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Demonetisation broke backbone of anti-national activities' financing: Mukhtar Naqvi

8 November, 2018 2:31 PM
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Demonetisation broke backbone of anti-national activities' financing: Mukhtar Naqvi

Taking on the opposition for calling demonetisation a "dark day", Union minister Mukhtar Abbas Naqvi said it marks a day when the backbone anti-national activities such as terror funding and accumulating black money was broken.

On the second anniversary of note ban, Naqvi said post-demonetisation an attempt was made to vitiate the atmosphere.

The government's measure announced on November 8, 2016, has also increased the tax base, he said.

Naqvi asserted that it was being claimed that the GDP will fall, but it is now about seven percent.

The government on November 8, 2016, announced ban on old Rs 500 and Rs 1,000 notes, and later issued new Rs 500 and Rs 2,000 banknotes.

"The economy has been made strong. Terror funding used to be through fake currency, hawala, all this has been brought under control," he said.

Source: moneycontrol.com

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