Canindia News

Demonetisation targeted black money, fake notes: Govt

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.




India says Pakistan targeted Indian military, IAF pilot missing

CanIndia New Wire Service

PSL 2020 to carry total prize money of $1 million

CanIndia New Wire Service

Fake notes of Rs 5 lakh face value seized in Kolkata

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More