Finance Minister Arun Jaitley said Mr Jaitley said that after demonetisation, there has been a sharp reduction in terror activities in states like Jammu and Kashmir, and Chhattisgarh.
Washington: The shock withdrawal of high-value notes in November last year has curbed terror activities in Jammu and Kashmir, Finance Minister Arun Jaitley said today, adding stone-pelters are no longer active in the valley for the last eight to 10 months.
He denied the opposition's allegations that the centre's programmes like Clean India Mission and policy decisions like the Goods and Services Tax and demonetisation have not brought any changes on the ground.
Mr Jaitley said that after demonetisation, there has been a sharp reduction in terror activities in states like Jammu and Kashmir, and Chhattisgarh. Terror funding itself has been squeezed, he said in a keynote address via video conference to the Berkeley India Conference yesterday ahead of his visit to the US.
He will meet with business executives and attend the annual meeting of the International Monetary Fund and World Bank in Washington.
"You are having terrorist incidents, but the fact that you were finding 5,000-10,000 stone throwers being provided with money by the terrorist organisations, why is it that in the last 8-10 months it has not happened?" Mr Jaitley said.