Bihar Chief Minister Nitish Kumar in his recent remark on Prime Minister Narendra Modi’s demonetisation drive has said that the PM is now riding on a tiger that could possible damage his alliances with other parties. However, looking at positive outcomes and support from the masses, he also said that there is a great sentiment in favour of the move and we should respect that.
Days after the announcement made, Kumar praised government decision to ban Rs 500 and Rs 1,000 note currencies extending his full support to Modi. Though, many of his party leaders were of the opinion that the move has created a hardship and nearly 86 per cent of he cash that is in circulation comprised of the scrapped notes and lakhs excluded from the banking systems are now lined which includes framers as well.
Rs 500 and Rs 1,000 old currency notes were banned by the Prime Minister from November 9 which was touted as a surgical strike at the black money circulation and the raising corruption in the country. The Opposition that has came ahead in support of the decision and has accused the government for not being able to protect the poor who were left cashless by the impromptu announcement. The Government has backed its decision by saying that without this sudden implementation, the move could have been useless.
Further commenting upon the advancement of the move, Kumar said that the party will not hold back in highlighting these inadequacies. He also said that he once again urge the Prime Minister to crackdown next on benami or proxy-owned property, which have a larger chunk of black money investment in the country.