All events

Demonetization of Rs 500, 1000 notes a major step to check black money: Thakur

Terming demonetization of Rs 500 and 1000 currency notes a major step to check black money, Altaf Thakur, Bharatiya Janata Party (BJP), Media Incharge, Kashmir said it will have a positive impact on Indian economy.

He said it was the prime minister Narendra Modi’s vision to fighting the menace of black money and corruption ever since it assumed power two years ago.

“Modi Ji has promised to the people that he would fight against fake currency, hawala money and black money in the country,” Thakur said.

Thakur also said world has acknowledged that India is now an economic star and to introduce some drastic changes are must for public welfare in the country.

“We are among fastest-growing economies, but we also rank so high in global corruption rankings. Corruption and black money are diseases rooted in this country, they are obstacles to our success Modi Ji this initiative will have positive consequences’ in the future,” he added.

The central government led by Modi has recovered 1.25 lakh crores of black money in last two years.

Earlier, yesterday government announced demonetization of Rs 500 and 1000 currency notes with effect from midnight, making these notes invalid and notes of Rs 500 and Rs 1000 can deposit in the bank and post office accounts from November 10 till December 30.