Demonetisation has ended terror-funding, stone-pelting in Kashmir: Parrikar

Since the demonetisation of high currency notes terror funding has come down to zero and there hasn’t been stone-pelting on security forces, defence minister Manohar Parrikar said on Monday.

Thanking Prime Minister Narendra Modi for the “daring” move, he added the recall of Rs 1000 and 500 notes will also help clamp down on narcotic drugs, aside from tackle black money.

“In the last few days after PM’s daring move, there hasn’t been stone pelting on security forces. Earlier, there were rates: Rs 500 for stone pelting (on security forces in Kashmir) and Rs 1,000 for doing something else. PM has brought terror funding to zero. I congratulate PM for it,” he said, speaking at an event organised by BJP MLA, Atul Bhatkhalkar.

He then added, “Whatever is being done, our jawans on border are doing it. I and PM are just supporting it.”

A citation was presented to the minister for his role in the surgical strikes carried out across the Line of Control in Pakistan-occupied-Kashmir. It also thanked him for providing relief to people affected by land development rules in the vicinity of Central Ordnance Depots (COD).

“When I became defence minister, I did not think there will be things like this (dealing with COD-land issue). I thought Defence meant bang-bang on the border,” he said.

Parrikar also said those who sponsor terror will be affected by the demonetisation.

First Published: Nov 14, 2016 23:32 IST