May 10, 2026 02:46 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Big defence boost: India successfully tests advanced Agni MIRV missile | India, Singapore unite for tough action against terror and transnational crime | TVK crosses majority mark with VCK, IUML support | I bow before Bengal: PM Modi’s powerful gesture at Suvendu Adhikari’s oath goes viral | Bengal turns a new page: Suvendu Adhikari takes oath as CM amid massive NDA show of strength | Cloud over Tamil Nadu government formation as Governor asks Vijay to prove majority | 1 Year of Operation Sindoor: PM Modi says it showed India’s firm response to terror | ‘Larger conspiracy ahead of PM Modi’s visit’: BJP on killing of Suvendu Adhikari’s aide | ‘My car was on OLX for sale’: Siliguri owner says number plate used in Suvendu aide assassination may have been cloned online | ‘Pre-planned political assassination’: BJP’s Swapan Dasgupta on Suvendu aide’s killing

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.