Welcoming the decision of Prime Minister Narendra Modi to demonetise currency denominations of Rs 500 and Rs 1000, Arunachal Pradesh unit of BJP lauded the surprise move aimed at eliminating the black money and counterfeit currency that has been bleeding the country and its economy.
‘As an income tax exempted tribal State as notified under IT Act, Arunachal Pradesh has been at the forefront of black money,’ said BJP President Tapir Gao while adding that the Modi led NDA government had given enough time to the currency hoarders.
Further he reiterated that this initiative of PM Modi would have a massive impact on rampant corruption within the system. He added, ‘Arunachal has been a victim of illegal arms trade that prospered in the region.’
Stating that black money and counterfeit currency in the NE region in general and Arunachal in particular had triggered thriving illegal drug business that destroyed many young lives, Gao claimed that demonetizing would have immediate and long term impact not only on overall economy but on over all health of society specially the youth.
He appealed to the public to cooperate with the government and urged them to endure a little bit of hardship for the larger cause of re-building the Indian nation. Endorsing the surprise clampdown by the Union Government, Gao said, ‘This should silence the critics who thought Modiji has gone soft on black money.’