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CM Badal Hails Modi Govt’s decision to Ban Rs. 500 & 1000 Notes; Says Its Blow to the Corrupt
November 9, 2016 | By Sikh Siyasat Bureau
Chandigarh: Punjab Chief Minister Parkash Singh Badal today hailed Indian Government’s decision decision to demonetise Rs 500 and Rs 1000 notes as “morally, politically and financially brave and decisive blow against corrupt and dangerous individuals, organisations and mafia who harmed the country and people through corruption and black money”.
CM Badal praised Narendra Modi for inflicting big blow to the corrupt people by banning currency notes of Rs. 500 and Rs. 1000 that were in circulation before November 09, 2016.
Image Used For Representational Purpose Only
Indian Prime Minister Narendra Modi on Tuesday announced that the currency notes of Rs. 500 and Rs. 1000 denominations will not be legal tender beginning November 9.
“You have 50 days (From November 10 to December 30) to deposit notes of Rs. 500 and Rs. 1000 in any bank or post office. Respite for people for the initial 72 hours. The government hospitals will accept old Rs. 500 and Rs. 1000 notes till November 11 midnight,” he added.
Modi said notes of Rs. 2000 and Rs. 500 will be circulated soon.
Commenting on the decision renowned economist Prabhat Patnaik said: “This argument, namely that the demonetization of 500 and 1000 rupee notes constitutes an attack on “black money”, is based on an utter lack of understanding of the nature of “black money,” a conception of it that is staggering in its simple-mindedness.”
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Related Topics: Indian Politics, Parkash Singh Badal, Punjab Politics
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