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Demonetisation targeted black money, fake notes: Govt

  •   Mon, Dec 02 2019 02:35:21 PM

New Delhi, Dec 2 (IANS): The government's move to demonetise Rs 500 and Rs 1,000 currency notes in 2016 was aimed at flushing out black money, eliminating fake currency notes, combating financing of terrorism and Left Wing Extremism, expanding the tax base by converting the non-formal economy to a formal one, generating employment, and to make India a less-cash economy.

This was stated by Union Minister of State for Finance Anurag Thakur in the Lok Sabha on Monday, in response to questions by MPs Deepak Baij and Subbarayan K.

Thakur said Moody's has not downgraded the rating of the Indian economy after 2016.
  

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Comment on this article

  • Sangram Sangam, Kundapur

    Mon, Dec 02 2019

    Why people vote Congress....................................?
    Because people believe

    DisAgree [2] Agree Reply Report Abuse

  • Honnappa, Byadagi

    Mon, Dec 02 2019

    Then how come 99.5% of currency notes came back during demonetisation as per RBI. Making fool of common man by this bajapa government.

    DisAgree Agree [6] Reply Report Abuse

  • Rolf, Dubai

    Mon, Dec 02 2019

    In Gujarat Swami Narayan Temple. Fake 2 thousand notes of 50 lakh rupees have been found from a room in this temple. The police has arrested the temple priest Radha Raman Swamy.

    Jai nationilist swamy .

    DisAgree Agree [10] Reply Report Abuse

  • A A, Dubai/ Udupi

    Mon, Dec 02 2019

    Radha Raman Swamy daily does his pujas and drinks pure cow milk everyday (2 glasses) ....he is innocent man.

    DisAgree Agree [3] Reply Report Abuse

  • David Pais, Mangalore

    Mon, Dec 02 2019

    demonetisation was a blunder. I remember tuglaq raaj's leather currency. with da denomination da Indian economy is killed out rightly. I saw fake currency of 200 note few days b4

    DisAgree Agree [10] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Mon, Dec 02 2019

    Any one can make Fake statements to defend.
    Any benefits ? If yeas, may be only the black or unaccounted money holders. Ordinary people suffered and still suffering.

    DisAgree Agree [8] Reply Report Abuse

  • El En Tea, Mumbai

    Mon, Dec 02 2019

    Now intelligent votres flushing out BJP in every states from the Power
    MP Rajastan Chattis garh Jharkhand Maharastra Haryana.
    40k Crores relief funds recalled.

    DisAgree Agree [9] Reply Report Abuse


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Title: Demonetisation targeted black money, fake notes: Govt



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