Demonetisation forced black money into the open, claims PM Modi | india-news | Hindustan Times
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Demonetisation forced black money into the open, claims PM Modi

india Updated: Dec 29, 2016 23:26 IST
Narendra Modi

PM Narendra Modi addresses a rally at Parade Ground in Dehradun, on December 27.(HT Photo)

With just a day left for the 50-day deadline for demonetisation’s benefits to show, Prime Minister Narendra Modi has claimed that the move has forced black money, whether belonging to corrupt politicians or bureaucrats, out in the open.

In an interview with India Today magazine, excerpts of which in text form were telecast by a news channel of the group, Modi said counterfeit Indian currency notes available with the enemies were instantly neutralised.

“Black money has been forced out into the open, whomsoever it may belong to, whether it is corrupt politicians, bureaucrats, businessmen or professionals,” said Modi on the outcome of his November 8 sudden move to demonetise Rs 1000 and Rs 500 notes.

“Counterfeit notes, which our intelligence agencies have reported to be available in big volumes with our enemies, have been instantly neutralised.

“Similarly, cash held by terrorists, Maoists and other extremists has also been neutralised. There has been a crippling impact on dangerous and highly damaging illegal activities such as human trafficking and the narcotics trade as well,” he added.

Read| PM Modi tears into Congress, says its leadership desperate after demonetisation