Tuesday, Oct 04, 2022

Demonetisation may impact polls, lot of politicians already worried: Parrikar

Parrikar explained the need to be 'unpredictable' as part of the nuclear strategy.

Demonetisation, Manohar Parrikar, nuclear strategy, India nuclear strategy, Demonetisation economy, Banks demonetisation, Black money Union Defence Minister Manohar Parrikar

Nearly a fortnight after Rs 500 and Rs 1000 notes were demonetised by the government, Union Defence Minister Manohar Parrikar indicated on Thursday that the move may impact polls and said a lot of politicians are already worried. Parrikar was addressing a press briefing when he talked about demonetisation. He also said he came to know about the move to do away with the higher denomination notes only at the Cabinet meeting when the Prime Minister’s speech was aired. Parrikar said the next morning he realised he was the richest in the defence ministry as he had Rs 220 (in smaller change) in his pocket. The Rs 7,000 he also had did not matter then.

AUDIO: Worried About Replacing Rs 500 & Rs 1000 Notes? Don’t Fall For This Fraud Call

“This is an excellent step by the Prime Minister. Black money was used in elections. That black money has become null and void. So obviously, it will ensure more free and fair election,” he said speaking at the launch of the book “The New Arthashastra – A Security Strategy of India,” edited by Brigadier Gurmeet Kanwal (Retd).

He said there are “substantial counterfeit notes” which India’s enemies are using for terror funding. “As a Defence Minister I am very happy. In one strike it has all vanished,” he said.

Subscriber Only Stories
Re-Defining The Tradition In Folk Art: An Art Educator’s PerspectivePremium
Symbiosis School of Sports Sciences (SSSS) launches undergraduate program...Premium
MIT World Peace University launches Five-Year Integrated B.Tech with MBA ...Premium
Bring Home The Ultimate Solution For The Whole Family With Airtel Xstream...Premium

First published on: 10-11-2016 at 09:09:12 pm
Next Story

Release of 9 Tamil Nadu fishermen, 115 boats taken up with Sri Lanka: Radhakrishnan

Latest Comment
Post Comment
Read Comments