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Telangana BJP Defends 500-1000-Note Ban

Telangana BJP leader Nagam Janardhan Reddy said that most citizens of India supported the decision to demonetize the two currency bills.
Hyderabad | 14th November 2016
Telangana BJP leader Nagam Janardhan Reddy today said that most citizens of India supported the decision of Prime Minister Narendra Modi to demonetize the 500 and 1,000 currency bills and replace them with new ones, as they believed that this would weed out corruption and black money reserves in the nation.

Despite the temporary discomfort, most people whole-heartedly supported the decision with the nation's best interests in mind, he claimed. It seemed that those who were opposing the ban were the same ones who were also hoarding black money.

He disagreed with Chief Minister K Chandrashekar Rao on his argument that the State was under heavy losses due to the demonetization move, and alleged that KCR alone was responsible for all the losses and the surplus debts in the name of welfare schemes.
filed in:  BJP, Demonetization, Narendra Modi, Bans, Money, Economy, KCR, Corruption, Telangana
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