#DeMoWins : CM Raman Singh says scrapping old notes was open fight against black money

NewsBharati    08-Nov-2017
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Raipur, November 8: On the eve 1st anniversary of demonetization, Chhattisgarh Chief Minister Raman Singh termed the Currency ban an open fight against black money. He said the scrapping of Rs 500 and Rs 1000 notes curbed the circulation of fake notes and also led to strict action against those responsible.

The Chief Minister said, “Bharatiya Janata Party (BJP) government, is celebrating the Anniversary as anti-black money Day, but the opposition will observe it as ‘Black Day’.” He further added that PM Modi‘s decision was to free the country from terrorism, corruption and poverty.

 

"The decision taken one year ago under the guidance of Prime Minister Narendra Modi has proven to be a historical and revolutionary step towards curbing the circulation of black money and putting the Indian economy on a stronger track," the Chief Minister said.

In a statement issued for the public, Singh said, "To free the country of these issues, PM Modi initiated this open fight with black money. This is a representation of PM's strong determination."

Prime Minister Narendra Modi had on November 8 last year announced the demonetisation of old Rs 500 and Rs 1,000 notes to combat corruption, black money, terrorism and fake currency.

Of the Rs 15.44 lakh crore worth of notes withdrawn from the circulation, Rs 15.28 lakh crore had been deposited back as on June 30, 2017. Currency worth Rs 17.77 lakh crore was in circulation on November 8 last year.