1. Centre resolved to get rid of black money: Arun Jaitley says after high-value currency note ban

Centre resolved to get rid of black money: Arun Jaitley says after high-value currency note ban

Hailing the decision, Finance Minister Arun Jaitley said that the centre is resolved to get rid of black money completely. (Reuters)

By: | Published: November 9, 2016 1:10 PM
Arun Jaitley explained the benefits of demonetising high-value currency notes and asked people to be patient as the move will help them in future. (Reuters) Arun Jaitley explained the benefits of demonetising high-value currency notes and asked people to be patient as the move will help them in future. (Reuters)

A day after the ‘big announcement’ by Prime Minister Narendra Modi to ban currency notes of Rs 500 and Rs 1,000 denomination effective from Tuesday midnight, Finance Minister Arun Jaitley spoke on the merits of the move. Hailing the decision, Jaitley said that the centre is resolved to get rid of black money completely. He further called the decision helpful in the long term and said that only those people should be worried who have not earned money honestly.

In an interaction with Doordarshan, Jaitley opened up about the currency ban. He explained the benefits of demonetising high-value currency notes and asked people to be patient as the move will help them in future.

Emphasising the sole motive of eradicating black money and corruption, he said, “We have resolved to get rid of black money” and added that the centre wants “our economy to be cashless”.

Asked about the suffering of common men after the decision, the union minister said only those people should worry “who have not earned honestly”, while on the quick implementation of the ban, he sought support of the people of India and assured that the decision will prove highly beneficial to everyone in the long term.

Please Wait while comments are loading...

Go to Top