of the Modi government" and claimed that it resulted in the slowdown of the economy and rise in unemployment.
The Congress Saturday said Prime Minister Narendra Modi's foreign trips had failed to create an environment that would help bring back black money stashed abroad or fugitives from the law.
The central government has notified Sessions courts in 34 states and Union Territories, which will act as special courts for trial of offences under the benami transaction law.
Indian businesses need to follow ethical corporate practices and behaviour for economic growth as few examples are spoiling the image of the industry, Vice President Venkaiah Naidu said.
Congress President Rahul Gandhi on Friday attacked Prime Minister Narendra Modi on demonetisation, saying while the exercise forced innocent people to stand in serpentine queues, it helped the corrupt to convert their black money into white.
The Indian rupee is falling because the currency is exiting the country in the form of black money, BJP MP Subramanian Swamy said.
The government will soon make it mandatory for unlisted companies to issue new shares only in the dematerialised form, senior officials said, amid intensified efforts to fight the black money menace.
Assets worth Rs 6.8 crore of two Delhi-based businessmen, under probe for allegedly operating shell firms and generating slush funds, has been attached by the ED in connection with its investigation into a Rs 8,000 crore money-laundering and black money racket.
Modi said structural reforms of four years by his govt have transformed the Indian economy from being among world's fragile five to an elephant that has started to run and made it a destination of multi-trillion dollar investment.
Modi vowed not to spare corrupt and black money holders, saying efforts of his govt have freed corridors of power from brokers, enhanced the number of taxpayers and saved Rs 90,000 cr by eliminating bogus beneficiaries.