Demonetisation last nail in the coffin against black money: Min

BIHAR: Union Minister Radha Mohan Singh today said the Centre’s surprising demonetisation move was the final nail in the coffin against black money.

Terming the Government’s decision to demonetise Rs 500 and Rs 1,000 notes as a “surgical strike” on black money, the Union Agriculture and Farmers Welfare Minister said, “With this decision, Prime Minister Narendra Modi has launched a drive against black money, corruption and terrorism, and the decision will prove to be the last nail in the coffin against black money.”

Singh, while talking to reporters at party office here said that the PM has kept his promise on black money, which he made during 2014 Lok Sabha polls.

The decision to demonetise the high-denomination notes had become indispensable in the interest of national security and economy, Singh said, adding that Pakistan was trying to hurt Indian economy by pumping fake currency notes meant to fund terror outfits.

The PM’s surgical strike on black money has poured cold water on Pakistan’s nefarious design, he said, adding that the move would help in checking corruption and terrorism both. (AGENCIES)