Anna Hazare backs PM Modi’s note ban, says ”for gain you need to go through pain”

By: |
November 18, 2016 1:56 PM

Earlier too, Anna appreciated the move and said that it could very well lead to the beginning of a 'new Indian marching towards a corruption-free society'.

Demonetisation, Anna Hazare, Narendra Modi, Black Money, Social Activist, Anna on Note Ban, Cash Crisis, BJP, Corruption-free India, electoral reformsEarlier too, Anna appreciated the move and said that it could very well lead to the beginning of a ‘new Indian marching towards a corruption-free society’. (Source: Express Photo)

In a recent interaction with the media, anti-corruption activist Anna Hazare has recently said that those who are opposing the demonetisation move are probably the one with black money. He also said that majority of the people in the country are happy with government’s revolutionary initiative to curb corruption and black money. He also said that there is bound to be inconvenience for sometime until the circulation of new currency notes get back to normal.

He backed PM Narendra Modi’s demonetisation of Rs 500 and Rs 1,000 currency notes by saying, “To gain, you need to go through pain.” Anna also called the demonetisation drive a historic decision made by Modi government.

Earlier too, Anna appreciated the move and said that it could very well lead to the beginning of a ‘new Indian marching towards a corruption-free society’. The 79-years old social activists also suggested the government for its next move by seeking electoral reforms to check black money in the poll process.

Also earlier while speaking to The Indian Express, Anna said that the decision to ban the circulation of Rs 500 and Rs 1000 notes is the first step, which would help in wiping out black money and putting brakes on illegal financial operations to the terror organisations. The decision will also help in tackling the fake currency in circulation.

However, Anna has also warned the government for its decision to issue new currency notes of Rs 2,000 denomination as it could be that one loophole to generate black money in the coming future.
The corruption crusader, from the very beginning, has raised demands for discontinuing the higher denomination notes as smaller denominations force the sections, who always dodge the system, to become more answerable towards their financial records and earnings.

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Govt health expenditure share in GDP increases from 1.15 pc to 1.35 pc: NHA report for 2017-18
2Net direct tax revenue rises 68% to Rs 6.92 lakh cr till Nov 23
3Commerce Ministry recommends continuation of anti-dumping duty on Chinese tiles