Monday, November 28th, 2016

Demonetisation a surgical strike on black money, says Manohar Parrikar

Narada Desk | November 28, 2016 8:10 am Print

Manohar Parrikar also claimed that due to the Centre's demonetisation move, the rate of crime in Mumbai, including contract killings, murders, extortion and drug trafficking, has come down drastically
Manohar Parrikar : Defence Minister

Union Defence Minister Manohar Parrikar on Sunday called the demonetisation of Rs 500 and Rs 1,000 notes a “surgical strike” by Prime Minister Narendra Modi on black money, PTI reported. Parrikar said the country’s public were “wholeheartedly” supporting the move, which was announced by Modi on November 8.

“This is [a] war against black money, which affects the economy of the state,” Parrikar said during a rally organised by the Bharatiya Janata Party in Goa’s Panaji. “Black money is responsible for inflation in the country.” The move had also prevented criminal and militant groups from funding their operations, the Union defence minister claimed.

He said Goa had begun to transition towards a cashless society and said that state government and bank officials would “educate people on the use of mobile for cashless transactions”.

Manohar Parrikar also claimed that due to the Centre’s demonetisation move, the rate of crime in Mumbai, including contract killings, murders, extortion and drug trafficking, has come down drastically.

“The decision taken by Prime Minister Narendra Modi is a historic one. The black money, corruption money, terror funding and drug money has received a jolt,” Parrikar said.

There has been a surge in deposits made at banks since the government scrapped the high-denomination currency. The country has been grappling with a cash crunch, with the RBI and Centre’s repeated revisionof rules on exchanging the old notes

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