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  1. Demonetisation: Bihar CM Nitish Kumar lauds note-ban; criticises the way of implementation

Demonetisation: Bihar CM Nitish Kumar lauds note-ban; criticises the way of implementation

The Bihar CM said that while the demonetisation policy is a good step to curb the flow of black money in the country, the government should also work on hitting the 'benami' (unnamed) transactions.

By: | New Delhi | Published: December 3, 2016 6:10 PM
Over the support of Nitish Kumar towards the Modi government's policy, there had been speculations on whether the JDU leader is joining hand with the ruling Bharatiya Janata Party (BJP).  (PTI) Over the support of Nitish Kumar towards the Modi government’s policy, there had been speculations on whether the JDU leader is joining hand with the ruling Bharatiya Janata Party (BJP). (PTI)

With the implementation of the demonetisation policy, as political leaders divide their opinions on whether or whether not to support the newly implemented policy, Bihar Chief Minister Nitish Kumar, today supported the Modi government’s initiative but had also criticized the way it was implemented. The Bihar CM said that while the demonetisation policy is a good step to curb the flow of black money in the country, the government should also work on hitting the ‘benami’ (unnamed) transactions and also bring back black cash dumped in foreign countries.

Over the support of Nitish Kumar towards the Modi government’s policy, there had been speculations on whether the JDU leader is joining hand with the ruling Bharatiya Janata Party (BJP). However, speaking at the HT Leadership summit, today, Kumar dismissed all such claims calling them mere rumors to confuse people.

On questions on media reports suggesting Nitish Kumar’s meeting with BJP party president Amit Shah, Kumar took a lighter tone to indirectly ignoring the question. And over West Bengal Chief Minister calling him ‘gaddar’ (traitor), following his support for the Modi government’s policy, Kumar claims that perceptions may vary but that won’t affect his belief.

Citing the rise in the flow of black money in the country, Prime Minister Narendra Modi, on November 8, had initiated the demonetisation policy, following which old currency notes of the denomination Rs 500 and Rs 1,000 had been scrapped and replaced with new notes. Blaming the central government for the continuing pain among the common people of the country, opposition party and their leaders had locked horns with the Modi government, since November 8. The heated political uproar had also been disrupting the parliamentary proceedings of the winter session, with both the houses witnessing frequent adjournments.

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