December 21, 2025 08:59 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi slams ‘cut and commission’ TMC in virtual Taherpur address | US launches Operation Hawkeye Strike in Syria targeting ISIS after Americans killed | Horror on tracks: Rajdhani Express ploughs into elephant herd, eight killed in Assam | Horror in Bangladesh: Hindu man lynched and set on fire amid violent protests | Bangladesh in flames: Student leader Sharif Osman Hadi's death triggers massive protests, media offices torched | Chaos in Dhaka! Protesters assault New Age Editor, burn down newspaper offices amid deadly unrest | After campus shootings, Trump suspends green card lottery programme | ‘Worst is over,’ says IndiGo CEO after flight chaos; staff told to ignore speculation | Chaos at Hyderabad's Lulu Mall! Nidhhi Agerwal swarmed by fans, police register case | TCS bets big on AI, shares spike as company reveals ambitious plan

Currency ban decision taken by Centre in interest of poor: Modi

| | Nov 20, 2016, at 10:04 pm
Agra, Nov 20 (IBNS): Prime Minister Narendra Modi on Sunday said the decision to ban Rs.500 and Rs.1000 currency notes by the Centre was taken in the interest of the poor and the middle class section of the society

"The decision taken by the Government on currency notes is in the interest of the poor and the middle class," Modi said.

"The poor & middle class citizens do not have access to black money. They are honest citizens and our efforts will help them," he said.

He said the decision was taken to safeguard the future of the youth of India.

"This decision on currency notes was not taken to trouble anyone. This decision was taken for safeguarding the future of our youth," Modi said.

"The five hundred and thousand rupee notes ceasing to be legal tender has adversely affected those in fake currency rackets & narcotics," he said.

The Centre took the decision to ban Rs. 500 and Rs. 1000 curency notes on Nov 8.

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.