Amid criticism from Opposition parties over demonetization, Prime Minister Narendra Modi on Tuesday asked all Bharatiya Janata Party (BJP) MPs, MLAs to submit details of their bank account transactions between November 8 and December 31 to BJP President Amit Shah, reported PTI.

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The decision comes a day after the government proposed to raise penalty under Income Tax Act for search and seizure cases by 3-fold to 30 per cent, a move aimed at deterring black money holders from misusing the provisions for turning their unaccounted cash into white.

Last week, making an emotional address to BJP lawmakers, Modi asserted that the demonetization of high value currency is just a beginning of his government's deep and continuous struggle against black money.

Modi had said that the decision is in the interest of poor and middle class, adding that his government is dedicated to eradicate the evils of black money and corruption which have affected people in the last 70 years.

Meanwhile, the opposition parties on Tuesday escalated their attack on the ruling dispensation and reiterated their demand for an apology from the Prime Minister over his unwarranted barb post the decision to scrap high-value currency notes.

A united opposition is also adamant on its demand for discussion under Rule 56 in the Lok Sabha.